In 2007 the Grand Prix moved back to the newly redesigned Fuji Speedway.[1] After a second race at Fuji in 2008, the race returned to Suzuka in 2009, as part of an alternating agreement between the owners of Fuji Speedway and Suzuka Circuit, perennial rivals Toyota and Honda. However, in July 2009, Toyota announced it would not host the race at Fuji Speedway in 2010 and beyond due to a downturn in the global economy,[2] and so the Japanese Grand Prix was held at Suzuka instead. Suzuka has hosted the Japanese Grand Prix every year since 2009.