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Toyota commits to F1 despite loss

Source: BBC
Tōkyō : Japan | 11 months ago  
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Following Honda's shock departure from the sport in December because of the global economic crisis, it had been feared Toyota could follow suit. But Toyota Motor Corporation president Katsuaki Watanabe insisted: "We will continue F1 and other motorsport activities while cutting costs. "To keep...
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  • News Source: Uinta County News | 11 months ago
    It was entirely obvious that Honda needed to get out of Formula One, as the quickest way to save money. The company had been spending more than $NZ850 million a year on the sport, and had recently suggested that its annual operating profits will be...
  • News Source: BBC | 11 months ago
    Following Honda's shock departure from the sport in December because of the global economic crisis, it had been feared Toyota could follow suit. But Toyota Motor Corporation president Katsuaki Watanabe insisted: "We will continue F1 and other...
  • News Source: Androscoggin News | 11 months ago
    Toyota has countered speculation it may join its Japanese rival Honda in withdrawing from Formula One. Not yet three weeks after Honda said it would no longer compete, Toyota admitted it is set to record its first operating loss since before World...
  • News Source: Taiwan News | 11 months ago
    Toyota will scale back costs on Formula One racing, but is vowing not to drop out despite expectations it will record its first yearly operating loss in seven decades...President Katsuaki Watanabe did not give details on how the Japanese automaker...
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