TOYOTA GAZOO Racing and MoneyGram Haas F1 Team Agree on Technical Partnership for the Future of the Automotive Industry

TOYOTA GAZOO Racing and MoneyGram Haas F1 Team Agree on Technical Partnership for the Future of the Automotive Industry
Providing Drivers, Engineers, and Mechanics Chances to Develop by Facing Challenges at the Pinnacle of Motorsports

Toyota City, Japan, Oct 11, 2024 – (JCN Newswire) – TOYOTA GAZOO Racing (TGR) and MoneyGram Haas F1 Team announced today that they have concluded a basic agreement on entering a technical partnership concerning MoneyGram Haas F1 Team vehicle development and collaborative efforts. Through this partnership, the two sides aim to contribute to the development of the automotive industry by creating an environment in which young Japanese drivers, engineers, and mechanics can gain experience and grow in the FIA Formula One World Championship (F1), the pinnacle of motorsports.

TGR continues to compete in motorsports to hone the three essential elements of car manufacturing: people, pipeline*, and product. In the “driver-first” carmaking strongly advocated by Toyota Motor Corporation Chairman Akio Toyoda, aka Morizo, cars are repeatedly broken and fixed in the arena of motorsports, and professional driver feedback is thoroughly incorporated into the development of production vehicles. In recent efforts to strengthen this approach, there is a growing need to enhance people by developing drivers, engineers, and mechanics, to effectively use the pipeline of data analysis and utilization, and to apply insights gained to products through vehicle development. Through the technical partnership announced today, TGR intends to further strengthen people and learn MoneyGram Haas F1 Team’s pipeline, which is one of the team’s strengths in F1, to accelerate the creation of ever-better motorsports-bred cars.

Specifically, the agreement entails the participation in MoneyGram Haas F1 Team test drives by TGR training drivers, engineers, and mechanics. This will enable the drivers to gain driving experience in F1, and it will allow the engineers and mechanics to learn how to analyze vast amounts of data, such as driving data, to effectively operate a pipeline for such at TGR. The agreement also entails the participation of TGR engineers and mechanics in MoneyGram Haas F1 Team racing car aerodynamics development to cultivate human resources―by having participants design and manufacture carbon-fiber parts in simulated extreme operational environments―who can play active roles on the front lines of the pinnacle of motorsports and reflect the technology and knowledge acquired in production vehicles.

Sharing a desire to contribute to motorsports and the automotive industry through human resource development, TGR and MoneyGram Haas F1 Team intend to continue their initiatives for strengthening their racing teams.

*The know-how and infrastructure for multi-point sharing of vast amounts of data, such as ongoing-race driving data, immediately analyzing such data, and promptly utilizing it in strategic planning for the race at hand

About Toyota

Toyota strives to be a strong corporate citizen, engaging with and earning the trust of its stakeholders, and to contribute to the creation of a prosperous society through all its business operations.

Our corporate principles form the basis of our initiatives, reflect values that enable action, and drive our mindset.

For the latest Toyota-related news and information:
https://tinyurl.com/ToyotaPressRelease
[email protected]


Topic: Press release summary


Source: Toyota Motor Corporation

Sectors: Automotive

http://www.acnnewswire.com

From the Asia Corporate News Network

Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Toyota Motor Corporation
Oct 11, 2024 19:19 HKT/SGT

TOYOTA GAZOO Racing continues championship chase
Oct 10, 2024 17:05 HKT/SGT

Lexus Introduces Enhancements to the LX Series and the All-New LX 700h Featuring a Newly Developed Advanced Hybrid System
Oct 9, 2024 13:48 HKT/SGT

Toyota to Exhibit at Japan Mobility Show Bizweek 2024
Oct 3, 2024 14:59 HKT/SGT

Toyota to Invest $500 Million in Joby Aviation
Sept 17, 2024 14:01 HKT/SGT

Fuji frustration for TOYOTA GAZOO Racing
Sept 10, 2024 16:41 HKT/SGT

TOYOTA GAZOO Racing takes world title fight to Japan
Sept 6, 2024 14:10 HKT/SGT

Toyota’s Next-Generation BEV Battery Development and Production Plan Certified by METI
Sept 6, 2024 08:26 HKT/SGT

Toyota Motor Corporation and BMW Group Strengthen Collaboration Towards the Advancement of a Hydrogen Society
Sept 2, 2024 16:09 HKT/SGT

Terrific Texas fight back from TOYOTA GAZOO Racing
Aug 29, 2024 16:39 HKT/SGT

Toyota: Sales, Production, and Export Results for July 2024
More news >>

Leave a Reply

Your email address will not be published. Required fields are marked *