Now what do you make of this? Proton’s wholly owned subsidiary Group Lotus plc is tying up with the Renault F1 team.
We should learn the lessons from Honda, Toyota and BMW quitting Formula One. See this BBC report:
Toyota has confirmed that it is pulling out of Formula 1 racing after posting its worst financial loss.
The world’s largest car manufacturer will concentrate on its core business.
Toyota president Akio Toyoda said the Japanese team had no option but to pull out citing “the current severe economic realities” affecting the world.
The team failed to win any of the 139 races it entered after making its F1 debut in 2002 but was fifth in the 2009 constructors’ championship.
Toyota’s withdrawal leaves the sport with no Japanese team after Honda left F1 at the start of the 2009 season. They become the third manufacturer to quit the sport in the last 11 months after BMW announced it was leaving in July.
Apart from this, if we are serious about curbing climate change, preserving depleting oil reserves and promoting green technology and public transport, an oil-guzzling motor racing sport may not be the most appropriate choice for a GLC to be involved in.
