The Grand Prix Manufacturers Association, the grouping of Formula One car manufacturers, said it respected Toyota’s decision to leave the GPMA.
It said the GPMA would continue to address the long-term strategic issues of Formula One, and the manufacturers and their teams remain dedicated to establishing a satisfactory regulatory structure and finalising a new Concorde Agreement.
The GPMA cooperates with manufacturers who are not formal members and Toyota will remain part of this process. Toyota will be welcome to rejoin the manufacturers' association at a later stage.
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