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Pastor Maldonado is set to be replaced by Kevin Magnussen at Renault.
Pastor Maldonado is set to be replaced by Kevin Magnussen to drive for Renault this year. Maldonado was tipped to continue with to continue with the British-based team, formerly known as Lotus F1, alongside Jolyon Palmer.
But the 30-year-old Venezuelan lost his seat following obstacles in negotiations between his backers PDVSA (Venezuela's state-owned oil and gas company) and Renault.
Announcing his departure on Twitter, Maldonado said that he won’t be present on the starting grid of the 2016 season.
“I feel very honoured, with the support of all of you and proud of my professional performance,” he wrote.
He has started 95 grand prix over six seasons with Williams and then Lotus.
Maldonado’s replacement Magnussen drove for McLaren in the 2014 season.
The 23-year-old had the distinction of finishing second in his debut race. With Fernando Alonso joining McLaren in 2015, Magnussen became the reserve driver for the team.
The Danish driver started in 11 races with the podium finish at the 2014 Australian Grand Prix being his best result.
With the formal announcement of Magnussen joining Renault set to be made tomorrow, Manor is the only team which hasn’t announced its driver line-up.