F1 has lost its third team in less than 12 months as Toyota has confirmed it will not compete in 2010.
It brings to an end the company’s eight-year involvement in Formula 1 during which time it is believed to have spent more money than any other team on the grid.
The team’s F1 future had been widely doubted since Honda withdrew at the end of 2008. Toyota originally entered F1 in 2002 to compete with Honda, which had returned as an engine supplier two years earlier.
Toyota joins a host of Japanese car manufacturers reducing their motor racing activity. Subaru, Mitsubishi and Suzuki have all down-sized their rally efforts, with the former quitting the World Rally Championship.
Tyre manufacturer Bridgestone has also decided to leave F1 when its exclusive deal expires at the end of 2010. And the Toyota-owned Fuji Speedway, which was brought up to F1 standards to hold the Japanese Grand Prix in 2007 and 2008, will not be holding any more Grands Prix.
There were rumours earlier this year the team would only remain in F1 if it won a race. That it failed to do, despite locking out the front row of the grid at Bahrain. The failure to seize on that opportunity, and the demotion of both of its cars to the back of the grid at Melbourne – from where they rose to finish third and fourth – may have cost it its F1 future.
It ended 2009 fifth in the championship with 59.5 points. That was its second-best ever year in F1 – its highest placing was fourth with 88 points, in 2005.
Despite its lack of success there were some grounds for optimism the team would continue. Toyota boss John Howett was the vice-president of the Formula 1 teams’ association. He played a major role in the negotiations with the FIA over how F1 costs could be reduced and the team signed the Concorde Agreement committing it to remain in F1 until 2012.
But this desire to bring costs down and commit to the future of the sport has not spared the team. Last month Toyota’s new CEO Akio Toyoda said the company was “grasping for salvation” – given that grim assessment, it’s hrdly surprising its F1 team has been clsoed down.
As well as the hundreds of staff at its Cologne headquarters, spare a thought for Kamui Kobayashi. Just three days ago his impressive performance at Abu Dhabi was praised by the team and he was expected to earn a place in Toyota’s 2010 line-up.
That will not happen, though it remains to be seen if anyone might step in to take the team’s place in F1. If not, it presents an opportunity for Qadbak, who bought the remains of BMW’s F1 team, to get on the grid in 2010.
But the bad news may not be over just yet – Renault are holding a board meeting today to decide on the future of its team. Having been the focus of a major scandal this year, and with no title sponsor for 2010, could it become the fourth F1 team to quit?