Toyota confirms immediate F1 withdrawal

Wednesday 04, 11:27

Toyota Motor Corporation confirmed officially on Wednesday its decision to pull out of formula one with immediate effect.

It was a decision expected by most, as Toyota have failed to deliver strong results for the amounts of money invested into the sport.

"Based on the current economic environment, we realise we have no choice but to withdraw," said the Japanese carmaker's president Akio Toyoda at a news conference in Tokyo.

Read the full statement from the Toyota Motor Company here »

 

Image courtesy of Toyota | (GMM)



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