 Jarno Trulli finished ninth in his Toyota in the 2008 Championship standings
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Toyota, Ferrari and Mercedes have all expressed their determination not to follow Honda out of Formula One.
After financial reasons forced Honda to quit the sport, motorsport boss Max Mosley warned cost cutting was vital.
Having cancelled a media gathering for a car launch next year, Toyota said they were "committed to succeeding in Formula One and to reducing costs".
Mercedes, maker of Lewis Hamilton's car, said its involvement was "built on financially solid foundations".
The Formula One Teams Association (Fota) met on Thursday to discuss its own proposals and said agreement had been reached on "substantial cost-cutting for 2009 and 2010, and additional initiatives to improve the show".
With top teams spending about £300m a year, Mosley, president of governing body the International Automobile Federation (FIA), said the sport had to cut soaring costs.
Despite Mosley describing the team's cost-cutting proposals as "fiddling about", Toyota - who have one of the biggest budgets in F1 - are sure they are on the right path.
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"We are contributing to the Fota activities which will achieve significant cost reductions, whilst maintaining the spirit of the sport," a statement from the manufacturer read.
"We hope Fota's proposals and activities will be given the widespread support they deserve as they provide the sound, stable base Formula One requires at this time."
Meanwhile, the chairman of Ferrari was positive about the sport's future.
Luca Cordero di Montezemolo said: "We unanimously agreed to important short and long term measures, for 2009 and 2010.
"We gave a new push toward a reduction in costs especially to help the smaller teams already from the next season."
Norbert Haug, the head of Mercedes Motorsport which powered Hamilton to his recent title victory, also revealed his team were working hard on measures to reduce costs.
"Our Formula One involvement is built on financially solid foundations and is in large part financed by our sponsoring partners," he said.
"Mercedes-Benz's contribution is cost-efficient, the resonance in the media and in the public which last season and Lewis Hamilton's win generated was worth many times our financial investment."
Haug added that over the next two years they "must achieve cuts of at least 50%".
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