
Kamui Kobayashi is handed one of the two drives with the newly-formed Sauber team for the 2010 Formula One season.
Renault Formula One team president Bernard Rey has announced the constructor will remain in Formula One next season after they agreed a deal secure the team's future.
Sir Richard Branson confirms in a London press conference that he is taking over the newly-formed Manor GP team, which will be re-branded Virgin Racing for the 2010 Formula One season.