It’s the 22nd December 2008 and this is F1Minute.

Toyota have announced a forecast for this financial year that sees their first ever operating loss. Last year, the automotive giant made a record profit of over $25 billion which has now turned into a loss of $1.7 billion. Team President John Howett has clarified that Toyota remain committed to Formula 1 and the team are not struggling. He said it’s not just motorsport teams suffering and that he was more concerned with the 2009 regulations than any budget problems.

Talking of the ‘09 rules, Sebastian Vettel has added his voice to those worried about the safety of KERS. He said: "My concern is that so far no one has had a real thought about safety. It has to be quicker, it has to be reliable, but under any scenario it has to be safe for us drivers - and all the people working around the car.” Apparently Red Bull won’t even run their KERS device until February, which is leaving things to the last moment.

That’s it for today, please join me again tomorrow for another F1Minute.