Joined Feb 2007
6K Posts | 58+
Rovrum S,Yorks Eng
Sky news just said confirmed Toyota out of F1.that leaves the sport without any japanese manafactures in F1.I can see more pulling out with Toyota.Bridgestone.BMW the most recent to announce there quitting F1.
Troubled Toyota set to quit Formula One
Toyota, the world's largest car maker, is set to drop a bombshell on Formula One by announcing that it is to quit the sport immediately.
The company's board has met in Tokyo and, despite feverish 11th-hour talks, it is understood the decision had already been made to pull the plug on its big-spending, Cologne-based team.
Despite having one of the largest budgets in Formula One, Toyota F1 have not won a race since making their debut in 2002.
They spent £270 million during the 2008 season at a cost of roughly £4.9 million per point and again fell short of Toyota's expectations in 2009, which included winning a grand prix for the first time and finishing third in the constructors' championship.
Bernie Ecclestone, Formula One's commercial rights holder, told Telegraph Sport on Tuesday night that he "doubted" the Japanese car manufacturer would break the terms of the new Concorde Agreement it signed this summer, which theoretically binds it to the sport until 2012.
Troubled Toyota set to quit Formula One
Toyota, the world's largest car maker, is set to drop a bombshell on Formula One by announcing that it is to quit the sport immediately.
The company's board has met in Tokyo and, despite feverish 11th-hour talks, it is understood the decision had already been made to pull the plug on its big-spending, Cologne-based team.
Despite having one of the largest budgets in Formula One, Toyota F1 have not won a race since making their debut in 2002.
They spent £270 million during the 2008 season at a cost of roughly £4.9 million per point and again fell short of Toyota's expectations in 2009, which included winning a grand prix for the first time and finishing third in the constructors' championship.
Bernie Ecclestone, Formula One's commercial rights holder, told Telegraph Sport on Tuesday night that he "doubted" the Japanese car manufacturer would break the terms of the new Concorde Agreement it signed this summer, which theoretically binds it to the sport until 2012.