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Toyota blame 'economic realities' for F1 withdrawal
Toyota have announced they will be withdrawing from F1 with immediate effect. The Toyota Motor Corporation (TMC) cited "current severe economic realities" as the reason for the decision.
After seven years on the grid, the Toyota team followed manufacturers Honda and BMW in pulling out of the sport. While the Honda team were saved by a last-ditch rescue effort by Ross Brawn, and BMW Sauber being bought out by Qadbak Investments, the future of Sauber still remains uncertain.
Drivers Jarno Trulli and Timo Glock are expected to find new teams for the 2010 season, while for rookie driver Kamui Kobayashi, who stepped in for the injured Glock for the last two races of the season, the news could hinder his hopes of a drive for next season.
Williams, who used Toyota engines last season, have already announced they would be switching to Cosworth power for 2010. Meanwhile, Sauber, who were denied a place on the 2010 grid after failing to secure a buyer, could now fill Toyota's place.