Automotive News

Reports on the latest technological advances in the auto industry.

2005/10/28

Panasonic Signs to Renew Title Sponsorship of Toyota F1 Program for Three More Years

@ 06:54 AM (34 months, 14 days ago)
Panasonic, the leading brand for which Matsushita Electric Industrial Co., Ltd. is known, and TOYOTA MOTOR CORPORATION (TMC) announced today that they have agreed and signed a contract to renew Panasonic's title sponsorship of the Toyota Formula One (F1) program. Panasonic has been Toyota F1's title sponsor since Toyota entered into the FIA Formula One Championships in 2002, and the current contract is valid through the end of 2006. The renewed, three-year contract is valid through the end of 2009. The team, the name of which - Panasonic Toyota Racing - remains the same, will continue challenging Formula One Championships at circuits around the world. Panasonic and TMC have been building a longstanding business relationship thro...

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