Toyota Motor is to follow Honda and BMW out of Formula One racing to save costs as it braces for its second straight annual loss.

Toyota’s withdrawal deals a fresh blow to F1, which has been rocked by scandals, management disputes and an exodus of sponsors and car manufacturers amid the global economic downturn.

http://www.ft.com/cms/s/0/e0d87258-c8fa-11de-8f9d-00144feabdc0.html

What does this mean for the future of F1 with less and less factory backed teams and more independent teams?