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Formula One
F1: Toyota’s Formula One Future Expected Sunday
This Sunday, November 8th, Japanese car maker Toyota is expected to announce its F1 plans for the 2010 season...
SPEED Staff / GMM  |  Posted November 03, 2009   GMM Newswire
Toyota's withdrawal from F1 opens the door for Sauber but will likely keep Japanese rookie F1 driver Kamui Kobayashi off the grid in 2010. (LAT Photoraphic)
Toyota has scheduled this upcoming Sunday to announce its plans about the 2010 Formula One Grand Prix season, it has emerged.

It was expected that the Japanese carmaker's decision about whether to continue funding its Cologne-based team would not be known until the much-vaunted Tokyo board meeting a week later.

Toyota's racing budgets are always approved in advance by the end-year board meeting, leaving some experts concerned that a separate announcement has been deemed necessary ahead of 2010.

The upcoming November 8th announcement was revealed by Germany's Auto Motor und Sport magazine, and the Independent newspaper in Britain also expects that "bad news" could be emanating from Toyota "later in the week".

"(Japanese) auto and auto part makers are questioning what they can gain now by spending hundreds of millions of yen in taking part in Formula One," said Tatsuya Mizuno, an auto analyst at Mizuno Credit Advisory.

On the bright side, Toyota's withdrawal would make room for Sauber, whose official application to race in 2010 will be automatically activated in the event of a vacancy.

But it would be very bad news for Kamui Kobayashi, the Japanese F1 rookie who has impressed Toyota with his two races in Brazil and Abu Dhabi.

The 23-year-old told reporters before leaving the Yas Marina Circuit that he has "no budget" to fall back on GP2 in 2010, after finishing sixteenth in the F1 feeder category this season.

"I would probably go back to Japan to maybe work with my father in his sushi restaurant. It was like that two months ago," said Kobayashi.

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