The Formula One Team Association (FOTA) has announced their intention to withdraw from the Formula One Championship at the end of the season and create their own championship series for 2010. FOTA is comprised of Brawn GP, McLaren, Renault, Ferrari, BMW Sauber, Toyota, Red Bull and Toro Rosso. FOTA has been frustrated by recent budget cap proposals of £40 million and a general disregard of the team’s opinions by the FIA.
Click through to read the statement released by FOTA:
In last Sunday’s Australian Formula 1 race, Toyota’s Jarno Trulli finished the race in the third. He was later penalized 25 seconds for an alleged illegal pass of Lewis Hamilton while the safety car was out. McLaren was responsible for filing the complaint. The Trulli’s penalty pushed Hamilton into the third position, a very impressive finish especially considering Hamilton started at 18th on the grid.
The Toyota F1 team may follow fellow Japanese car company Honda and drop out of Formula One if their 2009 campaign is unsuccessful. Toyota is the big team with little results and the incoming Toyota president, Akio Toyoda, is expected to cut costs at the company when he takes control. A Formula One team is huge expense for any company. While a successful team reflects positively upon the brand, a poor-performing team is costly and doesn’t provide enough positive exposure to justify the expense. It looks like Toyota will need to win their first race this season to ensure they continue to race in Formula One.









