Oyama, Oct 11
Japanese car maker Toyota have confirmed their return to Formula 1 for the first time since 2009 after signing a technical partnership with the Haas F1 Team that begins immediately.
Under the new multi-year agreement both parties will share expertise and knowledge, as well as resources – with Toyota Gazoo Racing providing design, technical and manufacturing services while Haas F1 Team will offer technical expertise and commercial benefits in return.
"With an objective to advance Haas F1 Team’s development and competitive element within Formula 1, Toyota Gazoo Racing will further develop its own knowledge and skills in a variety of areas through its involvement with the team competing at the leading edge of global motorsport," the Formula 1 team said in a statement.
Toyota spent eight seasons in Formula 1 as a works team and engine supplier, scoring 13 podiums and achieving a best finish of fourth in the constructors’ championship.
"I’m hugely excited that MoneyGram Haas F1 Team and Toyota Gazoo Racing have come together to enter into this technical partnership,” stated Ayao Komatsu, Team Principal of Haas F1 Team.
President of Gazoo Racing Company Tomoya Takahashi added, "We are pleased to announce that MoneyGram Haas F1 Team and Toyota Gazoo Racing have concluded a basic agreement to enter a technical partnership such as Haas vehicle development.