The global economic crisis dealt a fresh blow to Formula One racing Tuesday as Toyota Motor pulled out of hosting the Japanese Grand Prix at its Fuji Speedway circuit from next year.
The economic downturn has made it “extremely difficult” to continue to stage the event, Toyota-owned Fuji International Speedway Co., which operates the circuit, said in a statement.
The race track, in the foothills of Mount Fuji, hosted the Japanese Grand Prix for the first time in 30 years in 2007 and had been slated to host the 2010 race as the 16th leg of the 18-round Formula One series.
From this year, the Japanese race had been due to …Â Details
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