The Spanish rider joined Yamaha in 2008, achieving fourth place in his first season and claiming the Rookie of the Year title. He was then second in 2009, went on to become MotoGP World Champion in 2010 and was second again in 2011.
According to Lorenzo, "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. 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!”
Lorenzo currently leads the 2012 MotoGP Championship by 20 points having taken three victories from the first five completed races of the 18 race series.