CONCORD, N.C. — MoneyGram Haas F1 Team and Toyota Gazoo Racing, the motorsport competition and research and development division of Japanese automotive manufacturer – Toyota Motor Corp., confirmed a new and dynamic collaborative relationship.
Toyota Gazoo Racing becomes the Official Technical Partner to the only American team competing in the FIA Formula 1 World Championship.
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 MoneyGram Haas F1 Team will offer technical expertise and commercial benefits in return. With an objective to advance MoneyGram 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.
Toyota enjoys a rich and storied history in motorsport dating back more than 60 years, while its current-day efforts, through Toyota Gazoo Racing, include front-running entries in the FIA World Rally Championship and FIA World Endurance Championship.
Starting with the United States Grand Prix Oct. 18-20, Toyota Gazoo Racing branding will be present on the VF-24s entered by MoneyGram Haas F1 Team and driven by Nico Hulkenberg and Kevin Magnussen.
“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 MoneyGram Haas F1 Team. “To have a world leader in the automotive sector support and work alongside our organization, while seeking to develop and accelerate their own technical and engineering expertise – it’s simply a partnership with obvious benefits on both sides. The ability to tap into the resources and knowledge base available at Toyota Gazoo Racing, while benefiting from their technical and manufacturing processes, will be instrumental in our own development and our clear desire to further increase our competitiveness in Formula 1. In return we offer a platform for Toyota Gazoo Racing to fully utilize and subsequently advance their in-house engineering capabilities.
“I’m naturally pleased that we’ve had the support of the likes of Formula 1 and our long-term partner, Scuderia Ferrari – who we announced our further continuation with earlier in the season, in the formation of this new technical partnership – designed to achieve continued success in our Formula 1 endeavors. Together with Gene Haas, I’d specifically like to thank Stefano Domenicali (CEO – Formula 1) and Fred Vasseur (Team Principal – Scuderia Ferrari) on that front, and with Toyota I’d like to thank Akio Toyoda (Chairman – Toyota Motor Corporation), Tomoya Takahashi (President – GAZOO Racing Company) and Masaya Kaji (Project Manager – Gaz00 Racing Company). Everyone at MoneyGram Haas F1 Team is looking forward to the collaborative results of this new relationship, we can’t wait to get started and fulfil our combined ambitions.”