June 07, 2010

Australian Mark Webber has extended his contract with the Red Bull team until 2011, ending speculation that he would sign with Ferrari.

"It was an easy decision to remain with Red Bull Racing," the 33-year-old world championship leader said.

"We began talking very early this year and were in a position to sign by the Barcelona Grand Prix."

Webber added: "It's widely known that I'm not interested in hanging around in Formula One just for the sake of it and at this stage of my career I'm happy to take one year at a time.

"I continue to feel very comfortable here - I have a fantastic relationship with the whole team and the factory at Milton Keynes feels like home.

"It's incredible to be part of the team as it's moved forward from a mid-field competitor to one that is challenging for the championship.

"I hope we experience more success together in the future and achieve our ultimate goal of winning the world championship."

Red Bull's second driver Sebastian Vettel will also be under contract with the team until next year.

Red Bull are currently second in the constructor's standings behind McLaren.