Toyota to quit F1?
The Panasonic Toyota Racing Team is the first team to confirm that it is unlikely to enter the 2010 world championship unless 'significant' compromises are made to plans for a voluntary budget cap for next season. Team President John Howett declared to our colleagues at 'autosport' that, under the current rules, his team cannot submit an entry for next season.
Howett said: "Under the rules as they are published, we cannot submit an entry. There are concerns about the governance process within the sport, that there are clearly prescribed areas of discussion within the sporting and technical rules and we don't feel they are being complied with.
"From Toyota's perspective there are a number of concerns that really need clarifications before we commit to the future; we want to be here, we believe we have been a good corporate citizen within the F1 environment, but now we must reflect long and hard on what we do in the future. I would say it is very likely we won't enter unless something changes significantly."
