Britain’s Jolyon Palmer secured his place in Formula One with another year at Renault yesterday while current Danish team-mate Kevin Magnussen was set to join the US-owned Haas team on a multi-year deal.

Renault completed their 2017 line-up, and another part of the driver market puzzle, by announcing ahead of the season’s penultimate Brazilian Grand Prix that Palmer, 25, would be staying put.

The British-based manufacturer team have already signed experienced German Nico Hulkenberg from Force India and the second seat had looked like a toss-up between Palmer or Magnussen.

Magnussen, 24, pre-empted that by turning down a one-year offer in favour of a longer-term opportunity at Ferrari-powered newcomers Haas in place of Mexican Esteban Gutierrez, a source close to that deal told Reuters.

Renault said the combination of Palmer and Hulkenberg offered “a very promising driving force to meet our goals”.

“Jolyon understands the team’s spirit and motivates everyone he works with,” said Renault Sport chairman Jerome Stoll.

“The line-up of Jolyon and Nico harnesses the benefits of continuity and fresh blood. I am sure that having Nico as a team-mate will help push Jolyon to greater achievements.”

Haas, eighth overall in the championship and one place ahead of Renault, this season became the first US-owned team in 30 years.

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.