Almost a year ago I blogged that Honda had decided that they could no longer participate in Formula One racing. They pulled out just a short time before the start of the 2009 season.
As most fans know, their team was taken over and renamed Brawn GP. And the Brawn GP won both the constructor and driver's championship for this year.
Just recently Toyota announced they were pulling out of Formula One racing and would not be involved next year. The announcement came as a little surprise for a couple of reasons. First, while many people thought they would pull the plug, it was anticipated that the announcement would take place on November 15th. This meeting was scheduled to discuss their 2010 budget, and it would seem to be an appropriate time to announce their racing plans.
The second reason this was a little bit of a shock is that Toyota was one of the companies who signed the Concorde Agreement in July of this year, and it committed the company to be a Formula One team for three more years.
I think someone at Toyota is in trouble. Hard to believe that in July they were willing to commit to three more years, and in just over three months later decide that they are out. Someone screwed up big time.
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