Toyota won't host F1 race in 2010

Updated: July 7, 2009, 8:55 AM ET
Associated Press

TOKYO -- Toyota-owned Fuji International Speedway says it will pull out of hosting the 2010 Japanese Formula One Grand Prix and beyond because of the prolonged economic slump.

"It has become extremely difficult for us to host the F1 Grand Prix as we face the deteriorating economic environment and see few signs showing a swift economic recovery," Fuji Speedway said in a statement Tuesday.

Fuji Speedway, which is 93.4 percent owned by Toyota Motor Corp., hosted the Japanese Grand Prix in 2007 and 2008 for the first time in 30 years, replacing the Honda-owned Suzuka circuit, which is hosting the race this year.


Copyright 2009 by The Associated Press