14/08/2006
NEWS STORY
In response to Toyota's decision to leave the Grand Prix Manufacturers' Association, the following statement was issued by the GPMA on Monday afternoon:
The Grand Prix Manufacturers Association respects Toyota’s decision to leave the GPMA and wishes to thank Toyota for the support and dedication it has shown to the other manufacturers and the sport.
During Toyota’s tenure, the GPMA has agreed a Memorandum of Understanding with the sport’s commercial rights holder and made progress in its discussions with the governing body.
The GPMA will continue its efforts to address the long term strategic issues of Formula One, and the manufacturers and their teams remain dedicated to establishing a satisfactory regulatory structure and finalizing a new Concorde Agreement.
The GPMA already cooperates with car manufacturers who are not formal members and Toyota will remain an intrinsic part of that process. Toyota will be welcome to rejoin the manufacturers’ alliance at a later stage.