| British Formula One racing team WilliamsF1 | | | | Okamoto, the Executive Vice President of |
| announced last Thursday, July 27, that Toyota | | | | Toyota Motors. |
| Motors will be the official engine supplier of | | | | John Howett, President of Toyota Motor sport |
| WillilamsF1 for the next three consecutive years. | | | | also said: "We are pleased to be selected as the |
| In accordance with this, WilliamsF1 will end its | | | | engine provider to Williams and look forward to |
| one-year partnership with Cosworth, which is its | | | | establish a strong relationship with them. We look |
| current engine and transmission supplier. This will | | | | forward to both teams using each other as a |
| leave Cosworth without any supported racing | | | | comparative benchmark from which each can |
| team in the upcoming 2007 season. Toyota will | | | | improve its own performance and to competing |
| also have to make their final decision on whether | | | | with each other at the front of the grid." |
| to abandon their own racing team to provide their | | | | The Team Principal of WilliamsF1, Frank Williams, |
| full support for WilliamsF1, or to continue their F1 | | | | stated, "This agreement is the cornerstone of |
| team. | | | | Williams' challenge for the World Championship. |
| The agreement was signed by both companies | | | | Toyota is an impressive and remarkable industrial |
| and will take effect starting 2007. According to | | | | giant, with the most phenomenal reputation for |
| the terms of agreement, WilliamsF1 will utilize | | | | achieving the goals it sets itself. We are proud to |
| engine specifications the same as the engines | | | | have secured their support in our efforts to |
| used by Panasonic Toyota Racing or the Toyota | | | | return to our competitive best." |
| F1. Both racing teams are looking forward to | | | | The technical expertise of Toyota that made the |
| attain essential benefits of their partnership. | | | | best hybrid car Toyota Prius and Toyota Prius |
| "We are delighted to be supplying Williams with | | | | parts will bring significant advantages along with |
| engines from 2007 and working alongside a team | | | | the years of experience in racing competitiveness |
| rich in history and Formula One spirit," said Kazuo | | | | for WilliamsF1. |