Maldonado made the announcement via a press release and did not specify the reasons behind his retirement. However, it is thought to be due to the bad
results he accumulated in 2015.
Aboard the E23 open-wheel car with the Lotus shield, the Venezuelan only reached 27 points and achieved just six top starting positions out of 19 races.
"Today, in all humility, I inform you that I will not be on the F1 start line in 2016," said Maldonado.
"I would like to thank everyone who helped make my dream of representing Venezuela in Formula One come true," added the driver, who had participated in
the Karting World Championship, Formula Renault 2000, Formula 3000, World
Series, GP2 Series and F1.
He made his F1 debut under the Williams shield in 2011.
In the 2012 season, the Venezuelan achieved his biggest dream when he won a race in F1 in the Spanish Grand Prix. "That day I flew my flag from the highest
point on the podium," Maldonado wrote in the press release.
In 2013, the Venezuelan joined the Team Lotus and he stayed with them until his retirement.
The driver assured he would announce his future plans in the coming days.
Edison Freed
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CHICAGO, Sept. 1 (Xinhua) -- The big three American automakers-- Ford and Fiat Chrysler Automobiles (FCA) reported sales declinein August, while General
Motors (GM) saw an increase compared tothe previous year, according to official
data released onFriday.
GM said its sales jumped 7.5 percent to 275,552. Data shows itssales of small SUVs like the Chevrolet Equinox jumped 47 percentfor the month. GM also said its
sales to rental car fleets rose 29percent to 7,600 vehicles, which is an
anomaly.
"We had a very strong month, but GM's focus is on the unfoldingcrisis in Texas and what we can do to help our customers,employees, dealers and everyone
else impacted by the flooding."said Kurt McNeil, U.S. vice President of Sales
Operations.
Ford said its sales fell 2.1 percent to 209,897. Ford sold morethan 77,000 F-Series pickups in August, a 15 percent gain over lastAugust. But its SUV and
car sales were down.
"We continue to see customers choosing high trim-level F-Seriestrucks for super duty and with new 2018 F-150 orders," Mark LaNeve,Ford vice president,
said in a news release. "We are seeing highdemand overall for our F-Series
lineup this year, outpacingfull-size truck segment growth 2 to 1 with a 15
percent increasefor August."
FCA's sales fell 11 percent to 176,033. Sales of some individualmodels, like the Jeep Grand Cherokee SUV and Dodge Caravan minivam,saw strong growth, but
sales of the company's best-seller, the Rampickup, dropped 7 percent.
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