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November 5, 2009

Toyota quits Formula One

Filed under: Archived,Formula One,Japan,Kamui Kobayashi,Sports,USF1 — admin @ 5:00 am

Toyota quits Formula One – Wikinews, the free news source

Toyota quits Formula One

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Thursday, November 5, 2009

Toyota headquarters in Japan

Akio Toyoda, the President and Representative Director of Toyota, made a statement on Wednesday that the company is leaving the Formula One championship before the 2010 season. The primary factor behind this decision was said to be the current economic environment in the midterm perspective.

Panasonic Toyota Racing did not manage to ever win a Formula One race, winning only 13 podium and 278.5 points since 2002. Toyota will still be present in a number of racing series, including Formula Nippon, Formula Three, Super GT and NASCAR.

Kamui Kobayashi driving Toyota TF109 at 2009 Abu Dhabi Grand Prix
Image: Yuriy Lapitskiy.

Another major Japanese automotive giant, Honda, quit Formula One prior to this season and sold the team to Ross Brawn. The renewed team Brawn GP with Mercedes-Benz engined cars won the 2009 Constructors’ Championship recently.

Other Japanese companies Subaru and Suzuki withdrew from the World Rally Championship prior to this season and Kawasaki pulled out of MotoGP.

The space cleared by Toyota may be now used by the BMW Sauber team’s possible successor if BMW can reach an agreement to sell the team after their decision to quit Formula One earlier this year. Toyota drivers of this season Jarno Trulli and Timo Glock, as well as the Japanese rookie driver Kamui Kobayashi, could now look for seats in other teams for 2010 including the new entries US F1, Campos, Manor or Lotus.

Related news

  • Honda quits Formula One racing” — Wikinews, December 6, 2008
  • “Mark Webber wins 2009 Brazilian Grand Prix, Jenson Button and Brawn wins championship” — Wikinews, October 19, 2009



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August 20, 2009

Formula 1 new team USF1 sponsored by YouTube co-founder

Formula 1 new team USF1 sponsored by YouTube co-founder

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Thursday, August 20, 2009

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Chad Hurley at the World Economic Forum in 2007.
Image: World Economic Forum.

2010 Formula One World Championship entrants USF1 have secured an investment deal with YouTube co-founder Chad Hurley, British magazine Autosport have revealed.

Hurley was positive about the future, and hinted at long term involvement with the team.

YouTube was bought out by search engine giants Google in 2006, which has consolidated the video-sharing website as a global phenomenon, valued at $1.65bn. However, its relationship with Formula 1 has not always been rosy. Video rights to Formula 1 are under the strict copyright of Bernie Ecclestone’s FOM concern. Videos of Formula 1 footage posted on the website are soon challenged and removed, however once removed they are soon replaced, due to the sheer number of videos on the site.

USF1 team principle Ken Anderson was positive about the deal, noting that Hurley’s business acumen and experience in setting up a global brand from scratch can be applied to the fledgling team.

Autosport have also revealed that veteran drivers Alexander Wurz and Pedro de la Rosa may be in the running for a seat alongside “an American rookie”. Austrian Wurz has not competed in Formula 1 since 2007 (For Williams in China), and de la Rosa has not raced competitively in F1 since 2006, when he replaced Juan Pablo Montoya at McLaren mid-way through the season.

The other two new entrants for next year, Campos Grand Prix and Manor Motorsport are yet to announce any investment or sponsorship agreements.

Hurley’s involvement is unlikely to see the YouTube logo added to the car as this is a personal involvement independent of his current position with YouTube.



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February 25, 2009

U.S. team unveils plans for F1 entry in 2010

U.S. team unveils plans for F1 entry in 2010

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Wednesday, February 25, 2009

USF1 logo.

A United States-based operation, known now as USF1, has unveiled plans to join the Formula One motor racing series beginning in the 2010 season. Team principal Ken Anderson and sporting director Peter Windsor officially launched USF1 in a live press conference broadcast on the US television channel Speed.

Peter Windsor in 2004.

Ken Anderson has previously worked for the Ligier and Onyx Grand Prix Formula One teams, and most recently held the position of technical director for the Haas CNC Racing team in the American NASCAR series. Windsor has previously been general manager at Scuderia Ferrari and team manager for WilliamsF1 before taking up his current role as a journalist and reporter for the Speed channel.

USF1 would be based in Charlotte, North Carolina in the United States, unlike all eleven teams that participated in the 2008 Formula One season, which are based in Europe. Anderson also expressed a preference for the team’s drivers to be of American nationality. They confirmed that they do not yet have an engine supply contact but expressed a desire to contact all existing Formula One engine builders before signing one.

The team expressed an intention to be more open to fans than current Formula One teams in order to appeal to the US market. The possibility for fans to tour the factory and see the car being built as well as television shows showing the inner workings of the team were suggested. Windsor claimed that the team had received the backing of both Max Mosley, the president of Formula One’s governing body, and Bernie Ecclestone, president of Formula One’s commercial rights holders. No details were given on the team’s financial backers, however.



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This text comes from Wikinews. Permission is granted to copy, distribute and/or modify this document under the terms of the Creative Commons Attribution 2.5 licence. For a complete list of contributors for this article, visit the corresponding history entry on Wikinews.

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