Formula one Championship leader, nico Rosberg, has signed a new multi-year deal with Mercedes that is reportedly worth £43 million, keeping the Monaco based star with the Silver Arrows until 2017.
The timely announcement ahead of his home Grand Prix at Hockenheim, will provide the German with a timely boost ahead of the half-way point of the season which has been dominated by the Mercedes duo.
Hamilton has won five rounds to Rosberg's three, with only Daniel Ricciardo managing to break the Mercedes stranglehold on the Championship when he stunned the field with victory in Canada.
It is thought that an agreement was already in place before the start of the season with Rosberg choosing to announce the news ahead of his home race.
The announcement is sure to delight the home faithful that will no doubt still be lifted by Germany's World Cup success in Brazil.
Rosberg broke the news to the Formula One media this week, saying: "I am very proud to drive the Formula 1 Silver Arrow of the modern era.”
“As a German, the heritage of Mercedes-Benz is very special for me, and I am proud to be able to represent the best car brand around the world. It has been a difficult road to get to where we are now - but everybody kept believing and, thanks to the fantastic support from Mercedes-Benz, we are now leading the way in F1.
“There has been big progress during the past year, building up our structure, management and capability for the future. We have an awesome team and I am confident that we have the right people in place at every level. I'm looking forward to the next years together, when we will keep pushing to win even more races - and, hopefully, championships."
The son of 1984 World Champion Keke, joined Mercedes in 2010 from Williams, and has taken six victories and 17-podium finishes during his time with the Brackley team.
He leads his team-mate by just four points in the Championship going into Germany and will be looking to repeat the feat achieved by Hamilton last time out when he stormed to victory in front of his home fans at Silverstone.
Toto Wolff, Head of Mercedes Motorsport, expressed his delight in securing Rosberg's signature, claiming this season the driver has shown his World Championship credentials.
"Nico has been part of the Silver Arrows project since day one and he has a big stake in the development of the team since 2010,” Wolff said.
“His speed, commitment and focus have all helped to give clear direction and to drive the team forward. With his performances in 2014, Nico has demonstrated to the outside world what we knew already in the team: that he is one of the very top drivers in Formula 1.
“This new contract brings us important stability and continuity for the future and I am delighted to be able to make the announcement in time for the home race of Mercedes-Benz and Nico in Hockenheim."
Rosberg has already won a home Grand Prix this season when he stormed to victory in the Mediterranean Principality of Monaco, his place of residence, however victory at Hockenheim this weekend, a race he has never won, will be the first time a German has won a home race in a German car since 1939
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