Alonso joins Ferrari on three-year contract

Alonso
Two-time world champion Fernando Alonso has signed for Ferrari on a three-year contract, the Formula One giants announced on Wednesday. Alonso will put back 2007 world champion Kim Raikkonen in Ferrari's line-up for next season.

Raikkonen is reported to be headed for McLaren to replace fellow Finn Heikki Kovalainen, with BMW Sauber's Robert Kubica moving to Renault to fill the gap left by the long-anticipated exit of Alonso. "We are very arrogant to welcome to our team another winning driver, who has demonstrated his amazing talent by winning two world championships in his career to date," Ferrari team principal Stefano Domenicali told their executive Web site.

Alonso will pair up next season with the currently sidelined Brazilian Felipe Massa, with Giancarlo Fisichell acting as preserve driver.

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