After Honda, Toyota is the second major Japanese car manufacturer who's decided to leave F1. We guess it's all about making hybrids and electric cars now...
Toyota Motor Corp. has announced its plans to withdraw from the FIA Formula 1 world championship at the end of the 2009 season. This move reflects ‘current severe economic realities,’ says TMC.
Starting in 2002, Toyota raced in F1 for eight seasons, competing in 141 F1 races but taking only 13 podium finishes. Despite having an annual budget of around US$300 million, Toyota's F1 team could never manage to win a race between 2002-2009.
‘We will rethink our motorsports activities while addressing economic realities. And we will take what we have learnt on the racetrack and put it to work in ever better vehicles that are aimed at meeting the highest of expectations,’ said Akio Toyoda, President - Toyota Motor Corporation.
0 Comments:
Post a Comment