British media reports have suggested the new deal could be worth up to 40 million pounds ($52 million) a year and is likely to make the four-time F1 champion the sport's top earner.
The movie star stars as a racing driver who steps out of retirement to compete alongside an up-and-coming rookie against the titans of the sport.
George Russell wins F1's Singapore GP as McLaren secures constructors' title
Formula One motor racing: Team prospects for 2018
Trying out the most powerful Mercedes-Benz E-Class of all time - the AMG E 63 S 4Matic+ -- at the Buddh International Circuit in Greater Noida, India's only Formula 1 track, is serious business, as P Tharyan finds out.
McLaren's Lando Norris hailed the best qualifying lap of his career after beating F1 leader Max Verstappen to pole position at the US Grand Prix.
World champion Max Verstappen took pole position for the Japanese Grand Prix on Saturday, stunning the McLarens with a late flying lap.
Mercedes brought intrigue to Formula One testing on Thursday with television images showing Lewis Hamilton moving his car's steering wheel forwards and backwards as he drove. The mechanism appeared to alter the alignment of the front wheels, with the six-times world champion pulling the wheel towards him on the straights and pushing it back as he approached corners.
Mercedes and tyre supplier Pirelli appear before Formula One's International Tribunal in Paris on Thursday to face charges that they broke Formula One testing regulations in Spain in May. A detailed look a the issues and potential outcomes.
Red Bull's triple world champion Max Verstappen followed up a Saturday sprint win with a statement pole position for Sunday's Austrian Grand Prix, with McLaren's Lando Norris again alongside on the front row.
Norris's teammate Oscar Piastri, who spun off and finished ninth in his home race last Sunday after starting on the front row and challenging for the lead, has another good chance to rev up his season.
The Briton made the comments in an interview to the BBC in reference to Formula 1 embracing new countries to hold races.
Michael Schumacher's Ferrari Formula One car that won the 2001 Monaco and Hungarian Grand Prix races was sold for $18.17 million, according to RM Sotheby's.
Lewis Hamilton smashed the Shanghai circuit lap record on his way to a stunning first sprint race pole for Ferrari in China on Friday.
Current boss Fred Vasseur and former principal at Mercedes Toto Wolff saw that as just Hamilton being Hamilton, with the former saying the Briton was frustrated and not demotivated.
Mercedes could appeal against Max Verstappen's Formula One championship victory despite stewards dismissing the team's post-race protests on Sunday.
It was the first time Verstappen, winner of a record 19 of 22 races last year, has won the first two races of a season. He has also won 19 of the last 20.
Lewis Hamilton's Mercedes suffered a rare mechanical failure on Friday as Formula One teams wrapped up pre-season testing in Barcelona with Ferrari back on top of the timesheets.
Triple Formula One world champion Lewis Hamilton blamed a rare 'off day' for an error-filled qualifying performance on Saturday at the Baku street circuit that hosts Azerbaijan's first grand prix.
Present rivalries and past collisions hang over Red Bull's home Austrian Grand Prix as Formula One braces for the next round of Max Verstappen v George Russell and more title-chasing drama at McLaren.
McLaren's Lando Norris took an emphatic pole position at the Sao Paulo Grand Prix on Sunday after Red Bull rival Max Verstappen qualified only 17th in a wet and crash-strewn session at Interlagos.
Lando Norris won the season-ending Abu Dhabi Grand Prix on Sunday to deliver McLaren's first Formula One constructors' title since 1998
Mercedes F1 GP's Nico Rosberg won his first Formula One Championship after finishing 2nd in the tight race at the Yas Marina Circuit in Abu Dhabi on Sunday.
Formula One stewards rejected on Friday a Red Bull protest against a new steering system used by champions Mercedes in practice for the season-opening Austrian Grand Prix.
Mercedes opened their Formula One season by dominating practice at the Australian Grand Prix on Friday, with Nico Rosberg edging his world champion team mate Lewis Hamilton in both sessions at Albert Park.
Lando Norris completed a Hungarian Grand Prix practice double on Friday as runaway leaders McLaren dominated both sessions while leaving something in reserve and almost colliding at the end.
Lewis Hamilton has signed a new contract with Mercedes and will continue to partner compatriot George Russell in 2024 and 2025, the team said on Thursday.
Red Bull's Max Verstappen dealt Lando Norris a shattering blow in their Formula One title battle by winning a wet and chaotic Sao Paulo Grand Prix from 17th on the grid.
Rosberg and triple world champion Lewis Hamilton shared testing duties on Tuesday, with the Briton taking over in the afternoon for a race simulation. Together, they did 169 laps without a hitch
Leclerc brought out the red flags when he hit the wall at the second chicane with 45 minutes remaining, causing extensive damage to his Ferrari.
The final phase of qualifying was halted, with only Piastri and Haas' Nico Hulkenberg having set times, when Sainz slammed backwards into the barriers at the final corner as he prepared to start his flying lap.
Oscar Piastri won the Dutch Grand Prix to take a mighty 34 point lead in the Formula One championship on Sunday as McLaren teammate and title rival Lando Norris saw his hopes go up in smoke.
'The most important thing, I think, is really about finishing races and analysing and making sure you get as many race points as you can, of course'
Ferrari were the fastest in pre-season testing, raising suspicions that their new SF70H car has closed the chasm between Mercedes and the rest.
Formula One will have a record 24 races in the season that starts in Bahrain on Saturday.
Seven-times World champion Lewis Hamilton, Formula One's most successful driver of all time, will race for Ferrari from 2025.
The 40-year-old, who won six of his world championships at Mercedes, also unveiled a new bright yellow helmet, as he continues his first official week at Ferrari which began at the team's headquarters on Monday.
George Russell led Lewis Hamilton in a Mercedes front-row lockout in qualifying for the British Grand Prix on Saturday with McLaren's Lando Norris completing a rare one-two-three of home drivers.
George Russell put his Mercedes on pole position in Canada for the second year in a row on Saturday with Red Bull rival Max Verstappen alongside on the front row.
Russell fastest in first Austrian GP practice as Dunne shines
