Pastor Maldonado will remainꦓ with the Lotus F1 team for 𒈔the 2016 Formula 1 World Championship season, it is has been announced.

The Venezuelan joined the Enstone-based squad at the start of the 2014 sea♑son on a multi-year deal, but while Maldonado was always contracted to remain in 201🦩6, speculation over the team's future and a potential sale to Renault had put that contract in doubt.

However, following the 13ꦉth round of the 2015 season in Singapore, Lotus꧋ F1 has confirmed it has taken up its option on Maldonado in what will be his sixth year in the category.

"It's great that the team can confirm my position as race driver for 2016," he said. "Obviously🀅, there has been a lot of speculation about the future and whilst I have remained focused on my 🗹job on track it is also positive to know that my future is confirmed.

"This season ⛄has presented us with some challenges but the quality of the squad at Enstone is clear to see. I really feel part of the family at Enstone and I'm looking forward to building on the work done this year to deliver better results in 2016."

Though Maldonado has endured mixed fortunes since joining Lotus and has only scored on four occasions over the last three seasons, Lotus team principal Gerard Lopez is confident he has the speed to turn his form ar𝓡ound.

"It's a positive for the future of Lotus F1 Team that we are able to confirm publically that Pastor remains with us for next season," he said. Everyone at Enಞstone will testify that Pastor is a terrific person𒈔 to work with and we all know the performances he is capable of on track.

"Pastor joined us with a multi-year deal so this confirmation is a reiteration of our belief in him. We hope to be able to maꦗke further positive announcements r🗹egarding the team in the near future."

The deal could be seen as a precursor to the confirmation that Renault will indeed assume control of the Enstone-based team for the 2016 season, with many speculating the deal was confirmed behind closed doors this w𒈔eekend.

However, in turn sourc♛es say it is almost certain that his current team-mate Romain Grosjean will switch to Haas for next year.