Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.The Toyota Formula One team says its continued participation in the sport still unclear and is dependent upon the financial performance of its parent company and cost reductions in F1.
Toyota's future in F1 has been in doubt since the onset of the global economic downturn, which forced both the Honda and BMW teams to announce withdrawals.
"We will participate for now," team principal Tadashi Yamashina was quoted as saying by the Yomiuri newspaper on Wednesday.
"We have to consider a variety of things in relation to our core business. Our participation is unclear, depending on our financial results."
Toyota had been in Formula One as a team since 2002, and was a signatory to the latest Concorde Agreement which governs the terms of the sport and revenue distribution to the end of 2012.
Yamashina urged the sport's organizers to do more to reduce costs. Efforts to introduce a spending cap from next season met resistance from the big teams and threatened to prompt a breakaway series before budget restrictions were watered down.
"We must make Formula One more cost effective," he said.
The Williams team has been using Toyota engines, but is now looking for a new supplier.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments