plans to pull out of Formula One racing, the Mainichi newspaper reported Wednesday. Toyota would follow Honda as the second major Japanese automaker to withdraw from the sport. Honda pulled out in December last year, citing a...
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Filed under: Motorsports , Toyota , Earnings/Financials Toyota GT-One - Click above for high-res image gallery As Toyota president Akio Toyoda announced the withdrawal of his company from the Formula One World Championship, he...
The world's largest automaker said it is looking to focus on its core business Ferrari, Mercedes and Renault will be the only remaining manufacturers in F1 TOKYO (AP) -- "Based on the current economic environment, we realize we...
Toyota’s exit from Formula One this week was as traumatic for the carmaker as it was for Japanese racing fans. Tadashi Yamashina, team manager, wept as the company announced that it was cutting its ties with the sport. You have...
The world's largest automaker said it is looking to focus on its core business Ferrari, Mercedes and Renault will be the only remaining manufacturers in F1 TOKYO (AP) -- "Based on the current economic environment, we realize we...
Japanese marque Toyota, one of the biggest carmakers in the world, withdrew from the sport of Formula One earlier this week. Over time their name has become a byword for financial profligacy and underachievement, but what does...
Toyota's John Howett says there is little chance of the Japanese firm selling its Formula 1 operation to a new owner. The former team chairman also ruled out emulating Ross Brawn and leading a buy-out of the squad. “I think...
LONDON: Formula One’s governing body has sought urgent clarification from Toyota about their departure from the sport. The International Automobile Federation (FIA) said in a statement that Toyota’s decision on Wednesday to...
LONDON: Formula One’s governing body has sought urgent clarification from Toyota about their departure from the sport. The International Automobile Federation (FIA) said in a statement that Toyota’s decision on Wednesday to...
Thu, 5 November, 2009FIA concerned by Toyota, Bridgestone exits Formula One's governing body, the FIA, says it is concerned at the spate of F1 exit announcements that came this week, as Toyota and Bridgestone confirmed plans to...
Thu, 5 November, 2009FOTA disappointed at surprise Toyota exit The Formula One Teams Association (FOTA) has expressed its disappointment at Toyota's shock exit from Formula One, which was announced in Japan on Wednesday....