Toyota has admitted the Fuji Speedway will not be on the 2010 F1 calendar, confirming rumours that circulated at the end of May.
As I said at the time, I’m not sorry to see Fuji go – it’s not a great circuit in its own right and it pales in comparison to Suzuka, which will hold this year’s race. What’s your reaction?
Question will inevitably be asked if Toyota is not prepared to spend an eight-figure sum on having a Grand Prix, whether it will be content to spend a nine-figure sum on having a Grand Prix team.
Last month new Toyota chief Akio Toyoda said it will take two years for the company to return to profit. In the last financial year it posted its first loss in over 70 years, of ?ι?Ρ461bn (?ι?ϊ2.91bn/$4.8bn).
Toyota’s F1 team has been believed to be the highest-spending outfit since it arrived in the sport in 2002. Its 2008 budget was estimated at $445.6m. Reuters suggests it was costing Toyota ?ι?ϊ12-?ι?ϊ18m ($19.4-29.1m) per year to hold the Grand Prix at Fuji.
Fuji held four F1 races: in 1976 and 1977, and on the Hermann Tilke-redesigned track in 2007 and 2008.
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