Toyota to stay in F1 despite loss

http://www.zeenews.com –

Car manufacturer Toyota has reaffirmed their commitment to Formula One despite facing their first operating loss for 70 years. The Japanese company is starting to feel the pinch of the global economic crisis and is predicting 1.7 billion dollars loss for the year to end-March. John Howett, the principal of Toyota’s Formula One team, has said that the carmaker will stay in the sport.

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Created by kotesh1986 1 year 3 weeks ago
Category: Motor Sports   Tags:

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