Fools rush in where angels fear to tread...

A person who does not plan ahead and think matters through becomes involved in risky or unfavorable situations which prudent people avoid.

But with government involvement, and tacit guarantee, why worry?

Now Toyota quits Formula One

...citing the “the current severe economic realities”.

A bit like Honda last year, the decision may also make good business sense. Spending such large sums on a sport that isn’t a huge draw in the U.S. isn’t the best use of limited resources. On top of that, gas guzzling F1 cars don’t sit comfortably with Toyota’s carefully honed “green” image, while it’s hard to see their relevance to any of the company’s production cars, save the Lexus LFA. And, if all that isn’t reason enough, F1’s teams and management haven’t covered themselves in glory in recent times. In 2007, the McLaren team was fined $100 million for its part in a spying scandal. Last year, Toyota was one of several teams that put its name to a statement attacking Max Mosley, the chairman of the sport’s governing body, after he became embroiled in an embarrassing sex scandal. And this year Flavio Briatore, the chief of the Renault team, was banned for life after instructing one of the team’s drivers to crash on purpose.

Rest of the report:

http://www.businessweek.com/autos/autobeat/archives/2009/11/now_toyota_quit.html

So soon after 1Malaysia Formula1, telling Cuepacs not to demand higher pay sounds...unconvincing?
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