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BREAKING NEWS: Rosberg retires from Formula One

Related Topics: Formula One, Nico Rosberg

VIENNA, Austria -- Nico Rosberg has announced his retirement from Formula One less than a week after being crowned world champion in Abu Dhabi.

Rosberg made the announcement at a press conference ahead of the FIA prize giving in Vienna where he is due to be presented with the championship trophy. He made clear that after achieving his childhood dream of being crowned champion, he wanted to spend more time with his family away from the pressures of Formula One, saying he "could not go through that again".

Mercedes has not yet announced who will replace him.