Tadashi Yamashina, Toyota Motorsport GmbH Team Leader, admitted that, in the face of the current global economic downturn, Toyota executives are contemplating the pullout of the team from Formula One.
The operating losses of Toyota last year was really discouraging, and it was only through Panasonic’s contract extension as team sponsor through 2012 that saved it from an early F1 exit. Although Panasonic does not really look financially good itself, it is encouraging to hear that it is committed to stick it out with Toyota for the cause of Formula One. Toyota’s TF109 seems to be doing good on the test track according to pre-season test figures.
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