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Unhyphenated American
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Toyota quits Formula 1 racing
Last Updated: Wednesday, November 4, 2009 | 6:46 AM ET
The Associated Press

Toyota is pulling out of Formula One racing, the world's largest automaker announced Wednesday, saying 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 Formula One," Toyota president Akio Toyoda said at a news conference in Tokyo. "This has been a very painful decision for the company."

Toyota follows Honda Motor Co. as the second major Japanese automaker to withdraw from the sport in last 11 months. Honda pulled out in December 2008 amid worsening economic conditions. Brawn GP, which took over the old Honda team, won the 2009 F1 championship.

Toyota officials called the withdrawal from F1 complete, making a return to the sport unlikely.

Toyota, the world's largest car manufacturer, is seeking to cut costs as it expects to post an operating loss for the six months ended Sept. 30. It is due to report earnings Thursday.

The company posted its worst ever loss in the financial year ended March.

Auto market slump

Ryoichi Saito, an auto analyst at Mizuho Investors Securities Co. Ltd., said Toyota's move underscored a severe slump in the global auto market.

Toyota Motorsport chairman Tadashi Yamashina cries at a news conference at the company's headquarters in Tokyo on Wednesday as the company announces its withdrawal from Formula One racing. (Issei Kato/Reuters)
"The withdrawal from F1 is part of Toyota's cost cutting efforts amid a global downturn," Saito said.

"The company can no longer stay in costly F1 while making massive losses. Toyota's decision means that the company wants to invest more in hybrid vehicles rather than F1," he said.

Like other Japanese exporters, Toyota is hurt by a strong yen. The U.S. dollar has recently hovered around 90 yen. Toyoda, grandson of the company's founder who became president this year, has vowed to avoid a third straight year of losses.

On Monday, Japanese tire manufacturer Bridgestone Corp. announced it would not renew its exclusive deal to supply tires for F1 when its contract expires in 2010.

That announcement came one day after the 2009 F1 season concluded with the Abu Dhabi GP.

In July, Toyota-owned Fuji International Speedway announced it would not host the Japanese F1 GP from 2010 and beyond amid the faltering global economy.

Fellow Japanese automakers Subaru and Suzuki pulled out of the World Rally Championship ahead of this season, citing concerns about the global economic crisis.

Toyota made its F1 debut in 2002 but never won a grand prix. The team's best result was in 2005 when Jarno Trulli finished second in Malaysia and Bahrain.

Toyoda said the team's poor results were not a factor in the decision to leave the sport.

"Our decision would not have changed even if we had a victory," Toyoda said. "The fact that we are unable to give our drivers a chance to compete is very sad."

http://www.cbc.ca/money/story/2009/1...racing132.html
 

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Might as well. They were never competitive. I hope Trulli gets a good ride.
 

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Unhyphenated American
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Discussion Starter · #4 ·
Might as well. They were never competitive. I hope Trulli gets a good ride.
I agree, I thought that Subaru pulling out of the World Rally Championship was more unexpected and it was just a side note in this story.
 

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Unhyphenated American
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Discussion Starter · #5 ·
I can't believe you just posted a link to the CBC. :D

I'll miss Toyota in F1.
The only way to find out what's going on in the U.S.A. is to look at outside news sources :D
 

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Islander Moho Trash
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F1 is the most expensive motorsport on the planet.
BMW out and now Toyota.
Kinda sad but its a sign of the times.
I bet Toyota really focuses on their nascar efforts now.
 

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F1 is the most expensive motorsport on the planet.
BMW out and now Toyota.
Kinda sad but its a sign of the times.
I bet Toyota really focuses on their nascar efforts now.

While BMW is out this will help the old BMW team - they were locked out because BMW did not sign the concord agreement in time to secure a spot on the grid for next year (because they knew they were leaving). Now hopefuly the BMW / Sauber team will get this spot that Toyota just created.
 

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Sadly, F1 has become a play ground for the arrogant, super-hyper rich. Oh, yeah, and boring. There is not any relationship between these cars and cars on the road beyond 4 round dealios on the corners.
What I think they should do is go to NO aerodynamic aids(Like the first mid engine cars- Oval body cross-section) and 3 to 3.5 liter true production engines(10,000 produced or more) ; This would allow more companies to compete and more tech would apply to production autos. Only extreme fans are going to get into Saber and Brabham race cars, but a true Ford vs a true Toyota vs a true BMW would have many more fans.
Also, the competetion would be more interesting because the speeds would be more variable without aero; Faster in the straights and slower in the turns.
 

