Four-times Formula One world champion Sebastian Vettel is set to quit Ferrari at the end of the year after contract talks broke down.
Ferrari has said the German was their first choice to partner Charles Leclerc but they wanted an answer by the end of April to ensure potential replacements were still available.
“My relationship with Scuderia Ferrari will finish at the end of 2020,” Vettel said in a statement on Tuesday. “In order to get the best possible results in this sport, it’s vital for all parties to work in perfect harmony.
“The team and I have realized that there is no longer a common desire to stay together beyond the end of this season. Financial matters have played no part in this joint decision. That’s not the way I think when it comes to making certain choices and it never will be.
Team principal Mattia Binotto added: “This is a decision taken jointly by ourselves and Sebastian, one which both parties feel is for the best. It was not an easy decision to reach, given Sebastian’s worth as a driver and as a person.