Diabytes
Romain Grosjean News
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Team Haas driver, Romain Grosjean, crashed through the safety barrier on the opening lap of the Bahrain GP, bringing the race to a halt.
The driver is in a stable condition and has suffered minor burns along with a suspected broken rib.
Lewis Hamilton, who had started the race from the pole position, was leading the race before it was brought to a stop.
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Magnussen, 26, already had a contract for 2020 while 33-year-old Grosjean had faced an uncertain future at the US-owned outfit.
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Under the new rule, Pirelli would now provide three dry-weather compounds instead of two.
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The news was entirely expected and seen as Formula One`s worst-kept secret.
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Briton Jolyon Palmer will drive for Formula 1 team Lotus in 2016.
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The troubled Lotus Formula One team were locked out of their paddock hospitality at the Japanese Grand Prix on Thursday while freight, including engines, was also held up by payment problems.
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