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Toyota withdraws from Formula One

TOKYO, Nov 04, 2009 (Xinhua via COMTEX) --

Company: Toyota Motor Corp. (TM)

Toyota Motor Corp announced on Wednesday its withdrawal from Formula One motor racing championship next year.

The decision left the renowed race without Japanese carmker after Honda quit late last year citing financial difficulty amid global economy slowdow.

Copyright (C) 2009 Xinhua. All rights reserved

News Provided by COMTEX

Company: Toyota Motor Corp. (TM)


Related terms: economy, formula one, japan

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