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Toyota pulling out of Formula One to cut costs
The Associated Press TOKYO — Toyota is pulling out of Formula One racing, the world's largest automaker announcing Wednesday that it needs to cut costs and focus on its core business. "Based on the current economic environment, we realize we have no choice but to withdraw … Toyota to withdraw from Formula One Toyota confirms withdrawal from Formula One (3rd Lead) Motosport: Toyota quits Formula One |
Toyota pulling out of Formula One to cut costs – The Associated Press
Published: November 4, 2009