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Islander Moho Trash
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cvxjet;887241There is not any relationship between these cars and cars on the road beyond 4 round dealios on the corners. [/QUOTE said:
The development of the BMW M5 V10 is technology from the F1 v10. And the Lexus supercar's engine is linked to Toyotas V10. Just a couple of many examples of F1 tech to road cars.
 

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Sadly, F1 has become a play ground for the arrogant, super-hyper rich. Oh, yeah, and boring. There is not any relationship between these cars and cars on the road beyond 4 round dealios on the corners.
What I think they should do is go to NO aerodynamic aids(Like the first mid engine cars- Oval body cross-section) and 3 to 3.5 liter true production engines(10,000 produced or more) ; This would allow more companies to compete and more tech would apply to production autos. Only extreme fans are going to get into Saber and Brabham race cars, but a true Ford vs a true Toyota vs a true BMW would have many more fans.
Also, the competetion would be more interesting because the speeds would be more variable without aero; Faster in the straights and slower in the turns.


I'l have to disagree the technology not making it to road cars. I recently read a great article, which stated all of the technologies that were first developed for F1. ABS, Traction control, Fly-by-wire( for auto use) Variable intakes, variable timing The list was extensive. As for standard production engines being used, well, there are hundreds of sanction body, and series that demand the use of production parts/ engines/ chassis. But there is only on F1. Can the series be made better?? Yes. There can always be improvements, but this past year was one of the best in a long time. It's my opinion that F1 should always be at the pinnacle of auto sports.



Darrell.
 

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ABS; Ford had it on the rear of their station wagons in.....1969! Most of the tech used on production cars was developed in other racing venues.
Do you know why Grand Prix cars are open wheel?....Because in the early years(1930's), the fenders made a car unstable at anything over 50 mph. Also they created a lot of drag; Do you know what the drag coeffiecent is for an F1 car now? 1.15! It's the open wheels. A MINIVAN is in the .3's... large numbers of cars are in the high .2's. The weird aero crap and the 17,000rpm engines have no reference to production cars. Those V10's don't seem very usable to me. How many M5's and LFA's have been sold? The LFA costs $390,000 and can't match the ZR1, the GT-R, or the Gallardo. The $200,000 Gallardo is a bargain? What could Chevy do if they put $200,000 into a Vette? They are the real production car Technology leaders. The LS engines are more efficeint than any other engine- and it chaps the DOHC/4V guys hides to have a PUSHROD engine beat them at Le Mans- repeatedly. And they are the best truck engine on the market. Toyota doesn't even have quality to fall back on now. Their Tundra engines have cracking cam shaft problems and their V6's have sludge problems. $$$$ doesn't translate to applicable technology for $ cars, often.
 

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ABS; Ford had it on the rear of their station wagons in.....1969! Most of the tech used on production cars was developed in other racing venues.
Do you know why Grand Prix cars are open wheel?....Because in the early years(1930's), the fenders made a car unstable at anything over 50 mph. Also they created a lot of drag; Do you know what the drag coeffiecent is for an F1 car now? 1.15! It's the open wheels. A MINIVAN is in the .3's... large numbers of cars are in the high .2's. The weird aero crap and the 17,000rpm engines have no reference to production cars. Those V10's don't seem very usable to me. How many M5's and LFA's have been sold? The LFA costs $390,000 and can't match the ZR1, the GT-R, or the Gallardo. The $200,000 Gallardo is a bargain? What could Chevy do if they put $200,000 into a Vette? They are the real production car Technology leaders. The LS engines are more efficeint than any other engine- and it chaps the DOHC/4V guys hides to have a PUSHROD engine beat them at Le Mans- repeatedly. And they are the best truck engine on the market. Toyota doesn't even have quality to fall back on now. Their Tundra engines have cracking cam shaft problems and their V6's have sludge problems. $$$$ doesn't translate to applicable technology for $ cars, often.


Just to clarify some details. F1 does not run V10's. Presently the rules dictate 2.4ltr V8 engines, limited to 18,000 rpm. Not to get into comparing apples to oranges, or F1 cars to corvettes, but one of the great things about F1, is that it is so much more extreme than anything we are able to buy for the road. Really, it's amazing that a 2.4ltr N/A engine can produce 800hp. To me, this is just like Top fuel cars.... They are simply over the top. F1 is the cream of the crop. It always has been. Drawing the very best engineers, drivers and race teams is a big draw to me. There are a lot of different types of racing, and to me, F1 will always have it's place.


