After ꦬtheir W13 and W14 concepts underwhelmed, Mercedes are pursuing an all-new car design for 2024 as they look to turn around their competitive fortunes and return to the front of the F1 grid. 

Whi🅺le Wolff acknowledges Mercedes have “a huge mountain to climb” in order to get on level terms with current F1 leaders Red Bull in time for next sea🦋son, he is staying optimistic. 

"It's to set the expectations right because we have a huge mountain to climb," Wolff said in a Mercedꦿes video. "There's a team that is so successful andꦬ we have a big gap to close.

"At th𒐪e same time, I believe we've taken some proactive steps to close that gap. Is it going to be🔯 good enough? I don't know. But we're going to see it in testing and then in the first race in Bahrain.

"I'm super excited. I'd like to start going now. It's the stopwatch that's🎃 going to tell us what job we've done.”

Wolff stressed Mercedes “learnt a lot” throughout a challenging 2023 campaign which𒁏 marked the German manufacturer’s first winless F1 season since 2011. 

“The races and the seaso❀ns that are dif🔯ficult are the ones where you learn the most,” Wolff added. 

"And we always say, the days w💜e lose are the days our competitors are going to regret, bec🐼ause we learn the most. I think there's so many lessons that we learned as an organisation, as humans, but also technically that will be beneficial going forward.

"During the year, we realised that our car was not operat🔥ing in as stable a manner as we had p🅠redicted.

"That is perhaps because we didn't develop it in the necessary window. It was clear that the interaction between 🐲chassis and tyres didn't work perfectly. So, in that respect, this was the most important learning."