Sidepodcast // All for F1 and F1 for all

Toyota withdraw from Formula One // Yet another manufacturer calls time on their F1 career

Published by Christine

There was an announcement of an announcement earlier in the week, when Toyota confirmed they'd be breaking news on Sunday. However, they obviously couldn't wait and confirmed they are pulling out of F1 with immediate effect. A statement from the team read:

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 motorsports actitives next year and beyond from a comprehensive mid-term viewpoint reflecting the current severe economic realities, TMC decided to withdraw from F1.

This news, of course, leaves a gap on the grid, and there is one team in particular who would like to fill it. Personally, I feel sorry for Kobayashi. What do you guys think?

Updated: The FIA has responded to the Toyota withdrawal with the following statement:

The announcements this week by Toyota and Bridgestone of their withdrawal from Formula One are of concern to the FIA.

Bridgestone has given almost 18 months’ notice of its intentions, thereby allowing the necessary arrangements to be made for the future supply of tyres to the championship.

Toyota’s decision, however, comes just weeks after its F1 team signed the new Concorde Agreement until 2012.

Urgent clarification is now being sought from the Toyota F1 team as to its legal position in relation to the championship. This will have a direct bearing on the admission of any future 13th entry.

Updated: Not be outdone FOTA added their thoughts and thanked John Howett for efforts as Vice Chairman of the teams association:

The Formula One Teams Association today expressed sadness at the unexpected decision by Toyota to withdraw from Formula One and be absent from the 2010 World Championship.

Toyota has made a significant contribution to the success of Formula One for the past eight seasons, having recorded a number of podium finishes and other points-scoring results in that time.

We hope very much that Toyota will return to the world’s most technologically-advanced racing competition in the not too distant future, but in the meantime every effort must be made by the sport’s management to ensure that the 2010 season is as successful as we all hope.