Palmer stays at Renault, Magnussen set for Haas

Wed Nov 9, 2016 1:03pm EST
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By Alan Baldwin

SAO PAULO (Reuters) - Britain's Jolyon Palmer secured his place in Formula One with another year at Renault on Wednesday while current Danish team mate Kevin Magnussen was set to join the U.S.-owned Haas team on a multi-year deal.

Renault completed their 2017 lineup, and another part of the driver market puzzle, by announcing ahead of the season's penultimate Brazilian Grand Prix that Palmer, 25, would be staying put.

The British-based manufacturer team have already signed experienced German Nico Hulkenberg from Force India and the second seat had looked like a toss-up between Palmer or Magnussen.

Magnussen, 24, pre-empted that by turning down a one-year offer in favor of a longer-term opportunity at Ferrari-powered newcomers Haas in place of Mexican Esteban Gutierrez, a source close to that deal told Reuters.

Renault said the combination of Palmer and Hulkenberg offered "a very promising driving force to meet our goals.

"Jolyon understands the team’s spirit and motivates everyone he works with," said Renault Sport chairman Jerome Stoll. "The lineup of Jolyon and Nico harnesses the benefits of continuity and fresh blood.

"I am sure that having Nico as a team mate will help push Jolyon to greater achievements."

Palmer, a former GP2 champion, said he was "over the moon" and eager to reward the team's faith in him.   Continued...

Formula One - Spanish Grand Prix - Barcelona-Catalunya racetrack, Montmelo, Spain - 12/5/16 Renault's F1 driver Kevin Magnussen gestures during a news conference ahead of the Spanish Grand Prix. REUTERS/Albert Gea