Wednesday, November 3, 2010

Ex-Toyota F1 team happy with new life

Toyota Motorsport GmbH (TMG) says it is delighted with the success of its transformation into an engineering business since the company's departure from Formula 1, which was announced a year ago today. The motorsport facility was not disbanded when Toyota pulled its works team out of F1, and has since diversified into commissions varying from providing a car for Pirelli's F1 tyre development tests, to new electric racing cars and a large number of high-tech projects for the automotive industry. "This has been a breakthrough year for us," said Jens Marquardt, TMG's general manager business development in the company's annual review

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