There have been rumblings of an impending pull-out from Formula 1 by Toyota for some time now, with the decision of Williams to drop its Toyota engine supply along with the lack of signing any Drivers for next year… And this speculation heightened with Bridgestone’s shock announcement of not renewing its exclusive tyre supply contract as Japan seems destined to shun Formula 1 for the first time in years…
The news of Toyota’s decision to Quit Formula One was first reported in the Mainichi newspaper yesterday as Toyota Executives began a four day meeting in Japan, which Toyota initially denied, but it has now been widely reported that Toyota indeed will cease its participation in F1 henceforth and its another very harsh day for Grand Prix racing, especially the hundreds of employees set to lose their jobs, although there’s NO word yet on what exactly will happen to the team as Toyota’s departure now makes way for the reconstituted Sauber F1 Team to become the sports 13th entry…
