Officials from the Indy Racing League announced on Thursday that Izod, a clothing division of Phillips-Van Heusen Corporation, will serve as the IndyCar Series' title sponsor, beginning in 2010.

In an effort to cut costs, Toyota Motor Corporation announced Wednesday it was going to pull out of Formula One racing at the conclusion of this season.

The Williams Formula One team named their driver lineup for the 2010 season on Monday, with Rubens Barrichello and Nico Hulkenberg replacing Kazuki Nakajima and Nico Rosberg.

Sebastian Vettel concluded the 2009 Formula One season with a convincing victory in the first Abu Dhabi Grand Prix, while his teammate Mark Webber finished second to give Red Bull Racing a 1-2 finish at the newly-built Yas Marina Circuit.

Lewis Hamilton claimed the pole for the inaugural Abu Dhabi Grand Prix after topping Red Bull drivers Sebastian Vettel and Mark Webber in the closing seconds of Saturday's qualifying at the newly-built Yas Marina Circuit.

While the Abu Dhabi GP should be entertaining, the F1 driver championship and constructors' title have already been wrapped up. Jenson Button won his first world championship with a fifth-place finish two weeks ago in the Brazilian Grand Prix. Brawn GP also clinched the constructors' title in Brazil.