Leclerc joins Ericsson at Sauber for 2018

Sauber unveils concept 2018 Alfa Romeo livery

Sauber reveals Alfa Romeo livery design

Meanwhile, in terms of drivers, the Swiss team are retaining the services of Marcus Ericsson, but are replacing Pascal Wehrlein with the services of Charles Leclerc.

Sauber has unveiled its concept livery for the 2018 Formula 1 season, in the wake of its collaboration with FCA brand Alfa Romeo.

Even before he put his teenage years behind him back in October, he had always been the favorite to get this ride, and now it's official.

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Leclerc is a current member of the Ferrari Driver Academy, and he is widely considered one of the future stars of Formula One.

Marchionne added that the partnership would also strengthen his hand in talks with Formula One about the sport's future and warned that the deal could end in 2021 if Ferrari chose to walk away as they have threatened.

Ferrari's late founder Enzo also started out racing and managing a team for Alfa Romeo, before setting up on his own in the late 1930s.

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The significance of Alfa Romeo's return to the sport was highlighted by the presence of F1 chairman Chase Carey and FIA president Jean Todt.

Former champions Williams are the only remaining team with a vacancy. "But Mr. Marchionne is not the most patient so we have to speed things up".

"It has a Ferrari engine and in Leclerc and Ericsson two drivers with exceptional talent", he said. He first tested with Sauber's engine suppliers Ferrari in 2016, as well as participating in four F1 Friday practice sessions with the Ferrari-powered Haas squad.

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