Williams & Toyota agree Formula One engine supply
WilliamsF1 and Toyota Motorsport GmbH today confirmed that
an agreement has been reached yesterday evening between the
two parties for a three year Formula One engine supply partnership.
The agreement will see WilliamsF1 powered by Toyota engines
commencing with the 2007 season.
Under the terms of the agreement, WilliamsF1 will use the
same specification of engine as Panasonic Toyota Racing. Both
Williams and Panasonic Toyota Racing see significant benefits
from a relationship based on robust on-track competition and
close off-track co-operation.
On the announcement of the agreement, Toyota's Executive
Vice President Kazuo Okamoto said, "We are delighted
to be supplying Williams with engines from 2007 and working
alongside a team rich in history and Formula One spirit."
John Howett, President of Toyota Motorsport, added: "We
are pleased to be selected as the engine provider to Williams
and look forward to establish a strong relationship with them.
We look forward to both teams using each other as a comparative
benchmark from which each can improve its own performance
and to competing with each other at the front of the grid."
For his part, WilliamsF1's Team Principal, Frank Williams
commented, "This agreement is the cornerstone of Williams'
challenge for the World Championship. Toyota is an impressive
and remarkable industrial giant, with the most phenomenal
reputation for achieving the goals it sets itself. We are
proud to have secured their support in our efforts to return
to our competitive best."
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