Mercedes sees rise in revenue and profit, Renault rebrands for 2021

Renault's Daniel Ricciardo (R) competes with Mercedes' Valtteri Bottas during the 2020 Italian Grand Prix (by MIGUEL MEDINA/POOL/AFP via Getty Images)

Formula 1 motor-racing team Mercedes has reported rises in profit and revenue for 2019, while Renault has announced it will rebrand as Alpine for the 2021 season.

Mercedes, which is based in the English town of Brackley, has issued its financial report for the year ending December 31, 2019 – a period in which it claimed the constructors’ and drivers’ world championships for the sixth consecutive year.

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