Following Wednesday's emergency board meeting, Renault CEO Carlos Ghosn on Thursday refused to confirm whether the French carmaker will stay in formula one in 2010.
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A new formula one espionage scandal is threatening to erupt.
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F1's governing body has expressed "concern" about Toyota's decision to quit the sport.
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Toyota's announcement on Wednesday that the recession had forced it to withdraw from Formula One included the statement that the company and#8220;intends to move forward in developing exciting production vehicles, such as the Lexus LFA supercar.
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In today's News Brake: Toyota puts the brakes on its Formula One program, GM says it will keep Opel, and the latest news from the SEMA show . . . But Wait, There's More!
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Toyota Motor Corp. pulled out of Formal One racing today, as it battles a second straight year of red ink and races to cut more than $9 billion in costs this year. Toyota follows Japanese rival Honda Motor Co. in quitting the sport.
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Toyota Motor Corp. withdrew from Formula One today, leaving Japan without a team in motorsport's premier series.
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Toyota has pulled out of the Formula One world championship after eight fruitless seasons, joining BMW in the exodus. Honda quit at the end of last season. The companies cite the need to cut costs in the current tough business environment as the reason.
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Bosses at Toyota blame economic crisis for Formula One withdrawal.
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Toyota Motor Corp. said on Wednesday it will pull out of Formula One racing. Toyota, the world's largest carmaker, was the last Japanese team left in the sport following Honda Motor Co.'
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Bernie Ecclestone has braced the formula one world for an even longer race calendar in future.
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Here are the main F1 news briefs of this day, Wednesday October 4, 2009
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The Japanese car company Toyota revealed its decision in a news conference in Tokyo today following an earlier board meeting. The current economic situation had prompted its departure.
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Michelin and Goodyear, the most recent tyre brands in formula one, have played down suggestions they might take over from Bridgestone as F1's exclusive supplier in 2011 and beyond.
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Toyota Motor Corporation will announce on Wednesday its decision to pull out of formula one with immediate effect.
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Willi Weber has welcomed Williams' appointment of Rubens Barrichello for 2010.
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Red Bull will continue to use Renault engines in 2009, after contemplating switching to Mercedes or Cosworth.
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In a meeting on Monday, new FIA president Jean Todt told the French prime minister Francois Fillon that formula one is important to the country.
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Brawn GP chief Ross Brawn has played down suggestions that Kimi Raikkonen could be lined up as an alternative to the hesitant Jenson Button for 2010.
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In today's News Brake: Acura tears up its product plans, driver and tire news from Formula One, and Rick Hendrick plans to revive old cars . . . But Wait, There's More!
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