“Williams is an independent team, but Formula One is always evolving, and as a team we must be agile to react to the current climate in order to put the team in the best position to be competitive on track.
“This long-term agreement with Mercedes is a positive step and forms part of our strategic objectives for the future, whilst we will still retain our design and manufacturing capabilities in-house.”
Williams were taken over by Dorilton Capital in August and at the time it was stated that making the team competitive once again was a key priority.
The 2021 season will be the first time a set of strict financial regulations will be included in the rules and that is believed to have contributed to Williams’ more pragmatic approach.
