Vettel and Newey sign new Red Bull deals

2010 Formula One World champion Sebastian Vettel and car designer Adrian Newey have committed their immediate futures to Red Bull Racing.

Sebastian Vettel became the youngest ever champion in the sports history last season when the German claimed his first World title, beating Ferrari's Fernando Alonso and team mate Mark Webber to the crown.

Vettel was originally contracted to the team until the end of the upcoming 2011 season, he did have an option for the 2012 season, however the new deal which has been signed will see him now remain with the team until the end of the 2014 campaign.

The new deal should end speculation linking him with moves to both Ferrari and Mercedes.

'It's good to have it done and tidied up prior to the beginning of the season - rumours had already started about other teams, We were keen to take away that distraction and concentrate on the racing.' Red Bull team boss Christian Horner told the BBC.

Another key agreement for Red Bull comes from reports by Autosport Magazine who have also reported that Red Bull car designer Adrian Newey, alongside other senior technical and management have also signed new deals for the same period, with Red Bull Racing planning to build their long-term future in Formula One.

Newey is very highly thought of in the Formula One paddock with the 52-year-old widely regarded as the best design engineer in Formula One.

His designs have won Formula One drivers titles for Williams, McLaren and last season Red Bull.

Horner added: 'Hopefully Red Bull will be the last team he works for in Formula One,'

With Red Bull clearly building for the future in Formula One, it probably speaks volumes that at this time there appears to be no plans to discuss a new contract with Australian driver Mark Webber.

Webber's current contract with the team ends at the end of the forthcoming season and Horner has already stated that his performances will be reviewed throughout the year.