Toyota ends sponsorship with ‘political’ Olympics

Japanese auto giant Toyota is to end their top-tier Olympics sponsorship, its chairman has said, citing the sporting showpiece’s “increasingly political” influence that puts athletes on the back burner.

Toyota struck a 10-year sponsorship deal in 2015 with the International Olympic Committee (IOC).

But now, with the Paris Games over, the carmaker decided to end the contract, chairman Akio Toyoda said during a podcast episode uploaded Thursday on the firm’s own YouTube channel.

“I’ve wondered for a while now whether the event is truly putting athletes first”, Toyoda said.

“It is also becoming increasingly political”.

The withdrawal means Olympics logos currently carried by Toyota products will be phased out, and its vehicles will no longer be provided to assist with the event, the chairman said.

Public broadcaster NHK said the company is also ending its Paralympics sponsorship deal.

“For me, the Olympics should simply be about watching athletes from all walks of life, with all types of challenges, achieve their impossible,” Toyoda told the US auto dealers.

Toyota follows another Japanese company Panasonic in ending their association with the Olympics.

Panasonic announced their withdrawal earlier this month citing “management considerations”.

The electronics giant said it agreed with the IOC not to extend their sponsorship agreement when the current contract expires in December.

Panasonic became an “official Worldwide Partner of the Olympic Games” in 1987 and expanded its sponsorship to the Paralympics from 2014.

But it decided to let the contract expire “as the Group continually reviews how sponsorship should evolve with broader management considerations”.

“As a result of this review, and after extensive consultation with the IOC, the parties agreed to refrain from renewing the Olympic and Paralympic Partner Agreement,” Panasonic said without offering details.

from The Dawn News - Home https://ift.tt/eh8sGHO

Comments

Ministers rubbish notion that proposed retirement age extension to favour ‘one particular institution’

Information Minister Attaullah Tarar on Tuesday rubbished the notion that a proposed extension in the retirement age was to favour “one particular institution”, adding that the move would be implemented across the board if approved. The rebuttal comes in the wake of media reports claiming that the government was mulling changes to the Constitution to fix the tenure of the chief justice . Currently, judges of the Supreme Court, including the chief justice, retire after attaining the age of superannuation, i.e. 65 years, as stipulated in Article 179 of the Constitution. While giving his opinion recently on the reports of the constitutional amendment, Law Minister Azam Nazeer Tarar had said he “will not vehemently turn down the proposals related to the tenure of the chief justice”. Addressing the issue during a press conference in Islamabad today along since Finance Minister Muhammad Aurangzeb and the law minister, Attaullah said the extension in the retirement age was “a proposal to a...

The Republican primary race for president in 2024

The Republican primary race for president in 2024 is already shaping up to be a competitive one. There are a number of high-profile candidates who have already announced their intention to run, and more are expected to join the field in the coming months. The frontrunner for the nomination is former President Donald Trump. Trump has been teasing a 2024 run for months, and he has a large and loyal following among Republican voters. However, he is also a polarizing figure, and his candidacy could alienate some moderate Republicans. Another potential contender for the nomination is Florida Governor Ron DeSantis. DeSantis has been praised by many conservatives for his handling of the COVID-19 pandemic and his opposition to vaccine mandates. He is also seen as a rising star in the Republican Party. Other potential candidates include former Vice President Mike Pence, former Ambassador Nikki Haley, and Senator Tim Scott. Pence is a more traditional Republican who could appeal to moderate vote...

Islamabad court issues non-bailable warrants for KP CM Gandapur in 2016 weapons and liquor case

An Islamabad district and sessions court on Wednesday issued a non-bailable arrest warrant for Khyber Pakhtunkhwa Chief Minister Ali Amin Gandapur in connection with a 2016 case , in which he was accused of carrying alcohol and unlicensed weapons. On July 29, Civil Judge Shaista Khan Kundi summoned Gandapur for recording his testimony in the case. Judge Shaista had directed Gandapur to ensure his presence on September 4 (today) for recording his statement under section 342 of the criminal procedure code (CrPC), observing that he has already skipped five hearings in the case. In the hearing today, the judge rejected Gandapur’s request for exemption from physical appearance in court on medical grounds. The court ordered Station House Officer (SHO) Bhara Kahu to arrest and produce Gandapur in court tomorrow. Gandpaur’s lawyers Raja Zahoorul Hassan and Fatehullah Burki appeared in court, engaging back and forth on Gandapur’s absence from court. “Where is the accused? The case was ca...

Infinity Social Updates

Search This Blog