Allvoices.com - Toyota quits Formula One racing

Toyota quits Formula One racing

Toyota Motor Corp President Akio Toyoda attends a news conference at ...

Source: Reuters
Toyota Motor Corp President Akio Toyoda attends a news conference at ...

Source: Reuters
Toyota Motor Corp President Akio Toyoda bows before a news conference ...

Source: Reuters
Toyota Motorsport Chairman and Team Principal Tadashi Yamashina cries ...

Source: Reuters
Visitor looks at Toyota's Formula One racing vehicle equipped with ...

Source: Reuters
Toyota's Formula One racing vehicle is displayed at its showroom in ...

Source: Reuters
Toyota Motorsport Chairman and Team Principal Tadashi Yamashina speaks ...

Source: Reuters
Toyota Motorsport Chairman and Team Principal Tadashi Yamashina cries ...

Source: Reuters
Bridgestone tires are equipped with Toyota's Formula One racing car ...

Source: Reuters
Visitors look at Toyota's Formula One racing vehicle at its showroom ...

Source: Reuters
Visitors look at Toyota's Formula One racing vehicle at its showroom ...

Source: Reuters
Boy looks at Toyota's Formula One racing vehicle at its showroom in ...

Source: Reuters
A man looks at a promotional panel of a picture of Toyota Formula One ...

Source: Reuters
A man walks past a promotional panel bearing a picture of Toyota F1 ...

Source: Reuters

Toyota Motor Corp President Akio Toyoda attends a news conference at ...

The world's largest automaker announced Wednesday it needs to cut costs and focus on its core business. "This has been a very painful decision for the company," Toyota president Akio Toyoda said at an emotional news conference. Toyota follows Honda Motor Co. as the second major Japanese automaker...

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Izod sponsorship positive step for struggling IRL

By: zyllyx

A press conference scheduled for 2:00pm ET Thursday in Indianapolis will be the launch of the Indy Racing League's new sponsorship era. Phillips-Van Heusen's Izod clothing brand is expected to announce a five-year title sponsorship deal for the IRL's IndyCar Series that is likely to be worth at least $10,000,000 per year over five years. The Izod ...

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News Stories

IndyCar Series picks up title sponsorship with Izod

News Source: Miami Herald | about 1 month ago

Financial terms of the six-year agreement were not disclosed, but the deal is reported to be $10 million per year. "Our relationship with the Izod brand has been on the fast track since they day we began our partnership in 2008, and we are thrilled...
IndyCar to partner with Izod next season

News Source: Arizona Republic | about 1 month ago

The Indy Racing League will have Izod as a title sponsor next season, an agreement the IRL hopes will expand its fan base and take the series to a "new level." The six-year deal could be extended, Michael Kelly, executive vice president of marketing...
Toyota leaves Formula One

News Source: Honolulu Advertiser | about 1 month ago

Toyota is pulling out of Formula One racing, the world's largest automaker announcing yesterday that it needs to cut costs and focus on its core business. "Based on the current economic environment, we realize we have no choice but to withdraw from...
Recession forces Toyota off Formula One race track

News Source: Independent | about 1 month ago

Formula One racing championship as the company cuts costs amid record losses. The Japanese carmaker announced the decision at a briefing in Tokyo yesterday. The move may save Toyota 50 billion yen (€372m) a year, according to Koji Endo, managing...
Toyota quits Formula One racing

News Source: Arizona Daily star | about 1 month ago

The world's largest automaker announced Wednesday it needs to cut costs and focus on its core business. "This has been a very painful decision for the company," Toyota president Akio Toyoda said at an emotional news conference. Toyota follows Honda...
Toyota Pulling Out of Formula One to Cut Costs

News Source: The New York Times | about 1 month ago

Toyota announced Wednesday that it would give up its prized Formula One racing team in an effort to slash costs, refocus the company on green cars and turn a profit amid continued weakness in the auto sector. Toyota, the world’s biggest automaker,...