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Maldonado loses Formula One drive at Renault

Venezuelan Pastor Maldonado announced on Monday he had lost his Formula One drive, with the seat at Renault-owned Lotus now looking certain to be taken by Denmark's Kevin Magnussen. "Today, with great humility, I tell you that I will not be on the Formula One starting grid for the 2016 season," he told his 710 000 followers in a statement on his Twitter account. Renault are due to present their team line-up at a news conference in Paris on Wednesday. Media reports said Magnussen, who raced for McLaren in 2014 before being released last year, had signed a contract to replace Maldonado after problems with the Venezuelan's sponsorship money from state oil company PDVSA....
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