Renault retain Alonso and Pique

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Nelson Piquet has currently only signed for one further season.

Former world champion Alonso, who won in Singapore and Japan this year, said: "After a difficult start to the season we have overcome our difficulties and constantly improved our performances. My back-to-back wins in Singapore and Japan, and my recent second-place finish in Brazil, have proved how competitive we can be."

He added: "In the past we have won championships together, as well as going through tough moments, but we are now determined to show that we can repeat that success together in the coming seasons."

Alonso had been linked with Ferrari and BMW, and heavily courted by Honda, before agreeing his extended deal with the marque with whom he won the world title in 2005 and 2006.

"I have decided to stay with the ING Renault F1 team because, as I have often repeated this season, they have always been my first choice and I feel very happy and comfortable with them," Alonso said on www.autosport.com.

"It's a very close-knit team with a competitive and winning mentality, and also a relaxed and warm attitude, which suits me perfectly."

Piquet's future at Renault had been in doubt after he struggled for much of his rookie season, particularly in qualifying, but his form improved towards the end of the year, highlighted by a strong drive from 11th on the grid to fourth in Japan.

"Obviously I am delighted to have the opportunity to race for Renault for a second year," he said.

"Although I have had a tough year, I have learned a lot from my rookie season and I will aim to put that experience to good use next season. I want to thank the team for their support this year and for the trust they have shown in me for the future."