Renault Sport Formula 1 Team have confirmed that they will be retaining Jolyon Palmer for the 2017 Formula 1 season.
It was rumoured earlier on Wednesday that the Briton would stay with Renault, with multiple sources suggesting that current team-mate Kevin Magnussen would be switching to Haas F1 Team. During the 2016 season, Palmer has only had one points finish, after he finished in tenth at the Malaysian Grand Prix.
Renault are delighted to retain Palmer, who will be partnering Nico Hulkenberg, after he signed a contract with the Enstone-based team. The team have been impressed with his increasingly strong performance on track as the season has progressed.
Renault Sport Racing Chairman, Jérôme Stoll added, “We are confident that the combination of Jolyon and Nico Hülkenberg offers a very promising driving force to meet our goals.
“Jolyon understands the team’s spirit and motivates everyone he works with. I am sure that having Nico as a team-mate will help push Jolyon to greater achievements.
“We thank Kevin Magnussen for his efforts in 2016 as he has done a great job for us this year. We wish him all the best for 2017 and beyond.”
Palmer is over the moon to be racing with Renault for a second season and understands that he is performing better than ever.
“For me, it’s been a steep learning curve driving in Formula 1,” added Palmer. “I know that I am performing better than ever, and that there’s still more to come.
“There is tremendous drive and enthusiasm in Enstone and Viry looking to next year and I am honoured to be part of this.”