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Rosberg signs Mercedes contract extension

Championship leader Nico Rosberg has signed a two-year contract extension with Mercedes ahead of the Hungarian Grand Prix.

The German, who has finished runner-up to teammate Lewis Hamilton in the past two seasons, announced the news in a stylish video on his Twitter feed. The new deal will keep Rosberg at Mercedes until the end of the 2018 season, and the team later tweeted the words "signed, sealed, delivered" over a picture of the contract.

"We are delighted to announce that the Mercedes AMG Petronas Formula 1 Team has signed a two-year contract extension with Nico Rosberg for the 2017 and 2018 Formula One seasons," read a team press release.