Magnussen also announces Haas F1 team exit
Kevin Magnussen has revealed that he too will be leaving the Haas Formula 1 team at the end of the season.
Just minutes after his teammate Romain Grosjean said he would not be staying on with the outfit for 2021, Magnussen announced that he would not be remaining either.
"The 2020 Formula 1 season will be my last with Haas F1 Team," the Dane posted on Instagram.
"I have had a great time with the team for four years and I look back at a great journey. Being part of a brand new team has been a challenge that I have thoroughly enjoyed and it has brought me a huge amount of experience that has helped me grow and develop as a racing driver.
"I would like to thank Gene, Guenther and all of the race team for their loyalty and trust in me over the past four years."
With very few cockpits available in F1 for next season, Magnussen is unlikely to secure a full-time race seat elsewhere for 2021. However, he could take a reserve or development role to try to plot a return for the following season.
He added: "I am still working on my plans for the future, which I will announce in due course
"There are still six races to do this season, and I am determined to give my all to finish off on a high. Thank you for all your support."
The 28-year-old Dane has been with the American squad since the 2017 season, having joined a year after Grosjean.
Magnussen has scored 96 points for Haas and set the team's only fastest lap in the 2018 and 2019 Singapore Grands Prix.
His exit from Haas also leaves Magnussen with very limited choices to stay in Formula 1 next year, with very few seats available.
"I want to extend my thanks to both Romain and Kevin for their hard work and commitment to Haas F1 Team over the past few seasons," said team boss Gunther Steiner in a statement.
"Romain and Kevin played a significant part in that success. Of course, there is still plenty of racing left in the 2020 season.
"It's been a challenging year, no doubt about that, but both drivers have given their all behind the wheel of the VF-20.
"We value their inputs and experience to keep pushing the team forward through to the Abu Dhabi Grand Prix in December."
Related video
Grosjean to leave Haas F1 at end of 2020 season
How an ICU lesson should guide F1's future engine path
Five things we learned from Vasseur’s first Ferrari F1 press call
Ferrari has undergone a winter of upheaval ever since it was announced that boss Mattia Binotto was stepping away from the Formula 1 squad.
Live: Watch the first round of WSK Champions Cup
Grand opening of the WSK season for the first round of the WSK Champions Cup from 25 to 29 January at South Garda Karting.
Rolex 24, Hour 12: MSR Acura leads AXR Cadillac at half-distance
Meyer Shank Racing’s Simon Pagenaud led the field as the clock ticked past the halfway mark in the 61st Rolex 24 Hours, with the AXR Cadillac of Alexander Sims, the WTR Acura and the #6 Porsche in hot pursuit.
Rolex 24, Hour 9: Cadillac back in charge, scare for MSR Acura
Chip Ganassi Racing's #01 Cadillac V-LMDh led the Rolex 24 at Daytona at the nine-hour mark, as the Meyer Shank Racing Acura dropped back following a spin for Helio Castroneves.
Why Vasseur relishes 'feeling the pressure' as Ferrari's F1 boss
OPINION: Fred Vasseur has spent only a few weeks as team principal for the Ferrari Formula 1 team, but is already intent on taking the Scuderia back to the very top. And despite it being arguably the most demanding job in motorsport, the Frenchman is relishing the challenge
The crucial tech changes F1 teams must adapt to in 2023
Changes to the regulations for season two of Formula 1's ground-effects era aim to smooth out last year’s troubles and shut down loopholes. But what areas have been targeted, and what impact will this have?
Are these the 50 quickest drivers in F1 history?
Who are the quickest drivers in Formula 1 history? Luke Smith asked a jury of experienced and international panel of experts and F1 insiders. Some of them have worked closely with F1’s fastest-ever drivers – so who better to vote on our all-time top 50? We’re talking all-out speed here rather than size of trophy cabinet, so the results may surprise you…
One easy way the FIA could instantly improve F1
OPINION: During what is traditionally a very quiet time of year in the Formula 1 news cycle, FIA president Mohammed Ben Sulayem has been generating headlines. He’s been commenting on massive topics in a championship that loves them, but also addressing necessary smaller changes too. Here we suggest a further refinement that would be a big boon to fans
How can McLaren keep hold of Norris?
Lando Norris is no longer the young cheeky-chappy at McLaren; he’s now the established ace. And F1's big guns will come calling if the team can’t give him a competitive car. Here's what the team needs to do to retain its prize asset
What difference did F1's fastest pitstops of 2022 make?
While a quick pitstop can make all the difference to the outcome of a Formula 1 race, most team managers say consistency is more important than pure speed. MATT KEW analyses the fastest pitstops from last season to see which ones – if any – made a genuine impact
When F1 'holiday' races kept drivers busy through the winter
Modern Formula 1 fans have grown accustomed to a lull in racing during winter in the northern hemisphere. But, as MAURICE HAMILTON explains, there was a time when teams headed south of the equator rather than bunkering down in the factory. And why not? There was fun to be had, money to be made and reputations to forge…
What Porsche social media frenzy says about F1’s manufacturer allure
Porsche whipped up a frenzy thanks to a cryptic social media post last week, and though it turned out to be a false alarm, it also highlighted more just why manufacturers remain such an important element in terms of the attraction that they bring to F1. It is little wonder that several other manufacturers are bidding for a slice of the action.
Subscribe and access Motorsport.com with your ad-blocker.
From Formula 1 to MotoGP we report straight from the paddock because we love our sport, just like you. In order to keep delivering our expert journalism, our website uses advertising. Still, we want to give you the opportunity to enjoy an ad-free and tracker-free website and to continue using your adblocker.