Toyota officials called the withdrawal from F1 complete, making a return to the sport when and if conditions improve unlikely. Toyota is seeking to cut costs as it expects to post an operating loss for the six months ending on Sept. 30. Full Article at The Batavia Daily News

For anyone concerned about the health of Japan's automakers, Toyota's return to profit is in some ways the most encouraging development. Full Article at Business Week

Toyota Motor Corp. said Thursday it returned to a profit in the latest quarter and trimmed its projected red ink for the year, underlining the gradual recovery under way for Japan's giant automakers. Full Article at Taiwan News