Sergio Perez will be replaced next season at Racing Point by Sebastian Vettel.
Formula 1 2020: Pierre Gasly races to stunning victory at Italian GP as Lewis Hamilton handed penalty
Pierre Gasly finished 0.415 seconds ahead of McLaren driver Carlos Sainz and 3.358 ahead of Racing Point's Lance Stroll on a surreal-looking podium.
Formula 1 2020: Eight drivers summoned by stewards over Lewis Hamilton near-miss during Italian GP practice
As a result of the incident, when Hamilton changed direction at around 300 kph, he was summoned along with Nicholas Latifi, Romain Grosjean, Sergio Perez, Pierre Gasly, Lance Stroll, Alex Albon and Carlos Sainz to explain what happened.
Speaking ahead of this weekend's Belgian Grand Prix, Perez told reporters that he believed his contract will be honoured and that no other driver could have extracted more speed or performance from his car this year.
It was the world championship leader and six-time champion's fifth win in Spain and his fourth in consecutive years, extending his record run of finishes in the points to 39.
Formula 1 2020: Lance Stroll quickest at 2nd British Grand Prix practice; Sebastian Vettel struggles
Lance Stroll's unexpected teammate Nico Hulkenberg was seventh after filling in at the last minute for Sergio Perez.
Confirming talks with Racing Point, Vettel said: “At this stage everything is still open: driving next year, not driving, maybe coming back (or) doing something different."
According to the media report, Sebastian Vettel is expected to replace Sergio Perez, who currently races for Racing Point and has a lengthy contract with the team.
Formula 1 2019: Renault's Daniel Ricciardo, Nico Hulkenberg disqualified from Japanese Grand Prix for breaching regulations over brakes
Renault drivers Daniel Ricciardo and Nico Hulkenberg were disqualified from the Japanese Grand Prix on Wednesday after their team was punished for breaching regulations over brakes, the governing body FIA announced.
Formula 1 2019: Red Bull's Max Verstappen wins rain-lashed German Grand Prix as Mercedes endure torrid outing
Hamilton eventually finished 11th after making six pit-stops as he missed out on a points finish for the first time in 23 races while Verstappen continued his rich streak of consistency
Formula 1 2019: From Mercedes' continuing dominance to mature Max Verstappen, talking points from a boring Spanish GP
Here are the biggest takeaways from the Spanish Grand Prix, where Mercedes again completed a one-two.
Force India renamed as to Racing Point F1 after 11 years of competing; Sergio Perez, Lance Stroll to race for team in 2019
The team, who became Force India in 2008 after Vijay Mallya bought Spyker F1, were taken over in August by Lawrence Stroll after going into administration.
Formula One 2018 talking points: Lewis Hamilton's sensational season, Fernando Alonso bids goodbye and more
It took five years for the hybrid-turbo era of Formula 1 to deliver a spectacular season and 2018 made the cut on all counts. Here are some key moments that defined the season that was
Abu Dhabi Grand Prix: Force India's Esteban Ocon set to join Mercedes as test and reserve driver in 2019
Esteban Ocon's move to Mercedes will add to the pressure on Valtteri Bottas, who has signed a one-year deal to continue as team-mate to five-time champion Lewis Hamilton next year.
Formula One podcast: Use of digital chequered flag in future, Lewis Hamilton eyes title in United States and more
Will Lewis Hamilton clinch his 5th World Championship title at this weekend’s United States Grand Prix? Will Donald Trump follow Vladimir Putin’s lead and attend the race at the Circuit of the Americas? Tune in to listen to the episode.
Formula One: 'Lies and lack of b***s' left Esteban Ocon out in cold, fumes Mercedes principal Toto Wolff
"Not all of the good kids are going to be in cars next year and Esteban will probably be one of them. He had two offers in July...Then he ended up without anything because people simply don't have the b***s to stick to what they say," Wolff said.
Formula One: From Sebastian Vettel surpassing Alain Prost's feat to dream debut for Force India, talking points from Belgian GP
Sebastian Vettel’s tally of career wins in Formula 1 is now 52 - overtaking Alain Prost's record of 51.
Formula One, Lance Stroll interview: When people criticise me, I just present facts, says the Williams driver
Williams' Lance Stroll bears the added burden of constantly performing to prove critics wrong. But amidst all the pressure and criticism, the 19-year-old tells Firstpost that he lets his results do the talking.
Formula One: Sergio Perez confident of Force India's participation in Belgian Grand Prix despite change in ownership
Sergio Perez, whose court action placed the team in administration last month, told reporters that he believed it will be "business as usual".
Formula One: Force India team put into administration but to continue to participate in Hungarian Grand Prix
Vijay Mallya’s Force India Formula One team has been put into administration after a court hearing in London on Friday, deputy principal Bob Fernley said.