Autoblog

UPDATE: Official press release from Renault confirming Alonso's return can be read after the jump.

Emerging reports confirm that Fernando Alonso has signed a two-year contract with the Renault F1 Team, with which he won a pair of world titles before defecting to a tumultuous and disappointing year with McLaren.

The contract, according to Spanish newspaper El Mundo, will make Alonso one of the top-paid drivers currently in F1 at a staggering $50 million per season (According to the Wikipedia, Kimi Räikkönen makes $51 million/year). The deal is also reported to include minimal obligations towards Renault's sponsors, an exit clause should Alonso wish to terminate early, and clear, defined #1 status for Alonso over his team-mate.

That role, according to the reports, is set to be taken up by Nelson Piquet, Jr., who will be filling the #2 spot at Renault. The news subsequently leaves current drivers Giancarlo Fisichella and Heikki Kovalainen without confirmed rides for next season, fuelling speculation that Kovalainen could take up Alonso's now-vacant seat at McLaren, especially since news broke of Nico Rosberg's renewal at Williams.

The official announcement from Renault is anticipated shortly, and Alonso is expected to begin testing next year's Renault car at his native Spain's Valencia test track late in January.

[Source: F1-Live.com]

It's better than Lee Iacocca saying something like "fo shizzle." Chrysler has joined up with Nickelodeon to shill their newly revamped minivans. With the addition of Sirius TV to beam content off the birds and into the backseat, it makes perfect sense for the two to team up. I'd rather interact with our child, but some parents just need a break from their little monsters, and video screens in the back seem to shut them up for a while. Cartoon characters have been used to sell cars before; even the Peanuts gang promoted Ford Falcons back in the '60s. Perhaps there will be some kind of Joe Camel effect, and the kids will specifically request that mom and pop take a ride at the Chrysler dealer when it's time for a new Wagon Queen Family Truckster. The new Chrysler minis are cool, with their video systems, flexible swivelly seats and if patriotism appeals to you, they're the last US brand in the game.

[Source: Kicking Tires]