The Renault F1 team will lose their ING sponsorship after the end of the 2009 season.

Renault F1 Team Managing Director, Flavio Briatore said: “During the past three years, the Team and ING have enjoyed a rewarding and successful relationship.

“Drastic cost reductions are one of the first priorities and with the ongoing programme of measures we are confident we can guarantee a solid future for our team and for Formula One.”