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Toyota withdraws from Formula 1
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<blockquote data-quote="megatniza" data-source="post: 18148" data-attributes="member: 1043"><p>Both my cars manufacturers are out ....Which team to support now ? Cant foresee supporting F1 1Malaysia Lotus Team:listen: McLaren would be a dream team though - if Button moves there ... ---------------------------- Toyota has announced it is withdrawing from Formula 1 with immediate effect, becoming the third carmaker to quit the sport in less than 12 months.Following months of rumours about the Japanese manufacturer’s future, the F1 team’s parent company the Toyota Motor Corporation revealed following a board meeting on Wednesday that it had taken the decision to pull out of the sport following eight seasons without a win.In its statement announcing the move, Toyota said that while it had remained determined to compete in F1 in the face of the worldwide recession that started towards the end of last year, it had now revised its position with the F1 spend not fitting into its mid-term business plans.“Toyota Motor Corporation (TMC) announces it plans to withdraw from the FIA Formula One World Championship (F1) at the end of the 2009 season,” the Toyota statement said.“TMC, which had viewed its participation in F1 as contributing to the prosperity of automotive culture, remained dedicated to competing at the pinnacle of motor sports, even in the face of the abrupt economic changes that started last year. MpuADCall('SPORT.FORMULA1.NEWS');on error resume next if (plugin</p></blockquote><p></p>
[QUOTE="megatniza, post: 18148, member: 1043"] Both my cars manufacturers are out ....Which team to support now ? Cant foresee supporting F1 1Malaysia Lotus Team:listen: McLaren would be a dream team though - if Button moves there ... ---------------------------- Toyota has announced it is withdrawing from Formula 1 with immediate effect, becoming the third carmaker to quit the sport in less than 12 months.Following months of rumours about the Japanese manufacturer’s future, the F1 team’s parent company the Toyota Motor Corporation revealed following a board meeting on Wednesday that it had taken the decision to pull out of the sport following eight seasons without a win.In its statement announcing the move, Toyota said that while it had remained determined to compete in F1 in the face of the worldwide recession that started towards the end of last year, it had now revised its position with the F1 spend not fitting into its mid-term business plans.“Toyota Motor Corporation (TMC) announces it plans to withdraw from the FIA Formula One World Championship (F1) at the end of the 2009 season,” the Toyota statement said.“TMC, which had viewed its participation in F1 as contributing to the prosperity of automotive culture, remained dedicated to competing at the pinnacle of motor sports, even in the face of the abrupt economic changes that started last year. MpuADCall('SPORT.FORMULA1.NEWS');on error resume next if (plugin [/QUOTE]
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