Toyota Motor Corp. confirmed Thursday it will not renew its top-tier sponsorship contract with the International Olympic Committee at the end of the year. Toyota Chairman Akio Toyoda announced the decision via the Japanese automaker’s media channel, while raising doubts about whether athletes are being put first in the Olympics. “With the increasing political undertone of the games, we were wondering if this was the right way to go,” Toyoda said. The company will continue to support individual athletes and the International Paralympic Committee via its foundation, he said. Toyota, which entere…