Ferrari has suggested that the departure of Toyota, BMW and Honda from Formula 1 in the past year is due to the actions of the sport’s bosses rather than the economic downturn.
Toyota announced its decision to pull out of the World Championship earlier today, citing the “current severe economic realities” as the reason for its abrupt exit. But an item published on Ferrari’s official website argued that … Details
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The FIA has described Bridgestone and Toyota’s decisions to exit Formula 1 as a “concern” – and says it wants to clarify Toyota’s legal position, as it had previously committed to the sport until 2012.
Toyota, along with all the other current teams, had signed the new Concorde Agreement in the summer, binding the Japanese company to F1 for the next three seasons. Although in theory its departure … Details