Toyota has relinquished its Formula One entry for the next three years and has no interest in selling it to another team, according to a company source.
The source told autosport.com that the team was working on a financial settlement with F1 supremo Bernie Ecclestone over its pull-out and that it would not be interfering with the selection process for the final grid slot, which has gone to Sauber, by choosing who to sell its grid entry to.
"We have returned our entry to the FIA and have no intention or wish to influence or interfere in the allocation process," said the source. "That is a matter for the Federation. We are discussing a settlement with Bernie on the basis of goodwill and what is acceptable to all parties."
Toyota seemed to be facing a major fine for withdrawing from the sport, having committed itself to F1 for the next three years by signing the new Concorde Agreement over the summer, but it is not clear how this would be imposed.
The source also said the team was working on selling the design and intellectual property on its 2010 car on to the sport's new teams.