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Motor racing-Toyota slashed F1 budget after Honda pullout

Newswire

By Alastair Himmer

TOKYO, March 16 (Reuters) - Toyota came close to following Honda out of Formula One after their Japanese rivals pulled out of the glamour sport to cut costs in December, Toyota team principal Tadashi Yamashina told Reuters on Monday.

"Our Formula One budget was cut again and again from its ...

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