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Formula 1: FOTA, Cosworth, Button React to Toyota Exit

Negative CamberCorrespondent INovember 4, 2009

Unlike the Bridgestone news, there are reactions to today’s announcement by Toyota that it is exiting the sport immediately.

Toyota Logo 588

A little round-up, so you all don’t have to troll the Interwebs. (But feel free to add any you find.)

First off, one of the more important. FOTA :

Disappointment at Toyota withdrawal, but FOTA expects a better 2010 for F1.

The Formula One Teams Association today expressed sadness at the unexpected decision by Toyota to withdraw from Formula One and be absent from the 2010 World Championship.

Toyota has made a significant contribution to the success of Formula One for the past eight seasons, having recorded a number of podium finishes and other points-scoring results in that time.

Regrettably, notwithstanding Toyota’s commitment to compete until 2012 deriving from the signature of the Concorde Agreement, the particular financial pressures within the car manufacturing industry – together with a period of uncertainty and unnecessary confrontation in F1 that is now finally over – created conditions which have made it difficult for Toyota to stay in the sport at this time.

We hope very much that Toyota will return to the world’s most technologically-advanced racing competition in the not too distant future, but in the meantime every effort must be made by the sport’s management to ensure that the 2010 season is as successful as we all hope.

These efforts should include ensuring that the 2010 grid remains fully subscribed—and we should remember that there are still more teams entered than in any year since 1995—that our sport remains a focus for technological innovation and competitive racing. The departure of an important car manufacturer cannot be underestimated and its reasons need to be addressed.

All the FOTA Teams send sincere messages of goodwill to all at Toyota—staff, drivers and sponsors—and thank them for the positive contribution they have made to Formula One in recent years.

FOTA also wishes to put on record its thanks to John Howett for his great passion and his fundamental contribution, in his role as Vice Chairman of FOTA, in helping negotiate the new Concorde Agreement, securing longer term stability in F1’s rules and a more constructive, collaborative environment with all stakeholders.

Cosworth :

“The decision by Toyota Motor Corporation to withdraw from Formula 1 with immediate effect is deeply regretted but underlines the importance of all stakeholders in the sport working together to ensure a profitable and sustainable future,” said Cosworth F1 boss Mark Gallagher."

“We look forward to working with the FIA, the Commercial Rights Holder, the teams and other engine manufacturers in protecting the future of Formula 1 and building on the very positive developments in the sport as reflected in Sunday’s inaugural Abu Dhabi Grand Prix.”

Jenson Button and Eddie Jordan:

[Button] “It’s sad. I thought Toyota would continue.

“They’ve obviously got their reasons, as Honda did, but it’s a pity for F1 and for Toyota. Hopefully we can survive without them.”

[Jordan] “I’m really disappointed that Toyota have decided to pull out."

“When fellow Honda withdrew last December the team continued as Brawn Grand Prix and the rest is history."

“I hope Toyota will leave the sport with the same dignity and allow the team to continue in a new guise."

“Toyota signed a new Concorde Agreement in the summer committing them to F1 until 2012 and so it could be possible for the team to continue in another form if the rest of the grid allow it.”

The official Formula 1 site just has the Toyota statement. Nothing yet from Bernie Ecclestone.

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