Toyota Motorsport departed from the Formula 1 this year and since then, the company transformed into an engineering business and has been quite successful. The company is delighted with its decision and they hope to succeed further with due time.
This was a huge step forward for the company according to Jens Marquardt, TMG’s General Manager Business Development, in the company's annual review, who claimed: “This has been a breakthrough year for us.”Team Toyota pulled out of the Formula 1 but did not disband from the motorsport facility. However, Toyota has expanded vitally into commissions, from providing a car for Pirelli’s F1 tyre development tests to a new idea of electric racing cars and a number of large high-tech projects for the automobile industry, according to reports.
“We faced many challenges in November 2009 when our F1 participation ended but we met them with courage and optimism. Now our hard work is delivering results, so we can look back with satisfaction on the last 12 months,” he added. The company has proved that the technologies and skills applied in the F1 could be easily applied in non-motorsport applications.
“The legacy from our Formula 1 participation is a facility equipped with all the automotive development tools imaginable and a highly-skilled group of engineers to make the most of them,” said Pascal Vasselon, GM Chassis of TMG. Vasselon says that it has been incredible to see how the experienced engineers reacted after they visited the Toyota facilities for the first time and understood the processes they have in place.
“I think there is a belief that F1 engineering is a very narrow specialisation. But our customers are hugely impressed to learn about the breadth of our engineering expertise and the variety of equipment available,” he added.