Japanese car maker announced his withdrawal from the Toyota World Championship Formula One on Wednesday in order to reduce expenses because of the economic crisis, while apologized Akio Toyoda, chairman of the group of supporters of the team.
And came in a statement to the Japanese maker: "Toyota decided to withdraw from Formula One. Because of the difficult economic circumstances."
And the first manufacturer to suffer from the global financial crisis, which negatively affected sales, which has cut expenses, and the number of staff contractors.
And congratulated the Toyota itself, "board 13 times on the podium since 2002," and made "profound thanks to the patrons due to their support." The group also confirmed it will do its utmost "to find a solution" to the staff team, who will face unemployment.
For his part, justified by the Director-General of the Toyota Group of the resolution by saying: "Given the current economic conditions, we have decided to withdraw" from World Championship Formula One, adding: "I apologize with all my heart of supporters of the team."
The Toyoda "withdraw entirely from Formula One," unlikely that the company stay in the competition by providing the other teams engines.
For his part, saw Mamoru Kato, a specialist in the automotive industry in the Tokai Tokyo Research Center, Toyota's decision to withdraw: "appropriate but it came too late. Must stop activities in charge that do not fall into the profession."
He added: "Toyota, like other automakers, is invited to focus its investments in environmental technology. It makes sense, then, that the group takes such a decision."
The Toyota announced last July that it would revise its host the Japanese Grand Prix at Fuji on Hlaptha starting in 2010, due to financial constraints as well.
Toyota launched her career in Formula One in 2002, and it intends to continue its participation in the World Championship until 2012, although it ranked fifth in the constructors world championship this season.
The withdrawal of Toyota, two days after the Japanese Bridgestone Corporation announced that it would stop the supply of teams participating in the pop world championships beginning in 2010, and because of the economic crisis as well.
The company has sold the Japanese Honda team before the start of the season to Brown, who won the constructors title, also made the British driver Jenson Button won the world championship for drivers.
The Japanese giant put an end to its cooperation with the British team Williams, who believed his engines since 2007.
Source: agencies
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