Mercedes have withdrawn their appeal against the outcome of Sunday’s title-deciding Formula One Abu Dhabi Grand Prix.
The team said they had made the decision following “constructive dialogue” with governing body FIA with regard to establishing clarity for future scenarios.
Mercedes said in a statement: “The Mercedes-AMG Petronas team will actively work with this commission to build a better Formula 1 – for every team and every fan who loves this sport as much as we do.
“We will hold the FIA accountable for this process and we hereby withdraw our appeal.”
Sunday’s season-ending race in Abu Dhabi saw Red Bull’s Verstappen claim victory and the title after the deployment of a late safety car led to the Dutchman being placed right behind Mercedes rival Lewis Hamilton, who he then overtook on the final lap.
Mercedes had an immediate double appeal dismissed by the stewards, then lodged an intention to appeal against that decision, which they were required to trigger by Thursday evening.
Mercedes added in the statement: “We appealed in the interest of sporting fairness, and we have since been in a constructive dialogue with the FIA and Formula One to create clarity for the future, so that all competitors know the rules under which they are racing, and how they will be enforced.
“Thus, we welcome the decision by the FIA to install a commission to thoroughly analyse what happened in Abu Dhabi and to improve the robustness of the rules, governance and decision-making in Formula One.
“We also welcome that they have invited the teams and drivers to take part.
"We left Abu Dhabi in disbelief of what we had just witnessed. Of course, it's part of the game to lose a race, but it's something different when you lose faith in racing.
"Together with Lewis, we have deliberated carefully over how to respond to the events... we have always been guided by our love of this sport and we believe that every competition should be won on merit.
"In the race on Sunday many felt, us included, that the way things unfolded was not right."
"To Max Verstappen and Red Bull Racing: we would like to express our sincere respect for your achievements this season," the team added.
"You made this Formula One championship title fight truly epic. Max, we congratulate you and your entire team. We look forward to taking the fight to you on the track next season."