Rosberg's contract extended for three more years.
Jul.16 (GMM) Mercedes announced on Wednesday that Nico Rosberg is staying put for several more years.
Rumours of the German's new deal emerged some time ago, but it has only now been confirmed that the current championship leader has signed a "multi-year contract extension".
"I'm looking forward to the next years together, when we will keep pushing to win even more races -- and, hopefully, championships," said the 29-year-old, who joined Mercedes as Michael Schumacher's teammate in 2010.
Boss Toto Wolff added: "Nico has been part of the Silver Arrows project since day one and he has a big stake in the development of the team since 2010."
The major German daily Bild claims that Rosberg's new deal, announced hot on the heels of his marriage to long-time girlfriend Vivian, is for three more years, and worth EUR 55 million in total, which is nearly $75 million US.
"The contract was signed on Monday," the report claimed, "and includes further options."