Mercedes has been awarded the Lorenzo Bandini trophy for their achievements in motor sport in 2014.
Mercedes swept to both world titles last year, taking 16 wins from 19 races and setting a new record haul of points.
The trophy will be collected by Toto Wolff at Brisighella on 30 August.
Paddy Lowe has also be honored with the Senate President medal, for his lengthy career in the sport.