The Williams F1 team insist that their future in the sport will be "positive", despite having to cope with the eventual loss of another of their major sponsors, after RBS confirmed that they would be leaving the sport at the end of the 2010 season.

After a long and virtually excitement-free winter of rumour, conjecture and very few solid offers, it looks like TAFKAHonda have finally found a way to make it on the grid in 2009, namely by securing a buyout funded by, um, Honda.

The BBC have finalised their plans for their coverage of Formula One from the start of the 2009 season, and poke us in the eye with a cocktail stick of cynicism if we're wrong, but it all sounds a bit promising. Oh yes, and The Chain will be back.

After a quiet spell designed to help people's retinas recover, the latest car launch took place today, and saw the RB5 break cover at the Jerez circuit ahead of this week's test session at the track. Readers of a nervous disposition, look away now.

Scuderia Toro Rosso have tied up their driver line up for 2009 by confirming that underwhelming Frenchman Sebastien Bourdais will stay with the squad for next season to partner Sebastian Buemi. The sound you can hear is Takuma Sato crying.

Costs are to be slashed further than ever before with an FIA plan to make F1 even more cost-effective by 2010. These build on limits imposed in 2009, and if introduced would cut budgets to around 50 million Euros, which isn't very much at all.

The FIAs head honcho Max Mosley has dropped a whopper of a hint to the press that he'll be running for re-election for another bundle of years as FIA president. It's really less of a hint and more of a giant sign in 300 font saying precisely what he'll be doing.

The beleaguered and dwindling F1 grid looks set to receive a much needed boost in the 2010 season with the introduction of a brand new team of backmarkers from the good old US of A, with a team tentatively, and rather unimaginatively, titled "USF1".