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Maldonado confirms F1 exit, Magnussen set for Renault
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Pastor Maldonado has confirmed he will not be racing in F1 this season, with Kevin Magnussen replacing him at Renault. Maldonado's seat came under threat as a result of late payments from backer PDVSA following economic turmoil in Venezuela, with Renault attempting to resolve the dispute over the winter. However, a final deadline failed to see an agreement reach, leading the team to move to replace Maldonado. Maldonado has now posted a statement via his Twitter account to confirm to his fans that he will no longer be racing in F1. "Today I most humbly inform you that I will not be present at the starting grid for the 2016 F1 season," Maldonado wrote....
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