Red Bull will begin an exciting phase next season after having signed a multi-year agreement with the Japanese manufacturers, as they bring an end to a 12-year long power unit relationship with Renault.
“This is certainly the right step forward, looking from the outside, for all parties,” said Wolff.
“It was important for Red Bull to have a works status. Long term probably the best chance to win a championship.
“Maybe short term, more work to do, but long term, from where I sit, absolutely the right decision. I am looking forward to tougher fights and tougher battles with Red Bull-Honda.”
“It’s about finding gains without compromising reliability… That fight is going to continue until the end of the season.”— Formula 1 (@F1) June 26, 2018
Toto Wolff on Mercedes' improved performance in France >> https://t.co/v7AdpqmFtC#F1 pic.twitter.com/hTxn3Vo2s2
Mercedes have enjoyed a long spell of sustained success over the last few years in F1, with Ferrari only managing to give them a strong challenge last year. And Wolff believes, the competition should keep growing, as it is a good sign for the sport.
“For us, as Mercedes, it is important that we have top brands in F1,” he added. “The more we can attract the better for all of us and the better for the sport.”
Mercedes have been forced to postpone an engine upgrade that was scheduled for this weekend’s Canadian Grand Prix, prompting Formula One championship leader Lewis Hamilton to say he and the team could be in for a “difficult weekend”.
The impact for the latter will be mitigated by a grid penalty for Daniel Ricciardo, with the Monaco Grand Prix winner having had new parts added to his engine due to problems which arose during that victorious drive. He will face at least a 10-place penalty.
However, Hamilton remains concerned of the potential damage his title hopes could suffer this weekend after Mercedes said a “quality issue” has delayed their upgrade.
“It is a power circuit,” Hamilton said of Montreal’s Circuit Gilles Villeneuve. “There is power loss over the life of an engine. All I am hoping for is reliability.
“If I am on the seventh race, with a power difficult circuit, I just want to see it through. Naturally I am still here to win.
“It will be interesting to see whether we can match Ferrari or not, but we are going to be giving it everything we’ve got.”
Hamilton was on course to open his campaign with the maximum quota of points at Melbourne’s Albert Park only to see rival Sebastian Vettel snatch victory following a miscalculation by Mercedes.
The mistake afforded Vettel the chance to leapfrog Hamilton during a virtual safety car period at the Australian Grand Prix before he went on to seal an unlikely victory.
The inquest will start at Mercedes’ Oxfordshire base in Brackley on Monday as the sport’s reigning constructors’ champions work to ensure they do not leave Hamilton exposed again.
“It was clearly a problem on our side and we need to analyse that to understand what happened and correct it,” Mercedes boss Toto Wolff said.
“Lewis was in control through the opening stint of the race and then after his pit stop and looked on course for a strong victory.
“It is a tough one to take but there are lots of lessons to be learned so we can come back stronger next time.”
Hamilton will be kept updated with the investigation after the error handed Vettel an early advantage in this year’s championship race.
The Englishman, 33, was magnanimous in defeat, and while he expects to go head-to-head with Vettel in Bahrain a week on Sunday, he also believes he has the tools to bounce back.
“We have got a great car and we are still the world champions so with a couple of adjustments I believe we can win the next race,” Hamilton added.
“You never know how the season is going to pan out as you do not get a good understanding until after four races, but Ferrari are quick.
“They are going to be rapid at the next race – they are always good when it comes to hot circuits – so it is not going to be easy and it is going to be close.”
Hamilton’s Mercedes team-mate Valtteri Bottas finished only eighth on Sunday after he started a lowly 15th on the grid.
Bottas’s crash in qualifying left Hamilton exposed to both Vettel and his Ferrari team-mate Kimi Raikkonen during the curtain raiser, and the British driver says the title could be determined by hunting in packs.
Hamilton added: “It is not easy to fight against a team which has two cars in the mix rather than one.
“Last year it was important to have both of our cars up there and this year it is going to be even more important than ever before.
“We are working hard together and Valtteri will make sure he is up there and fighting with us.”
Provided by Press Association Sport