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Toyota Pulls Out Of Formula One Page 3

 
2 2,313 views Nov 5, 2009
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Toyota team president John Howett told the Times that he did not know if the FIA would pursue legal action, and Bernie Ecclestone commented: "We're looking into it."

The F1 chief executive told the Daily Express: "The problem is that their team manager John Howett fought against drastic cost-cutting all the way and was against new teams coming in."

The Formula One Teams Association (FOTA) reacted to the Toyota news by acknowledging the "financial pressures" on carmakers at present but also mentioning the recent "period of uncertainty and unnecessary confrontation in F1".

Ferrari went one step further, boldly hitting out at the "war waged against the major car manufacturers by those who managed formula one over the past few years".

[GMMF1]






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Comments (2)

  1. By Timo Glock Posted: 11/6/2009 2:50am PST

    It's a real shame, this is one team I actually saw doing a lot better next year...
     
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  2. By  best 16gb video card Posted: 2/2/2010 9:12pm PST

    Teixiera owes Ferrari a lot of money after paying them to develop cars and engines for A1GP. If he comes into F1 by buying Campos, I can’t see Ferrari being happy, and I’m not sure the FIA will want one team suing another for money owed.According to Dallara, Campos are up to date with their payments on the chassis development
     
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