Formula One news

Toyota gets two more years to prove itself in F1

F1's big spender Toyota could pull out of Formula 1 in two years time unless the team can get themselves into a consistently competitive position over the next two years. Toyota's team principal admitted he has two more years to prove Toyota belongs in Formula One.

The team started twice from pole position and managed to finish in a podium position just six times in six seasons. With the team's annual budget close to US$500 million the management in Japan now demands results. "I have been given two more years," said Toyota's F1 team principal Tadashi Yamashina "So we will work and fight to make sure we prove ourselves in the 2008 season."

Toyota will present its new Formula 1 car next week (Thursday) to the media in Cologne.

more news

• 09 Jan.
  • New Renault fails FIA crash test
  • Toro Rosso confirm Buemi
  • Technical reshuffle at Red Bull
  • Klien still optimistic of race seat
  • Kubica named Polish sports personality of the year
  • Richards out of Honda running
  • Donington gains planning permission
• 08 Jan.
  • FOTA agrees cost-cutting plans
  • De la Rosa still aiming for race seat in F1
  • A dozen parties interested in Honda
  • Mosley not done yet with cost cuttings
• 07 Jan.
  • Ecclestone reveals September deadline for Donington
  • Ferrari willing to supply 'Honda' with engines
  • Brawn says Honda won't test before season
• 06 Jan.
  • Ferrari to use electronic pitstop system in 2009
  • Kubica to start karting team
  • Webber's recovery going well
  • Ferrari to reveal new car next week
  • Stewart hits out at Ecclestone and Mosley
• 05 Jan.
  • Red Bull's RB5 to debut in February
  • Suspended sentence and fine for Verstappen
  • Berger confirms Buemi for STR
• 04 Jan.
  • Kubica expecting more accidents
• 03 Jan.
  • Encouraging news for Donington
• 02 Jan.
  • Di Resta still hopeful of F1 drive
  • "Title loss would have damaged Hamilton's reputation"
• 01 Jan.
  • Hakkinen supports medals system
• 31 Dec. '08
  • Kubica: Next year is a big challenge
  • Hakkinen: Vettel will soon be a Formula 1 champion
  • Hamilton receives MBE award
  • Heidfeld expects more accidents in 2009
• 30 Dec. '08
  • Hamilton to join Madame Tussauds
  • Ecclestone: Button should take a sabbatical
  • Manager: Alonso would love to join Ferrari one day
  • Changes at Toro Rosso
• 29 Dec. '08
  • Hamilton to miss victory parade in Woking
  • Alonso to join Ferrari in 2011?
  • Mexican billionaire denies Honda bid
• 28 Dec. '08
  • Mexican buyer for Honda?
• 27 Dec. '08
  • F1 drivers positive on Algarve circuit

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