Tokyo — TOYOTA MOTOR CORPORATION (TMC) announces
it plans to withdraw from the FIA Formula One World Championship (F1)
at the end of the 2009 season.
TMC, which had viewed its participation in F1 as contributing to the
prosperity of automotive culture, remained dedicated to competing at
the pinnacle of motor sports, even in the face of the abrupt economic
changes that started last year. 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.
TMC leaves F1 having compiled 13 podium and 87 point finishes over
eight challenging seasons since 2002 with Panasonic Toyota Racing, a
full-constructor team. It views its time in F1—in which teams put
forth their best efforts to fiercely compete at racing's highest
level—as an irreplaceable experience that provided an opportunity to
develop both human resources and its R&D operations. TMC expresses
its deepest appreciation to its F1 fans and others for their warm
support.
TMC also wants to express its heartfelt gratitude to all Panasonic
Toyota Racing drivers to date and to all Toyota Motorsport GmbH
employees who have helped make the team's achievements possible. TMC
intends to do its best to find a solution for those parties who will be
affected by any inconvenience this decision may cause.
Drawing on its experience in F1 and other motor sports, TMC intends to
move forward in developing exciting production vehicles, such as the
Lexus "LFA" supercar and compact rear-wheel-drive sports cars. In
motor sports, it will not only race in various categories, but will
also actively contribute to further development of motor sports by
supporting grassroots races and planning events in which it is easy for
people to participate.
Find the new car you want on cars.com
|
Related news
|
|
Honda
Motor Co., Ltd. announced that it will continue its participation in
the Formula One World Championship again this year, as the Honda Racing
F1 Team. Honda will also provide the SUPER AGURI ...
|
|
|
Marcus Marshall drives the No. 26 Irwin Ford Falcon in the Australian V8 Supercar Series. He’s visiting Martinsville Speedway this weekend to get a taste of stock car racing in ...
|
|
|
Tokyo—TOYOTA MOTOR CORPORATION (TMC) announces it presented stipends from the Toyota Study Assistance Fund1
today at a ceremony at Guizhou University in Guiyang, Guizhou Province,
China. This was the fourth annual presentation ...
|
|
|
BMW presented the racing version of the new BMW M3 at the Chicago Auto
Show. Powered by a 485 bhp eight cylinder engine, this impressive race
car has been designed to compete ...
|
|
|
Toyota chose a swerving Formula One racing course
to show its new luxury Lexus sportscar Thursday, to make sure
reporters got the message the new IS F model is about revved up
engine ...
|
|
|
Mitsubishi Motors Corporation (MMC) announced today
their decision to withdraw from Cross Country Rallying, starting with
the legendary Dakar Rally.
In its 26 entries in this event, Mitsubishi Motors won the ...
|
|
|
Toyota will recall about 57-thousand Lexus vehicles due
to faulty seat belt winder parts.
The recall affects the Lexus G-S and I-S models sold in North
America, Japan, Europe and other markets.
Passengers may ...
|
|
|
Toyota City—TOYOTA MOTOR CORPORATION (TMC)
announces today organizational changes to take effect on January 1,
2010, as outlined below.
...
|
|
|
Tokyo — TOYOTA MOTOR CORPORATION (TMC) announces
its production, domestic sales and export results, including those for
subsidiaries Daihatsu Motor Co., Ltd. and Hino Motors, Ltd., for
November 2009.
...
|
|
|
Tokyo — TOYOTA MOTOR CORPORATION (TMC) announces
that the Toyota Automobile Museum, a TMC-run cultural facility in Aichi
Prefecture, will host a classic car festival at Meijijingu Gaien in
Shinjuku-ku, Tokyo, on Saturday, ...
|
|
|
|
Subscribe in a reader
