Toyota poised to quit Formula 1

Wednesday 4th November, 2009 - 12:31pm


Toyota look set to withdraw from Formula 1

Toyota look set to withdraw from Formula 1

Toyota will announce shortly that it will withdraw from Formula 1, effective immediately, according to Japan’s Mainichi newspaper.

The reported withdrawal of the car giant comes as the auto industry begins to stabilise in the wake of the financial crisis.

Toyota, the world’s biggest carmaker, has failed to win a Formula 1 race in its eight-year stay in the sport.

If it’s announced that Toyota will pull out of the sport, it will leave just three manufacturers as F1 entrants – Ferrari, Mercedes and Renault.

It would also allow the Swiss owners of BMW Sauber (Qadbank) to enter the F1 next year as the 13th team. BMW confirmed earlier this year that it was leaving the sport.

Toyota committed to F1 recently when it signed the Concorde Agreement, which effectively locked it into the sport until 2012, so withdrawing could also spell legal ramifications of the Japanese giant.

Toyota is the only remaining Japanese team in F1 after Honda withdrew at the start of this season, and Honda’s sister team Super Aguri dropped out in mid-2008. comment policy reserves the right to deny any post that is abusive or offtopic. Users are encouraged to flag/report comments which should be removed.

Some comments may require approval before being published which can take up to 48 hours.

For support, please contact [email protected]

Comments are closed. has been established to provide a daily motorsport news service to the industry and fans in Australia and internationally.

Read the promise

Subscribe to our daily newsletter, the best way to get your news first, fast, and free!