Nov 4, 2009 9:03:58 AM
- palenimbus
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- Loc: Baden-Württemberg, Germany
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- Registered on: Jul 6, 2004
Toyota set to quit Formula One
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?