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Pastor Maldonado issues statement confirming F1 exit
Pastor Maldonado has confirmed that he will not be racing in Formula 1 in 2016. The Venezuelan driver had been under contract to race with the rebranded Lotus Renault team this season, but he has taken to social media to confirm that he will not be taking part in this year's action. This appears to confirm that recent rumours about him being replaced by former McLaren driver Kevin Magnussen are correct. Maldonado is believed to be losing his seat due to sponsors PDVSA failing to pay for his seat at Renault this year. In a statement, Maldonado said: 'My dear fans, I am writing to you with respect. As everyone knows, in recent days, there have been a number of rumours about my immediate...
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