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Old 11-05-2009, 02:48 AM   #1
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Toyota exits F1

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Toyota has confirmed that they are to leave Formula One with immediate effect. With a team based in Cologne, Germany, the Japanese car maker entered the sport at the beginning of 2002, but in eight seasons and 139 starts failed to win a race.

Amid the slump in new car sales, the carmaker has forecast a multi-billion yen loss for the current financial year. Toyota's Japanese peer Honda pulled out of F1 at the end of last year, and the Japanese tyre supplier Bridgestone will leave the sport at the end of its contract in 2010.

“Toyota Motor Corporation, 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,” read a statement.

“However, when considering TMC's motorsports activities next year and beyond from a comprehensive midterm viewpoint reflecting the current severe economic realities, TMC decided to withdraw from F1.

“TMC also wants to express its heartfelt gratitude to all Panasonic Toyota Racing drivers to date and to all Toyota Motorsport GmbH employees who have helped make the team's achievements possible. TMC intends to do its best to find a solution for those parties who will be affected by any inconvenience this decision may cause.”

E.A. © CAPSIS International
Source: GMM

Looks like Toyota's in pretty bad shape. Bridgestone and Honda are leaving/have left already. Japan's automakers are in a huge slump nowadays.
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Old 11-05-2009, 06:41 AM   #2
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Old 11-05-2009, 08:35 AM   #3
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I'd guess that sudden acceleration in pit-stop can be a serious cockblocker
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Old 11-05-2009, 10:43 AM   #4
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Now , if only they would leave the usa.
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Old 11-05-2009, 10:44 AM   #5
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toyota sucks
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Old 11-05-2009, 10:51 AM   #6
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I'd guess that sudden acceleration in pit-stop can be a serious cockblocker


I wonder when they're going to get out of Nascar?
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Old 11-05-2009, 10:57 AM   #7
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I wonder when they're going to get out of Nascar?
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I hope tomorrow.
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Old 11-05-2009, 11:00 AM   #8
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Tony Stewart hated toyota so bad that he went and started his own team to get away from them. I have new respect for that man.
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Old 11-05-2009, 11:01 AM   #9
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I hope the whole F1 goes down the crapper. I used to love it back in the 90's and early 2000's. I slowly lost interest and haven't watched it for like five years now. I watched a race earlier this year and couldn't believe how shitty it was. Just look at the cars nowadays. urgh.
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Old 11-05-2009, 11:07 AM   #10
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Yen... lol
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Old 11-05-2009, 11:18 AM   #11
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I feel bad....oh, wait -- I don't. Ha!
Now if they would get out of Nascar.............
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Old 11-05-2009, 11:20 AM   #12
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Now if they would get out of Nascar.............
Why stop at nascar when the country would be even better.
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Old 11-05-2009, 11:34 AM   #13
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Tony Stewart hated toyota so bad that he went and started his own team to get away from them. I have new respect for that man.
Did anyone else notice that when he was being forced to represent Toyota that he was super fat and never shaved or cut his hair?

I too respect him for sticking with his brand and not selling out.
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Old 11-05-2009, 11:36 AM   #14
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Why stop at nascar when the country would be even better.
take nascar with them.
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Old 11-05-2009, 11:44 AM   #15
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take nascar with them.
I was a die hard nascar fan and they sucked the fun right out of it. now I just turn the radio on and listen if I'm in the garage. I fall asleep if I try to watch it.
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Old 11-05-2009, 11:53 AM   #16
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I was a die hard nascar fan and they sucked the fun right out of it. now I just turn the radio on and listen if I'm in the garage. I fall asleep if I try to watch it.
+1 watching grass grow has become slightly more exciting than NASCRAP especially after Dega last weekend. It has lost its lustre with all the rules and whiny drivers.
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Old 11-05-2009, 12:19 PM   #17
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I was a die hard nascar fan and they sucked the fun right out of it. now I just turn the radio on and listen if I'm in the garage. I fall asleep if I try to watch it.
i quit watching when Sr. died he was my childhood hero
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