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Magnussen set to replace Maldonado at F1's Renault

AFP logoAFP 02-02-2016
Lotus F1 Team's driver Pastor Maldonado drives during the second practice session at the Yas Marina circuit in Abu Dhabi on November 27, 2015 ahead of the Abu Dhabi Formula One Grand Prix © Provided by AFP Lotus F1 Team's driver Pastor Maldonado drives during the second practice session at the Yas Marina circuit in Abu Dhabi on November 27, 2015 ahead of the Abu Dhabi Formula One Grand Prix

Pastor Maldonado revealed on Monday he had lost the drive with Renault for this season, with reports suggesting Kevin Magnussen was poised to join the former Lotus team.

Maldonado had been due to continue with the British-based outfit alongside Jolyon Palmer, son of former Formula One driver Jonathan Palmer.

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Maldonado confirmed his departure on Twitter.

"Today with the biggest humility I inform you that I won't be on the grid at the start of the 2016 season. Thanks for all the messages of support, passion and concerns about my future.

"I'm very thankful to God, my family, my sponsors, my friends, my fans and everybody who has helped me materialise this dream of having represented Venezuela in the pinnacle of motorsport. See you soon!"

According to Autosport, 23-year-old Magnussen will be confirmed as Maldonado's replacement on Wednesday.

The young Dane returns to Formula One four months after losing his drive with McLaren.

Maldonado, the winner of the 2012 Spanish Grand Prix, was let go after a hitch with funding from his backers, PDVSA, Venezuela's state-owned oil and gas company.

The 30-year-old Venezuelan has started 95 grand prix over six seasons with Williams and then Lotus.

There are now only two seats still to be filled for 2016, at Manor Racing, with in the frame Germany's Pascal Wehlein and Indonesian Rio Haryanto.

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