Sports Mole rounds up all of the latest news regarding Formula 1 on Wednesday, January 8.

Wednesday morning's headlines:

Magnussen says managing Instagram account 'boring'
Kevin Magnussen has revealed he has stepped back from personally managing his Instagram account. Read more.

Verstappen news doesn't change driver market - Salo
Former F1 driver Mika Salo has backed Max Verstappen's decision to commit to Red Bull for the next four seasons. Read more.

Red Bull could be top team in 2020 - Montezemolo
Red Bull-Honda could be poised to break through and push for the 2020 world championship. Read more.

New Verstappen deal agreed 'quickly' - manager
Max Verstappen's co-manager says the new contract with Red Bull was negotiated "fairly quickly". Read more.

Dutch GP boss thinks Mercedes could quit F1
Former F1 driver Jan Lammers thinks it is possible that Mercedes will quit the sport. Read more.

No talks about 2021 contract yet - Ricciardo
Daniel Ricciardo has played down the chances that he will be the next top driver to quickly sign up beyond 2020. Read more.

Marko was 'worried' about losing Verstappen
Dr Helmut Marko admits he was "very worried" that Max Verstappen could quit Red Bull and switch to Mercedes for 2021. Read more.

F1 'monitoring' Australian bushfires
Formula 1 is "monitoring the situation" in Australia as bushfires ravage the country that is slated to kick off the new season in March. Read more.

Ferrari not rushing to decide Vettel's future
Ferrari is in no rush to complete its driver lineup for 2021. Read more.

Marko to discuss new Honda deal 'soon'
With Max Verstappen now signed up through 2023, Dr Helmut Marko's next step will be to keep Honda at Red Bull for the future. Read more.

The key questions answered as Max Verstappen commits future to Red Bull
The Dutchman has agreed a new deal with Red Bull, keeping him with the team until 2023. Read more.

Max Verstappen signs new Red Bull deal to 2023
The Dutchman's deal was due to expire this year. Read more.

Max Verstappen pens new Red Bull deal to 2023
The Dutchman's contract was due to expire this year. Read more.

Jamie Chadwick to continue as Williams development driver in 2020
The W Series champion has been retained by the British team for another season. Read more.