Birmingham Post logo Birmingham Post 3 weeks ago

Automotive Business: Toyota pulls out of Formula One

Toyota has confirmed it will be pulling out of Formula One immediately for financial reasons. The announcement was made at a media conference in Tokyo by Toyota Motor Corporation president Akio Toyoda. Full Article at Birmingham Post

Related Topics:

  1. Formula One
  2. Honda
  3. General Motors

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    Toyota pulls out of Formula 1
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  3. Mirror.co.uk logo
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  4. Atlanta Journal Constitution Vendor logo
    Toyota pulling out of Formula One to cut costs
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Related Quotes

  1. Listen, it's very simple, Toyota are having a board meeting in Japan
    Bernie Ecclestone – Bernie Ecclestone SOURCE: The Telegraph 3 weeks ago
  2. I have no idea. It's not the sort of thing we do is it?
    Bernie Ecclestone – Bernie Ecclestone SOURCE: The Telegraph 3 weeks ago
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  1. NEW YORK - NOVEMBER 05: Customers shop for Toyota vehicles at a dealership on November 5, 2009 in the Brooklyn Borough of New York City. Surprising many analysts, Toyota Motor Corporation reported a return to profit today with net profits of 21.8 billion yen, or $232 million for the second quarter.
  2. TOKYO - NOVEMBER 04: Toyota Motor Corporation President Akio Toyoda speaks during a press conference at Toyota's head office on November 4, 2009 in Tokyo, Japan. Toyota announced their withdrawal from Formula One racing as a result of financial losses suffered during the global recession.
  3. CHIBA, JAPAN - OCTOBER 21: Toyota Motor Corporation's two-seat supercar 'LFA' is on display during the 41st Tokyo Motor Show at Makuhari Messe on October 21, 2009 in Chiba, Japan. The Show, open to the public from October 24 to November 4 will feature 39 world premieres and 21 Japan premieres.
  4. Yukitoshi Funo, Toyota Motor Corporation Executive Vice President, left, and Taizo Chigira, Toyota Motor Korea CEO, pose with a Toyota Camry Hybrid during a ceremony to launch the company's business in South Korea, at a hotel in Seoul, South Korea, Tuesday, Oct. 20, 2009.
  5. TOKYO - JUNE 25: Akio Toyoda, newly appointed Toyota Motor Corporation President, speaks at the press conference introducing thier new top management team at Mega Wed on June 25, 2009 in Tokyo, Japan.
  6. TOKYO - MAY 18: Akio Toyoda, Executive Vice President of Toyota Motor Corporation introduces the third-generation Prius at Mega Web on May 18, 2009 in Tokyo, Japan.
  7. TOKYO - MAY 08: Toyota Motor Corporation President Katsuaki Watanabe speaks at the press conference at their Tokyo Head Office on May 8, 2009 in Tokyo, Japan.
  8. TOKYO - MAY 07: Toyota Motor Corporation's Lexus IS250C is displayed at Nihon Jidosha Kaikan on May 7, 2009 in Tokyo, Japan.
  9. TOKYO - JANUARY 20: (L to R) Katsuaki Watanabe, nominated for the position of Toyota Motor Corporation's Vice Chairman, Akio Toyoda, nominated for the position of President and Fujio Cho, Chairman of Toyota bow in gretting reporters prior to a press conference at Toyota's Tokyo Headquarters on J...

Cast of Characters

  1. Formula One
  2. Renault Renault
  3. Honda Honda
  4. Bridgestone Bridgestone
  5. BMW BMW
  6. Ferrari Ferrari