Toyota only made the decision to abandon its Formula One program a few weeks ago, but the lead time for developing a new car is a much longer than that. The engineering team at Toyota's Cologne F1 headquarters had been working on the 2010 car for most of 2009, and the actual design is already complete and ready for construction.
Toyota Formula One
Here's a little problem to solve: Although budgets are shrinking, it still costs million to run a Formula One team. On the other hand, the teams go through spare parts like a rib joint does napkins. Meanwhile, collectors and enthusiasts have proven willing to shell out big bucks for authentic memorabilia. Found the magic solution yet? Several F1 teams have, opting to sell off parts of last year's cars for big bucks. And the latest to join the fold is Toyota.