Motor racing-Toyota scale back 2009 F1 launch to cut costs

Newswire

LONDON, Nov 26 (Reuters) - Toyota have scaled back the launch of their 2009 Formula One car as part of cost-cutting measures. "To emphasise its commitment to overall cost reduction in Formula One, the team will not proceed with its traditional pre-season event programme," Toyota said in a statement on Wednesday. Instead of a formal launch at the team's Cologne factory, with reporters and company officials flown in from around the world, studio images of the new TF109 car will be unveiled ...

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