Fernando Alonso extends his contract with Ferrari

The Spanish two-time world champion joined Ferrari at the start of last season, and his initial contract was due to end in 2012. Alonso however has signed an extension which will see him race for the Italian outfit until 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," said Ferrari President Luca di Montezemolo, and added, "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."

Alonso said: "I am very happy to have reached this agreement. 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."

Source: Ferrari