Fernando Alonso

Few things inspire as much rumor and conjecture as the hiring and firing of Formula 1 drivers. This one's going here, that one's staying there, one is hired and another is fired. But Fernando Alonso seems to have his seat secure for the foreseeable future.

Scuderia Ferrari has announced that it and Alonso have renewed their contract through 2016, making the two-time world champion's job one of the most secure on the grid. Alonso described the move as, "natural for me to decide to extend my relationship in the long-term like this, with a team at which I will no doubt end my Formula 1 career one day."

Of course that's also what Kimi Raikkonen said, before being shown the door – just a couple of years after winning the championship for Ferrari – to make room for Alonso. In an environment as volatile as F1, the value of a contract can change just that quickly. But short of that, Alonso looks poised to stay in scarlet for years to come. Official announcement after the jump.

Show full PR text

Alonso and Ferrari together until 2016

Maranello, 19 May 2011 - Scuderia Ferrari Marlboro announces that it has renewed its technical and racing agreement with the driver Fernando Alonso up to the end of the 2016 season.

"It is a great pleasure to have renewed our agreement with a driver who has always demonstrated a winning mentality even in the most difficult circumstances, commented President Luca di Montezemolo. "Fernando has all the required qualities, both technically and personally to play a leading role in the history of Ferrari and I hope he will be enriching it with further wins very soon."

"I am very happy to have reached this agreement, said Fernando Alonso. "I immediately felt comfortable within Ferrari and now it feels to me like a second family. I have the utmost faith in the men and women who work in Maranello and in those who lead them: it is therefore natural for me to decide to extend my relationship in the long term like this, with a team at which I will no doubt end my Formula 1 career one day."