habser | 11/19/2009
A blogger has said, “Cars are not a mere means of mobility.” A very true statement but what makes it fascinating is that it didn’t come from just anyone. These were written by Akio Toyoda, the president and CEO of Toyota Motor Corporation ,
imagine lifestyles | 11/11/2009
Submitted by imaginelifestyles on November 9, 2009 - 8:51am On the heels of the release of the first-ever Lexus LFA supercar , Toyota has announced it will pull out of Formula One racing in efforts to cut costs. The economic downturn has certainly affected everyone, and costs incurred with Formula One racing can be extensive, even for the world’s largest automaker. The announcement came just
autoshowplanet.com (Free subscription) | 11/07/2009
check is syno\nFiled under: Motorsports, Toyota, Earnings/Financials\n Toyota GT-One - Click above for high-res image gallery\n As Toyota president Akio Toyoda announced the withdrawal of his company from the Formula One World Championship, he reiterated Toyota’s commitment to motorsport competition. But while this may have been pure lip-service, the Japanese automaker has a long history in racing,...
The Guardian (Free subscription) | 11/05/2009
Toyota trimmed its projected losses for the year to March 2010 to ¥200bn, from an earlier prediction of ¥450bn Hopes that the global car industry is easing out of its slump gathered pace today after Toyota said it had returned to profit in the last quarter and cut its forecast losses for the full year. The world's biggest carmaker surprised industry observers by posting an unexpected ¥21.8bn...
Scotsman.com (Free subscription) | 11/05/2009
TOYOTA Motor Corp president Akio Toyoda believes he has betrayed the team's fans after making the painful decision to axe the Formula 1 operation.
Autosnewspaper (Free subscription) | 11/04/2009
Photo source: Toyota F1 teamReuters has picked up a report from the Japanese newspaper Mainichi that indicates Toyota will announce tomorrow thatit's leaving Formula One ahead of the 2010 season. Fielding an F1 team is expensive, of course, and perhaps not the sort of luxury Akio Toyoda ... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Everton1878s Blog (Free subscription) | 11/04/2009
Toyota has confirmed that it is pulling out of Formula 1 racing after posting its worst financial loss. The world’s largest car manufacturer will concentrate on its core business. Toyota president Akio Toyoda said the Japanese team had no option but to pull out citing "the current severe economic realities" affecting the world. The team failed [...]
The Telegraph (Free subscription) | 11/04/2009
Akio Toyoda apologised to those fans feeling "betrayed" by Toyota's decision to withdraw from F1.
Leftlane (Free subscription) | 11/04/2009
Following Tuesday’s rumors, Toyota today officially announced its withdrawal from Formula One racing. “We are pulling out of Formula One completely,” CEO Akio Toyoda told the media at a press conference. “I offer my deepest apologies to Toyota’s many fans for not being able to achieve the results we had targeted.” The move will save the [...]
Mirror.co.uk (Free subscription) | 11/04/2009
Toyota Motor Corp president Akio Toyoda believes he has betrayed the team's fans after making the painful decision to axe the Formula One operation.
The Guardian (Free subscription) | 11/04/2009
After announcing that Toyota are quitting F1, company president and chief executive officer Akio Toyoda apologises for the team's failure to record a single race victory since joining the sport in 2002, in spite of an estimated annual budget of around $300m
eGMCarTech (Free subscription) | 11/04/2009
Joining Japanese rival Honda, Toyota announced its plans to withdraw from the FIA Formula One World Championship by the end of the 2009 season. “Toyota has engaged in F1 racing for eight seasons, starting in two thousand two,” Toyota’s President Akio Toyoda said at a press conference “But we will conclude our participation in F1 competition [...]
Planet-F1 News (Free subscription) | 11/04/2009
Toyota President Akio Toyoda has offered his "deepest apologies" to the team's fans after they failed to reach their targets in F1.
::BROADCATCHING:: (Free subscription) | 11/04/2009
Sheesh… The Auto Beat Posted by: Ian Rowley on November 04 At a hastily arranged press conference this evening in Tokyo, Toyota CEO Akio Toyoda announced that the carmaker is the latest big player to quit Formula One motorsport. Toyota, which competed in 139 races after entering the sport in 2002, winning no races, will quit immediately. Toyoda [...]
Autoblog (Free subscription) | 11/04/2009
Filed under: Motorsports , Toyota The buck's got to stop somewhere. Toyota has been pouring in hundreds of millions of dollars into its Formula One racing program for seven years now and has little to show for it. Now after both Honda and BMW have mothballed their F1 teams, Toyota has confirmed longstanding speculation by doing the same. The announcement was not expected for another few days, but...
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habser | 11/19/2009
A blogger has said, “Cars are not a mere means of mobility.” A very true statement but what makes it fascinating is that it didn’t come from just anyone. These were written by Akio Toyoda, the president and CEO of Toyota Motor Corporation ,
imagine lifestyles | 11/11/2009
Submitted by imaginelifestyles on November 9, 2009 - 8:51am On the heels of the release of the first-ever Lexus LFA supercar , Toyota has announced it will pull out of Formula One racing in efforts to cut costs. The economic downturn has certainly affected everyone, and costs incurred with Formula One racing can be extensive, even for the world’s largest automaker. The announcement came just a day...
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