Toyota cut 500 employees in Cologne
December 4, 2009 by Negative Camber
Filed under People & Events, Top Story
F1B’s Executive Editor in Europe, Mark Hallam, has indeed verified that Toyota F1 based in Cologne Germany has officially parted ways with 500 employees. According to news agency DPA, the team has officially released 500 employees with 150 staying with Toyota to work on other racing initiatives.
With a partial salary and benefits [...]
Toyota Confirms F1 Departure
November 4, 2009 by mark h
Filed under Parc Fermé, Prime & Option, Top Story
Japan’s last F1 team has left the sport. As of now. Toyota has pulled out of Formula 1 with immediate effect. The world’s largest carmaker blamed the recession and faltering car market for its decision.
Toyota Motor Corporation (TMC) announces it plans to withdraw from the FIA Formula 1 world championship at the end of the [...]
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