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Japan’s Recession Affects Motorsports Landscape

The current economic recession has been felt all over the world, in all walks of life, and the world of motorsports is no exception. In fact of, of all sports, motorsport has taken one of the hardest hits. NASCAR has certainly hit rough times. NASCAR CEO, Bill France, and team owners have been trying to fight the fall of the American car industry by inducing the merger of competitive teams, staff cutbacks and teams without sponsors. Japanese racing teams have a different approach—pull out of racing all together. Today, Toyota announced it would be completely withdrawing from Formula One racing after the 2009 racing season. Toyota becomes the third manufacturer to leave the sport this season alone: Honda left at the start of the season a...

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