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| Carmaker Toyota braced for bad news |
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Dec.22 (GMM) The eyes of the formula one world have flicked nervously to Toyota, not yet three weeks after fellow struggling Japanese carmaker Honda announced it is withdrawing from the sport.
Toyota, the world's largest automaker, said in a statement on Monday it expected to record its first ever operating loss, to the tune of $1.7 billion in the year through March. The projected loss replaces the previous prediction of a $6.7 billion profit, raising serious questions about the manufacturer's commitment to its Cologne based formula one team. "The environment we're in is extremely tough," president Katsuaki Watanabe told reporters in Nagoya. "We're facing an unprecedented emergency situation. Unfortunately, we can't see the bottom." In an attempt to cut costs due to the slumping demand for new cars and the stronger yen, Toyota has already cut contract jobs, production and executive pay including board members' bonuses.
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All Formula 1 News
Monday, 15. March 2010
10:00 - 2010 Championship standings
Sunday, 14. March 2010
18:31 - Bahrain debrief: Mercedes
17:27 - Bahrain Review: Lotus
17:25 - Bahrain Review: Toro Rosso
17:22 - Bahrain Review: Red Bull
17:19 - Bahrain Review: Ferrari
17:18 - Bahrain Review: Williams
17:17 - Bahrain Review: Renault
17:13 - Bahrain Review: BMW Sauber
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2010 guide
| Bahrain GP - Sakhir |  |  |  |
| Friday practice 1 |  | 07.00 | |
| Friday practice 2 | | 11.00 | |
| Saturday practice | | 08.00 | |
| Qualifying | | 11.00 | |
| Race | | 12.00 |
2010 Calendar
| Race | Grand Prix | Date |
| 1 | Bahrain GP | 14 March |
| 2 | Australian GP | 28 March |
| 3 | Malaysian GP | 4 April |
| 4 | Chinese GP | 18 April |
| 5 | Spanish GP | 9 May |
| 6 | Monaco GP | 16 May |
| 7 | Turkish GP | 30 May |
| 8 | Canadian GP | 13 June |
| 9 | European GP | 27 June |
| 10 | British GP | 11 July |
| 11 | German GP | 25 July |
| 12 | Hungarian GP | 1 August |
| 13 | Belgian GP | 29 August |
| 14 | Italian GP | 12 September |
| 15 | Singapore GP | 26 September |
| 16 | Japanese GP | 3 October |
| 17 | Korean GP | 17 October |
| 18 | Abu Dhabi GP | 31 October |
| 19 | Brazilian GP | 14 November |
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