Vettel signs three-year Ferrari extension

Ferrari have announced Sebastian Vettel has signed a new three-year deal, committing him to the team until the end of 2020.

German Formula One driver Sebastian Vettel

Sebastian Vettel is aiming to win his first world title as a Ferrari driver this year. (AAP)

Four-time Formula One champion Sebastian Vettel has extended his contract with Ferrari for another three years.

The German driver, who was out of contract at the end of this season after joining from Red Bull in 2015, has penned a new deal until the end of 2020.

Ferrari made the announcement in a statement Saturday, without giving further details.

"Ferrari has extended its technical and racing agreement with driver Sebastian Vettel for the 2018, 2019 and 2020 racing seasons of the Formula One world championship," the team said in a short statement released ahead of qualifying for the Belgian GP.

It ends speculation whether the 30-year-old Vettel, who heads the drivers championship by 14 points ,was going to stay with the Italian team or potentially make a move to Mercedes.

Mercedes driver Lewis Hamilton, who trails Vettel by 14 points in this year's title race, scoffed at that prospect on Thursday, saying Vettel would not want to be his teammate.

Vettel and Hamilton have won four races each this season heading into Sunday's race.

Vettel will continue his partnership at Ferrari with Kimi Raikkonen after it was revealed earlier this week that the Finn will be retained for at least one more season.

Vettel's contract extension is also likely to mean Valtteri Bottas will be handed a new contract to partner Hamilton at Mercedes for 2018.


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Source: AAP



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