The new priority is more grass-roots racing that allows closer connection with the fans, such as NASCAR in the United States and events such as the Nürburgring 24-hour endurance race in Germany, senior managing director Tadashi Yamashina said.
The change in thinking was introduced by Akio Toyoda when he took over as president last June, Yamashina said. It also coincided with the company's worst financial crunch in seven decades, and Toyoda soon jettisoned the Formula One program in a cost-cutting drive.
Speaking on the sidelines of this year's Nürburgring race northwest of Frankfurt, Yamashina said the financial crisis only speeded up a decision that already was in motion.
Said Yamashina: “It might not have been so abrupt, but it would have happened.”
“President Toyoda's stance on motorsports is geared more toward the customer,” Yamashina said. “There is a big gap between Formula One and Toyota's actual car users.”
Formula One remains the pinnacle of auto racing, but its image grew too “elitist,” he said.
At races such as Nürburgring, Yamashina said, fans can get right into pit lane and mingle with the teams and touch the cars. They can soak up the atmosphere and feel a part of the event. By contrast, average fans have no hope of strolling the paddock at a Formula One race, he said.
“For the fortunate few who can afford to do that, it's fine,” Yamashina said. “I think the best kind of races are those in which people can get in close to the race.”
Yamashina broke down in tears at the press conference last November when Toyota announced it was pulling out of Formula One. Toyoda himself has cited the decision to quit the sport as one of his toughest calls as president, partly because it involved cutting jobs.