Lewis Hamilton has won 82 of his 103 career race wins with Mercedes|Lewis Hamilton|Facebook
Seven-time Formula 1 world champion Lewis Hamilton is leaving his 12-year companion, Mercedes, to join rival Ferrari by 2025. He is departing the German F1 team before the end of his 2024 contract.
Hamilton hopes the switch will provide a new challenge and an opportunity to contend for another championship. It would also boost Ferrari’s mark in F1, as it has not won since 2007.
The 39-year-old Brit is one of the most successful drivers in the sport, and his sudden move sets a thrilling stage for the 2025 season, with various teams scrambling to secure the best drivers.
The decision is also seen as a response to Hamilton’s frustration with Mercedes’ recent struggles and the dominance of Red Bull and Max Verstappen.
Ferrari’s stock price jumped more than 12% on the news of Hamilton’s move, boosting its market capitalization by around $10 billion.