- Jul 7, 2009
REPORT: Cost cutting leads Toyota to cease hosting Japanese Grand Prix
In spite of that, Toyota deemed the $20-to-$30 million dollars necessary to hold a Grand Prix -- a mere fraction of the money it spends on its F1 team – couldn't be justified. Said Hiroaki Kato, president of Fuji Speedway (above), trading conditions have made the race "extremely difficult."
This year's Japanese GP will be held at Honda's Suzuka as scheduled, but next year's race will need to be decided on. Honda has said it has no idea where the 2010 race will be held.
[Source: AFP via Google | Image: Yoshikazu Tsuno/Getty]