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Formula One
F1: Toyota Says No To Selling Team
Toyota has rejected the idea of following the example of fellow car makers Honda and BMW...
SPEED Staff / GMM  |  Posted November 06, 2009   GMM Newswire
Toyota team president John Howett said that the idea of selling the team has been rejected by the Toyota Motor Corporation. (Photo: LAT Photographic)

Toyota has "rejected" the idea of following the example of fellow car makers Honda and BMW.

When Honda withdrew from F1, the Japanese car maker agreed to hand over its Brackley based team to managers including Ross Brawn and Nick Fry for a symbolic British pound.

And when BMW made the decision to leave the sport, it was sold to the Qadbak consortium.

But team president John Howett said those options have "already been discussed and rejected" by the Toyota Motor Corporation.

"Maybe these ideas can be reopened but, at the moment, it would appear not," he told the Times.

One positive element in Toyota's F1 exit is its role as the savior of the Sauber team, who were waiting for a spot to open up on the 2010 grid.

But as yet the Hinwil based team has made no formal comment.

Founder Peter Sauber tells Switzerland's 20min.ch: "The (takeover) contract between BMW and Qadbak is only in force if the FIA officially confirms the entry for 2010.

"BMW is still the owner and is therefore responsible for the communication. Personally I'm in the passenger seat at the moment," the Swiss added.

The FIA said it was studying the legality of the Toyota move because it has "a direct bearing on the admission of any future 13th entry".
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