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Toyota pulls out of Formula One
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TOKYO (Reuters) - Toyota Motor Corp said on Wednesday it was pulling out of Formula One racing.
Toyota, the world's largest carmaker, was the last Japanese team left in the sport following Honda's withdrawal last December to cut costs amid a severe market downturn.
(Reporting by Alastair Himmer)
(To query or comment on this story email sportsfeedback@thomsonreuters.com)
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