Toyota apologises for lack of success

Toyota says it regrets its lack of success in Formula 1, and apologised to its fans as it announced its decision to leave the sport today

Toyota apologises for lack of success

When the Japanese car giant joined the world championship in 2002, rivals feared its huge budget and the company's technical resources would see it swiftly become a title contender.

But it never lived up to expectations, failing to score any wins during its eight seasons in F1. Its best constructors' championship position was fourth in 2005.

Company president Akio Toyoda told a news conference in Tokyo that economic pressures had forced its exit, and that it was disappointing to be leaving the sport before it had achieved its goals.

"This was a difficult but ultimately unavoidable decision," Toyoda was quoted as saying by Reuters. "Since last year with the worsening economic climate, we have been struggling with the question of whether to continue in F1. We are pulling out of Formula 1 completely.

"I offer my deepest apologies to Toyota's many fans for not being able to achieve the results we had targeted."

Toyota came closest to victory at the start of 2005, when its car proved the closest challenger to eventual champion Renault in the opening rounds, but it had to settle for podium finishes.

It was also among the frontrunners at the start of this season, benefiting from being one of the three teams to capitalise on the double diffuser rules loophole, but did not convert that pace into a win.

The team leaves F1 with a tally of three pole positions and 13 podium finishes.

shares
comments
Toyota pulls out of Formula 1

Previous article

Toyota pulls out of Formula 1

Next article

Hulkenberg hopes to match Barrichello

Hulkenberg hopes to match Barrichello
Load comments
The six critical factors that could hand F1 2021 glory to Hamilton or Verstappen Plus

The six critical factors that could hand F1 2021 glory to Hamilton or Verstappen

The 2021 Formula 1 title battle is finely poised with six races remaining, as just six points separate championship leader Max Verstappen from seven-time champion Lewis Hamilton. In such a closely-fought season, the outcome could hinge on several small factors playing the way of Red Bull or Mercedes

Can Whitmarsh appointment help Aston succeed where its F1 rivals failed? Plus

Can Whitmarsh appointment help Aston succeed where its F1 rivals failed?

Aston Martin owner Lawrence Stroll is determined to make the group a billion-dollar business. MARK GALLAGHER analyses his latest play – bringing former McLaren team principal Martin Whitmarsh into the fold

Remembering Switzerland’s first F1 winner Plus

Remembering Switzerland’s first F1 winner

Stepping up to F1 in 1962, Jo Siffert shone with Rob Walker Racing Team and BRM before his career was abruptly ended in a fatal crash at Brands Hatch in 1971. Kevin Turner looked back at the life of Switzerland's first F1 winner on the 50th anniversary of his death

Formula 1
Oct 21, 2021
What Verstappen is risking with his current stance on 2021 F1 world title defeat Plus

What Verstappen is risking with his current stance on 2021 F1 world title defeat

OPINION: Max Verstappen is back in the lead of the 2021 Formula 1 drivers’ championship, with the season’s final flyaway events set to get underway in the USA this weekend. But a defensive stance he’s recently adopted could have a lasting impact for the Red Bull driver when it comes to his chances of defeating Lewis Hamilton and Mercedes

Formula 1
Oct 21, 2021
The hidden Ferrari struggle that Sainz’s recent charge put to rest Plus

The hidden Ferrari struggle that Sainz’s recent charge put to rest

Despite appearing to adjust to life as a Ferrari driver with relative ease, it was far from straightforward under the surface for Carlos Sainz Jr. But, having made breakthroughs in rather different routes at the Russian and Turkish races, he’s now targeting even greater feats for the rest of the Formula 1 season

Formula 1
Oct 20, 2021
The final throes of Brazil's fleetingly successful F1 team Plus

The final throes of Brazil's fleetingly successful F1 team

Emerson Fittipaldi is better remembered for his Formula 1 world championships and Indianapolis 500 successes than for the spell running his eponymous F1 team. Despite a hugely talented roll call of staff, it was a period of internal strife, limited funding and few results - as remembered by Autosport's technical consultant

Formula 1
Oct 18, 2021
Why McLaren's expanding agenda will benefit its F1 resurgence Plus

Why McLaren's expanding agenda will benefit its F1 resurgence

In the 1960s and 1970s, McLaren juggled works entries in F1, sportscars and the Indy 500 while building cars for F3 and F2. Now it’s returning to its roots, expanding 
into IndyCars and Extreme E while continuing its F1 renaissance. There’s talk of Formula E and WEC entries too. But is this all too much, too soon? STUART CODLING talks to the man in charge

Formula 1
Oct 17, 2021
How Tsunoda plans to achieve his F1 potential Plus

How Tsunoda plans to achieve his F1 potential

Yuki Tsunoda arrived in grand prix racing amid a whirlwind of hype, which only increased after his first race impressed the biggest wigs in Formula 1. His road since has been rocky and crash-filled, and OLEG KARPOV asks why Red Bull maintains faith in a driver who admits he isn’t really that big a fan of F1?

Formula 1
Oct 15, 2021