Lewis Hamilton has finally signed a new contract with Mercedes that will be valid for this season after winning his seventh championship title and sixth with Mercedes last season.
Hamilton and Mercedes have postponed negotiations over a new contract after the 2020 F1 season so they can focus on the championship, and negotiations have been further prolonged after Hamilton picked up COVID-19.
Although both sides argued that the new contract was a matter of formality, the delay in signing the contract prompted theories that the two sides could not agree on the details of the new contract, including salary and contract duration.
But today Hamilton and Mercedes have confirmed that they have signed a new one-year contract that is valid until the end of the 2021 F1 season.
A significant part of the new agreement builds upon the joint commitment to greater diversity and inclusion in motorsport that was made last year by Lewis Hamilton and Mercedes. This will take the form of a joint charitable foundation, which will have the mission of supporting greater diversity and inclusion in all its forms in motorsport.
“We’re very happy to keep the most successful F1 driver of the current era in the most successful F1 team of the current era,” commented Markus Schäfer, Member of the Board of Management of Daimler AG, responsible for Group Research, Mercedes-Benz Cars Chief Operating Officer and Non-Executive Chairman of the Mercedes-AMG Petronas F1 Team.
“Lewis is not only an incredibly talented driver; he also works very hard for his achievements and is extremely hungry. He shares his passion for performance with the entire team which is why this collaboration has become so successful.”
“But Lewis is also a warm-hearted personality who cares deeply about the world around him and wants to make an impact. As a company, we share this sense of responsibility and are proud to launch a new, joint foundation to improve diversity in Formula One.”
“Opening the series to under-represented groups will be important for the sport’s development in the future and we’re determined to make an impact.”
— Mercedes-AMG PETRONAS F1 Team (@MercedesAMGF1) February 8, 2021