Mercedes GP has put an end to recent rumours suggesting Nico Rosberg was on the way to Ferrari, by today announcing it had extended its contract with the German on a multi-year deal from 2013 and beyond.
The exact terms of the new contract have not yet been revealed, although it is widely thought that it is a three-year contract extension.
Given that he still has another year to run on his contract, the announcement is something of a surprise.
It was actually expected among the media that a one-year contract extension for team-mate Michael Schumacher would be announced in the coming days, although at this stage, the team is remaining silent.
“I am very excited to have extended my contract with the Mercedes GP Petronas team,” Rosberg said. “To win in a Silver Arrow will be one of the highlights of my life so far, and I greatly enjoy helping to lead our team in our quest to become the best in Formula 1.
“I have every confidence that the team will provide me with a winning car, and that we will be able to contribute to the fantastic racing heritage of the Silver Arrows. I look forward to great times in the years ahead with the Mercedes-Benz family.”
“We are delighted to have extended our contract with Nico as we know that he is a driver who can win races and championships,” added Mercedes GP team principal Ross Brawn.
“Nico has performed exceptionally well for our Silver Arrows team over the past two seasons, achieving results at the very limit of the technical capabilities of our current car.
“He has an excellent work ethic and, together with Michael, this gives us a driver pairing who consistently push the team to improve and progress. As we continue to strengthen our team for the future, we look forward to providing Nico with a car which will enable him to compete right at the front of the field and achieve his deserved first win in Formula 1.”