Wednesday, March 18, 2009

Toyota by surprise in the budget cuts

The head of the Toyota Formula 1 team, Tadashi Yamashina, said that since his stay in the team had not seen the budget cuts that have been suffering this year, and constantly have even indeed jeopardize their participation.

"Our budget for Formula 1 was cut again and again to the original. He was cut again after the farewell Honda, and a month after he was cut after they were revised annual earnings of Toyota. I can not reflect the dramatic that the budget has been reduced to the F-1, but throughout my time at Toyota had never seen cuts like these, "Yamashina said the Reuters news agency.

Japanese team has not yet won a race in his seven years in the 'big circus' and spent about $ 300 million in 2008, an amount only surpassed by Honda. Toyota finished fifth in the World Constructors' and taste the podium with German Timo Glock, in the second GP of Italy, and Italian Jarno Trulli, third in the German GP.

Winning and results are important, but there are other factors. This is a business and unless we make the team viable, next year we will have to cut costs again, "he said. However, Toyota was able to dodge the crisis and a possible abandonment of the F-1, which did not prevent his fellow Honda GP Brawn now become, thanks to the renewal of its sponsorship with the company Panasonic.

"It was very difficult. Dismissing people and reduce costs is part of the business, you have to do to survive. The people in this business thinks that there is no problem in having to reduce the budget or how much we have to minimize andalusia team, "said the head of Toyota, which have reduced their stress tests and to continue" under a hard control spending. "

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