Sauber F1 Team's Swedish Marcus Ericsson listens to questions during a press conference at Hermanos Rodriguez racetrack in Mexico City, on October 27, 2016. Mexico will hold its Formula 1 Grand Prix on October 30. / AFP / Pedro Pardo (Photo credit should read PEDRO PARDO/AFP/Getty Images)

After weeks of speculation regarding his future in the pinnacle of Motorsports, Marcus Ericsson has finally been confirmed for another season with the Sauber F1 Team.

Confirming the news today, Sauber F1 boss Monisha Kaltenborn stated that during the 2016 season Marcus has showed how willing he is to go that extra mile in order to make progress. He has been through some very tough times with the team over the past two seasons, but he handled those times with dignity.

Ericsson, 26, is thrilled to be staying with the team for a third season where he is hoping that together they can climb up the leaderboard and secure more strong point finishes…

“It is great news that I will be racing for another year for the Sauber F1 Team. I have spent two years with Sauber now, and I really feel at home. A big thanks to everyone within the team for trusting in me again. From a personal point of view, I have developed a lot as a driver during my time at Sauber,” he said.

“We have had ups and downs, but we always stick together and work as hard as we can. Since the new ownership, there has been a positive push in the team, so it will also be exciting to go into this new era. Many motorsport experts are becoming part of Sauber, which is a good sign for the future.”

“ For 2017 my aim is to build on my performance from the second half of this season, and to continue working hard with the team. I cannot wait for the 2017 season, so that we can make our way up to the midfield with the objective to score points on a regular basis.”

The second driver for the Sauber F1 Team will be announced in due course.