The announcement takes the length of McLarens relationship with Hamilton to a total of 15 years, believed to be among the longest running associations between a sportsman and a team in motorsport history.
"Its fantastic for me that Vodafone McLaren Mercedes has extended my contract until 2012,” said Hamilton, runner-up in the 2007 drivers championship. “Whilst last year was my first year with the team in Formula One, I have been connected to McLaren and Mercedes-Benz since 1998 and feel that I could easily drive for this team for the whole of my Formula One career.”
Hamilton narrowly missed out on last years title after an amazing rookie season, which saw him take four Grand Prix victories. And while his new deal is almost certain to make him one of Formula One racings best paid drivers, the 23-year-old Briton insisted he is firmly focused on more success in the seasons ahead.
“I am with the right team to compete for race wins and both the drivers and constructors world championships in the future,” he added. “We will have a lot of challenges ahead, but I am 100 percent positive I am with the people to take them on.”
Announcing Hamiltons new contract, McLaren team principal Ron Dennis said his driver had more than earned a pay rise: “Given Lewiss performances over the course of the 2007 season, it is clear that improved financial terms were fully deserved and this formed part of the friendly negotiations with Lewiss manager Anthony Hamilton.”
Following the departure of Fernando Alonso at the end of last season, Hamilton will race alongside former Renault racer Heikki Kovalainen in 2008. Both team and driver are confident it will prove to be a fruitful partnership.
“I am enjoying working closely with Heikki, Pedro (de la Rosa), Gary (Paffett) and the team as we push hard with the development of the MP4-23,” said Hamilton. “We have 57 days to go until the lights go out on the grid at Albert Park and we are motivated to make the most of this time and arrive in Melbourne with a competitive car."
McLarens Formula One CEO Martin Whitmarsh added: “Since Heikki joined the team in December, it has become more apparent how well he and Lewis will work together to become a competitive force for the team. We feel confident we have the prospect of another exciting season ahead."
