Toyota has threatened to quit F1 in 2010 if the if the proposed £40 million voluntary budget cap is brought in.
Toyota’s motorsport president, John Howett, told news agency Reuters at the Spanish Grand Prix on Saturday that a two-tier system, where budget-capped teams will be allowed greater technical freedom, would be grossly unfair.
“I think it's very clear that with a double tier championship, you have to go for the £40 million cap because the (capped) cars will be quicker,” he said. “If nothing changes, we won’t be submitting an entry [for next year’s championship].
“We would love to stay here and we want to compete in the premier level of motorsport. But I think it has to be said that given the current situation as we stand today, it is impossible to submit an entry.”
The comments by Howett, who is also vice-chairman of the Fomula One Teams’ Association (FOTA), echo the views of FOTA’s president, Luca di Montezemolo. Di Montezemolo has described the proposals as “fundamentally unfair and perhaps even biased”.