Darrell.
 

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Marine Organism
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ABS; Ford had it on the rear of their station wagons in.....1969! Most of the tech used on production cars was developed in other racing venues.
Do you know why Grand Prix cars are open wheel?....Because in the early years(1930's), the fenders made a car unstable at anything over 50 mph. Also they created a lot of drag; Do you know what the drag coeffiecent is for an F1 car now? 1.15! It's the open wheels. A MINIVAN is in the .3's... large numbers of cars are in the high .2's. The weird aero crap and the 17,000rpm engines have no reference to production cars. Those V10's don't seem very usable to me. How many M5's and LFA's have been sold? The LFA costs $390,000 and can't match the ZR1, the GT-R, or the Gallardo. The $200,000 Gallardo is a bargain? What could Chevy do if they put $200,000 into a Vette? They are the real production car Technology leaders. The LS engines are more efficeint than any other engine- and it chaps the DOHC/4V guys hides to have a PUSHROD engine beat them at Le Mans- repeatedly. And they are the best truck engine on the market. Toyota doesn't even have quality to fall back on now. Their Tundra engines have cracking cam shaft problems and their V6's have sludge problems. $$$$ doesn't translate to applicable technology for $ cars, often.

All of your points are valid - however you are using them to make an argument that no matter some people won't buy. My self included.

F1 is F1 because it is F1.

While I won't go point by point to your examples - to say that F1 cars have a drag coefficient of 1.15 vs. .3 of some cars kind of misses the point. Do you have any idea how much money it cost to develop all that drag (read grip). F1 teams do what they do for one simple reason - they want to go as fast as they can around a track. The fact that the tech trickles down to common cars is a nice benefit (and it does trickle down)

This is a life style that started a long time ago in the days of national pride - when cars were built to compete with other countries, hence the colors we now associate with certain countries - red = Italian, silver = German, Green + British etc. They were battles waged by very wealthy "gentlemen" that created an entire industry out of traveling to other countries and enjoying the best that they had to offer and treating their friends to entertainment and good times while competing on the highest level possible.

Sadly it has now turned into a business and car companies come & go based on business needs (or pressure) - but the fact remains that F1 is the pinnacle of motor sport. While I am the first to admit it is not for everybody, it does happen to be the most widely watched sports event in the world on TV any weekend that it’s on...

I must not be the only one that thinks F1 is OK.
 

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Damage Inc
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The last few years of F1 have been fantastic.
The tech, the cars, and the drivers are incredible. Anyone that doesn't see that has no idea what they are watching.
F1 qualifying has been the most exciting TV for the last 3 years.
Toyota and Honda were in because of each other. It is a shame, as there is so much more to this than race results.
With Todt in and Mosley out, things should get better. Can Ecclestone live forever?
 

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1 of 3 Stoojz
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I'l have to disagree the technology not making it to road cars. I recently read a great article, which stated all of the technologies that were first developed for F1. ABS, Traction control, Fly-by-wire( for auto use) Variable intakes, variable timing The list was extensive. As for standard production engines being used, well, there are hundreds of sanction body, and series that demand the use of production parts/ engines/ chassis. But there is only on F1. Can the series be made better?? Yes. There can always be improvements, but this past year was one of the best in a long time. It's my opinion that F1 should always be at the pinnacle of auto sports.



Darrell.
I agree with you on this. Just thinking about the BMW M5/6, I think you can add paddle shifters, the debut of automated manual transmissions (SMG, DPK, etc.), launch control, etc. to the list. I know the BMW V10 is cast in the same foundry where they make the F1 motors. There really is no comparison to the high-revving, small displacement motor as taken to the extreme by F1. How can you not just love to hear those 18,000 rpm machines screaming around the circuit.

I had a good chance to compare America's finest two days ago. Rented a Hertz Corvette ZHZ for the day for a roundtrip drive from SFO to Napa. Great car, but just not nearly as refined as German or Jap's finest. The tolerances on the body and motor just aren't as close. I am prone to buy American (I own two American cars plus my boat motor) and grew up in Detroit, but there really is no comparison to the pure driving experience in the M6. I think the root of these sports cars remains F1 for many of the advances.

Really don't care if Toyota pulls out; Cosworth, Reneault, Mercedes, still plenty of engine builders out there willing to play in F1. Now, just get some passing (overtaking) in the sport so the actual race can compete with qualifying in the fun to watch factor.
 

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Banne'd
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Maybe Obama will bail them out
 
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