Wolff reveals: 'Fundamental changes to Mercedes car for 2024'

Mercedes introduced a comprehensive update package in Monaco that seems to be working well for the team. The German racing stable also has a major update planned for Silverstone and is coming up with "fundamental changes" to the car for 2024, according to Toto Wolff.

Since the updates were introduced at the Monaco Grand Prix, Lewis Hamilton was on the podium twice and George Russell once. To do so, Mercedes did have to shake up the concept of the W14, saying goodbye to the barely there sidepods.

Wolff on 'fundamental changes' at Mercedes

Extensive changes are also planned for the next Formula 1 season in 2024. "The good thing is that we are constantly learning about what the car is doing. There are going to be some fundamental design changes for next year, but it's not that we're building stuff. It's more like what are we simulating? That is not measured in money, or teraflops or wind tunnel hours," the Mercedes team boss told Sky Sports.

Wolff recently confirmed that extensive updates are also coming at Silverstone. However, the 51-year-old Austrian is not worried about any potential impact on the team's budget. "We have set up a huge organisation in our financial department of 46 people, that monitors the cost cap down to the last screw," he explained.

"We look at that trend of our spend during all of the year and what we've done is basically allocate resource to various projects. We've stayed below that line all year last year, and we're still below that line this year and that is considering a normal development switch for next year. This is still pretty much on track," Wolff said.