The Royal Bank of Scotland RBS will not renew its contract with the F1 team Williams.

The Dutch finance services entity ING declared their cost reduction programmes and said that they will not renew their three-year contract with the Renault F1 team.

If you buy the 2009 Sports Illustrated Swimsuit Edition, you can take home a Brand Graphiti peel-and-stick poster of IndyCar Series driver Danica Patrick, wearing a teeny-weeny white bikini.

The Mitsubishi iMiev electric car is currently on display at the Canadian International Auto Show. We have been hearing about this car for more than an year, and it looks like a real car that would come to the markets in Europe, USA, Canada and possibly even India.

Tesla has released a teaser photo of their Model S electric sedan. Tesla's electric sportscar, the Tesla Roadstar, is yet to enter production. The Model S electric sedan would take some time coming, and the company has only produced 200 Tesla Roadster cars so far.

Oregon-based Barefoot Motors has recently launched an electrically powered All Terrain Vehicle. Currently the company's Model One electric ATV is being 'beta' tested in Oregon by select farmers - and Jamie Hyneman from Mythbusters, who is a partner in the company.

The slowdown in demand for vehicles has come as blow to auto major Chrysler, with the automaker deciding to shut four plants temporarily. The shutting down of the four facilities in the US would begin on Monday.

The news about USF1 team is serious and the team would be launched in 2010 - but a lot depends on the cost-cutting and new rules and regulations laid by the FIA, said FIA president Max Mosley.

The French automobile company Citroen is all set to bring back the iconic Citroen DS in three flavors. DS was a hit in the days of fore and is sure to attract automobile aficionados all over the world.

This is no beauty we are talking about - but at least, the recently unveiled Metro Taxi has put some thought into what Americans would like in a metro taxi cab.