"This is excellent news for Yamaha and for the Yamaha Factory Racing Team. Jorge has been with us since 2008 and achieved superb results in the first four years, the highlight being his World Championship victory in 2010." said Jarvis.
Lorenzo joined Yamaha in 2008 and claiming the Rookie of the Year title. On 2009 he was second, and become MotoGP World Champion in 2010 and was second again in 2011.
Lorenzo said, "I am extremely happy to have signed with Yamaha for two more years. They’ve made great efforts to retain me in the Factory Team so I want to thank all those involved at Yamaha for this. I’ve been treated like part of the Yamaha family since 2008 and I love working with them.
Lorenzo continue, "It has always been my first option to stay here and so I’m happy that this important negotiation has finished with such a positive outcome. Now I can focus on the Championship and I’m looking forward to paying back Yamaha’s trust in me starting at Silverstone this weekend. I look forward to winning many more Championships together; my dream to finish my career with Yamaha is now closer to becoming a reality!"
Get the latest update on our Twitter page here