

This was the astonishing news that rocked the very foundation of the motoring history and the motor racing fans throught the world..."Toyota pulling out of Formula"!???
This was eminent that when a motoring giant like Toyota posted a loss for the first time in 87 years of its past marvellous history, it would certainly pull out of the most expensive sport of all.... The Formula 1.
Toyota representative told the press about his boy's bad performance in this season and the last one, in which one of a Japanese Big 4, Honda , pulled out of racing season and sold its Team Honda Racing to a pioneer race engineer, Brawn, re-naming its team to "Brawn GP".
Earlier in the race qualifying sessions, both the Toyota drivers failed to show their performance up to the mark and failed to join the poles with the race leaders Mark Webber and our beloved Jenson Button. This proved to be last blow to the Team Toyota, after which it announced it withdrawl from the racing event for an annonymus period of time, perhaps forever!
It is yet to be announced by Toyota whether it would sell its team to any other manufacturer or it would completly disbanned it.... It still remains a mistry. But one thing is for sure that this team will not be sold to any of the European purchasers of bidders for the team, as it was mentioned in the press conference made earlier.
"TMC leaves F1 having compiled 13 podium and 87 point finishes over eight challenging seasons since 2002 with Panasonic Toyota Racing, a full-constructor team.
"It views its time in F1 - in which teams put forth their best efforts to fiercely compete at racing's highest level - as an irreplaceable experience that provided an opportunity to develop both human resources and its R&D operations. TMC expresses its deepest appreciation to its F1 fans and others for their warm support."
The world's largest car maker is now the third major manufacturer to withdraw from F1 in the space of 11 months after Honda and BMW.
Toyota's departure continues the exodus of Japanese companies from motor sport as Subaru and Suzuki withdrew from the World Rally Championship prior to this season.
In motorbikes, Kawasaki pulled out of MotoGP, and on Monday tyre manufacturer Bridgestone announced they will not be renewing their supply contract in F1 after next season.
"It views its time in F1 - in which teams put forth their best efforts to fiercely compete at racing's highest level - as an irreplaceable experience that provided an opportunity to develop both human resources and its R&D operations. TMC expresses its deepest appreciation to its F1 fans and others for their warm support."
The world's largest car maker is now the third major manufacturer to withdraw from F1 in the space of 11 months after Honda and BMW.
Toyota's departure continues the exodus of Japanese companies from motor sport as Subaru and Suzuki withdrew from the World Rally Championship prior to this season.
In motorbikes, Kawasaki pulled out of MotoGP, and on Monday tyre manufacturer Bridgestone announced they will not be renewing their supply contract in F1 after next season.
Being a Ferrari fan( though my sympathies are with Toyota right now), I would have loved to hear about this Toyota Pull Out, but listen Ferrari fans.... would'nt we be happier to beat our arch rivals!!!!!
That's it for now, c ya guys later!!!

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