Nov 3rd, 2009 - Reuters
Related topics:
* Toyota to pull out of F1
* Possible legal ramifications (Adds background)
TOKYO, Nov 4 (Reuters) - Toyota Motor (7203.T) willannounce on Wednesday a plan to pull out of Formula One racingafter this year, Japan's Mainichi newspaper reported onWednesday.
The reported withdrawal comes as the auto industry startsto stabilise after a sales crunch in the wake of the financialcrisis.
If confirmed, Toyota's pullout would be another major blowfor Formula One after Japan's number two carmaker Honda quitthe series last December to cut costs.
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