Toyota Quits Formula One

[bwilson4web]

Toyota Quits Formula One as Series Returns to Less Lavish Past - Bloomberg.com

Nov. 4 (Bloomberg) -- Toyota Motor Corp. today became the third carmaker in a year to quit Formula One, removing one of the biggest spenders from the racing series as it reverts to a less lavish past, analysts said.

Toyota, pulling out to cut costs estimated at more than $500 million a year . . .

Somewhere, Top Gear is saying, "Great ... I think." Actually they don't but that doesn't matter. <grins>

Bob Wilson

[jburns]

Originally Posted by bwilson4web

Toyota Quits Formula One as Series Returns to Less Lavish Past - Bloomberg.com


Somewhere, Top Gear is saying, "Great ... I think." Actually they don't but that doesn't matter. <grins>

Bob Wilson

Toyota, pulling out to cut costs estimated at more than $500 million a year . . .


Equal to 20,000 Prius III

[Rybold]

Again???
Didn't they pull out a few months ago and then reconsider, announcing a reversal of their decision about three weeks ago? Am I confusing Toyota with a different auto manufacturer? I definitely know that someone said they were pulling out, only to announce later that they had reconsidered their decision. I thought it was Toyota.

...just out of curiosity: why is this posted in the "Prius and Hybrid News" forum?

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[bwilson4web]

Ok, this is weak but the reason for posting here:

. . . However, when considering TMC’s motor-sports activities next year and beyond from a comprehensive midterm viewpoint reflecting the current severe economic realities, TMC decided to withdraw from F1.
. . .

It means they won't be taking money from hybrid development to support the F1 team.

bob Wilson

[hill]

Originally Posted by bwilson4web

ok, this is weak but the reason for posting here:

It means they won't be taking money from hybrid development to support the f1 team.

Bob wilson

[Indyking]

Originally Posted by hill

Originally Posted by bwilson4web

Ok, this is weak but the reason for posting here:

It means they won't be taking money from hybrid development to support the F1 team.

bob Wilson

Quite frankly I can care less. These "less traditional teams" like Toyota come and go and they have little impact on the overall quality of the championship. They are just following the steps of Honda, which quit last year, and BMW is thinking about quitting too. As long as the traditional teams [like Ferrari, McLaren, Willians, Renault, and surprisingly Brawn GP (this year's champions)] remain, the F1 race will continue being the elite of automobilist. In fact, next year, the F1 race will have the highest numbers of competitors of the last 7 years despite of the global economic crisis.