Sebastian Vettel, who is a Ferrari Formula One driver will exit the team at the end of 2020 after contract renewal talks between the team and the four-time world champion broke down.
In a statement, the head of the Ferrari team head, Mattia Binotto said: “This is a decision taken jointly by ourselves and Sebastian, one which both parties feel is for the best. It was not an easy decision to reach, given Sebastian’s worth as a driver and as a person. There was no specific reason that led to this decision, apart from the common and amicable belief that the time had come to go our separate ways in order to reach our respective objectives.”
For Vettel, both parties took the decision because “it was important for all parties to work in harmony.” He added: “The team and I have realised that there is no longer a common desire to stay together beyond the end of this season.”
There have been speculations about Sebastian Vettel’s role in Ferrari as a result of the team offering Charles Leclerc an improved 5-year contract.
According to reports, Vettel who joined Ferrari in 2015 may join Renault or McLaren.