Mercedes GP has confirmed Michael Schumacher as its driver for next season, in a deal he said was three years long and believed to be worth €7 million (US$10 million).
Michael Schumacher, who turns 41 in January, will be part of an all-German team with 24-year-old Nico Rosberg, who agreed a deal with Mercedes last month.
Schumacher was expected to return with Ferrari last year as a replacement for the injured Felipe Massa. But his comeback was cancelled after a neck injury, sustained in a motorbike test in February, turned out to be more serious than previously thought. He has recently undergone extensive medical tests, and has now declared himself fit to race.
"The motivation I think is pretty straightforward," Schumacher said. "Our aim can only be to fight for the championship. We are talking about a three-year deal, it is not a one-off thing. We are obviously looking for continuity.
"The call I got from Ross at the end of November concerning the chance to go racing, Mercedes being involved, I felt great. I never left the race track. I was tired of F1 by the end of 2006, but in three years of absence I got back all the energy that I am feeling right now. I played around with motorbikes and I feel ready for some serious stuff now."
Ross Brawn (Team Principal) said he now had one of the best driver line ups in F1 and was confident Schumacher could challenge for the title in 2010. Brawn's team won both drivers' and constructors' titles in 2009 with Jenson Button, but the British driver left the team last month to drive for McLaren. When asked, Brawn denied Button was pushed out of the team to make space for Schumacher.
Source: ESPN F1