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Toyota reaffirms commitment to NASCAR

9 November 2009

Don't expect Toyota's recently-announced withdrawal from Formula One racing to signal a pullback from NASCAR racing.

But don't expect it to be a windfall for Toyota's stock-car effort, either.

Toyota Racing Development president Lee White said Saturday at Texas Motor Speedway that the Formula One pullout "should have no effect whatsoever on our NASCAR program, our NASCAR plans and our NASCAR future. We remain completely committed to NASCAR - and NASCAR is completely committed to us."

Asked whether any of the estimated $300-$500 million saved from the F1 budget would accrue to the NASCAR program, White demurred.

"The economy remains very challenging for the automotive industry," he said. "So we don't expect one penny of that reduction in cost would come here to benefit our NASCAR program."

Toyota currently supports eight teams in NASCAR's Sprint Cup Series.

by Reid Spencer/Sporting News


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