TOYOTA OUT AS JAPAN SAYS SAYONARA F1

A report in the Japanese English language newspaper "Mainichi Daily" claims that Toyota are about to announce their withdrawal from Formula One effective immediately. The company is due to annouce it's six monthly financial report this Thursday where it is expected to reveal a significant operating loss. Sales have dropped by just over 30 percent in the April to September period compared with the previous year, with exports falling 45.4 percent. The company had already announced it's decision to withdraw from hosting the Japanese Grand Prix at its' Fuji circuit and follows the news that Japanese tyre giant Bridgestone will pull out from F1 at the end of 2010.