Lewis Hamilton knows better than to question a good thing. It’s safe to say that last year’s season went pretty well for him, resulting as it did in his second F1 World Championship. He is also, at the time of this writing, the points leader for this year’s season. The second-place driver is his teammate, Nico Rosberg, who also finished second place in last year’s championship. This should tell you a little bit how Mercedes-AMG Petronas has been doing lately, and why Lewis Hamilton has just extended his contract though the 2018 season.

Official figures weren’t released and there has been a lot of speculation on exactly what the deal is worth, with some estimates putting it as high as $140 million over the 2016-2018 seasons. That’s a lot of money, but success like this hasn’t come around very often for Mercedes, and team is evidently willing to pay to hold on to it. Just to give you an idea of rare it is for a Mercedes works driver to win a Championship, the last one was Juan Manuel Fangio in 1955. So this deal with Hamilton is advantageous for both parties.

Continue reading for the full story.

Why it matters

Mercedes is not completely without any post-1955 bragging rights. Lewis Hamilton’s previous World Championship was behind the wheel of a McLaren that was powered by a Mercedes engine, same goes for Mika Hakkinen’s two championships, while Jenson Button won with a Mercedes-powered Brawn.

In fact, the past 20 years of F1 has been dominated by just three engine builders: Mercedes, Ferrari and Renault. The Mercedes-AMG Petronas cars clearly have good engines, but that counts for very little without good drivers, so we’re very eager to see how the next few years of Formula 1 play out.

2015 Mercedes-AMG Petronas F1 W06 Hybrid

2015 Mercedes-AMG Petronas F1 W06 Hybrid High Resolution Exterior Wallpaper quality
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Read our full review here.

Press Release

MERCEDES AMG PETRONAS is pleased to announce that it has finalised a new contract with Lewis Hamilton for the 2016 to 2018 Formula One seasons inclusive.
Since making his Formula One debut with McLaren in 2007, Lewis has started every one of his 153 Grands Prix with Mercedes-Benz power and this track record includes 36 victories, of which 15 so far were at the wheel of a works Silver Arrow.

Lewis joined MERCEDES AMG PETRONAS in 2013, winning his first race for the Silver Arrows in Hungary that year. In 2014, he claimed 11 race wins on his way to securing his second Formula One World Championship; this title saw him become the first driver since Juan Manuel Fangio to win the World Championship in a works Mercedes-Benz.

Lewis currently leads the 2015 Formula One World Championship by 20 points from team-mate Nico Rosberg.

Lewis Hamilton commented: “Mercedes is my home and I couldn’t be happier to be staying here for another three years. This is a company filled with real passionate racers, from the board room to the factory floor, and an incredible hunger to win. Even after the success of last year, that hunger is greater than ever – and it’s the same for me, too. The Mercedes car I am driving right now is the best I have ever had in my career; it’s just so much fun to be out there every weekend, on the limit and fighting to win at every track. Mercedes-Benz began supporting me in 1998 so I am very proud that this contract means I will mark 20 years with Mercedes in 2018.”

Head of Mercedes-Benz Motorsport Toto Wolff continued: “Continuity is one of the key factors for delivering success in Formula One and we now have that in place. Lewis enjoyed an historic World Championship season with Mercedes-Benz last year and it was a priority for this season to renew his contract for the next term. We have taken the right amount of time with the process and not rushed ourselves. The result is a strong agreement that will enhance Lewis’ association with the Mercedes-Benz brand, and that recognises and respects the market value of Lewis and of Mercedes in Formula One. Lewis’ sporting track record speaks for itself and he is a great personality for the company. Personally, I am looking forward to continuing to race with the strongest driver pairing in Formula One and to more historic achievements together.”

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