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Rumormill: Toyota to announce exit from Formula 1

Filed under: Motorsports, Toyota, Rumormill According to the Japanese Mainichi newspaper, Toyota is poised to withdraw from Formula One competition and will not take part in the 2010 season. Though no source is given for the news, so far Toyota is neither confirming nor denying the report. Toyota has never had the kind of success in F1 racing that it had expected - despite dropping ridiculous sums of money (some estimate well over $400 million per year) into the sport, Toyota has managed zero....

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20 days ago

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