The economic crisis is hitting hard on Formula 1 teams, barely 2weeks since the BMW team said goodbye to F1, Toyota has announced that it will not be competing in F1. Toyota has been in F1 for 8 years and has not managed to win a race and with the company posted its largest financial loss earlier this year, it was a expected decision.
Next season see’s 4 new teams US F1, Campos Grand Prix, Manor Grand Prix and Lotus F1 making its debut and time will tell if there are going to be more entries to F1. Looks like there is going to be a massive change in teams and drivers for the new season.
Watch video
