Toto Wolff has quashed speculation that Mercedes’ foray into Formula E could signal their exit from Formula 1.

Earlier this year Mercedes’ Formula E entry was given green light by FIA with the German carmaker set to join the electric series in the 2019/20 season.

This raised some concerns, and many a paddock whisper, that it could be the first step in Mercedes walking away from Formula 1.

Wolff says that won’t happen.

“Formula 1 is part of our core business,” said the motorsport boss. “The first Mercedes was a race car.

“Formula 1 is not just a marketing platform for us.