Williams-Toyota, its official!

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manchild
manchild
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Williams-Toyota, its official!

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TOYOTA ENGINE SUPPLY

WilliamsF1 and Toyota Motorsport GmbH today confirmed that an agreement was reached yesterday evening between the two parties for a three year Formula One engine supply partnership. The agreement will see WilliamsF1 powered by Toyota engines commencing with the 2007 season.

Under the terms of the agreement, WilliamsF1 will use the same specification of engine as Panasonic Toyota Racing. Both Williams and Panasonic Toyota Racing see significant benefits from a relationship based on robust on-track competition and close off-track co-operation.

On the announcement of the agreement, Toyota’s Executive Vice President Kazuo Okamoto said, "We are delighted to be supplying Williams with engines from 2007 and working alongside a team rich in history and Formula One spirit."

John Howett, President of Toyota Motorsport, added: "We are pleased to be selected as the engine provider to Williams and look forward to establish a strong relationship with them. We look forward to both teams using each other as a comparative benchmark from which each can improve its own performance and to competing with each other at the front of the grid."

For his part, WilliamsF1’s Team Principal, Frank Williams commented, “This agreement is the cornerstone of Williams’ challenge for the World Championship. Toyota is an impressive and remarkable industrial giant, with the most phenomenal reputation for achieving the goals it sets itself. We are proud to have secured their support in our efforts to return to our competitive best.”
:cry:
Last edited by manchild on 27 Jul 2006, 21:58, edited 1 time in total.

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jgredline
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I will bet williams will win a grand prix before toyota
To finish first, first you must finish.

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Vasco
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Location: Johannesburg, South Africa

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Is there any reason why the did it. I got the impression that cosworth had potential. It would have been nice to see williams and cosworth reach the top together some day. Ah well mayb williams want results immediatley.

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andyF1
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Vasco wrote:Is there any reason why the did it. I got the impression that cosworth had potential. It would have been nice to see williams and cosworth reach the top together some day. Ah well mayb williams want results immediatley.
Money / major engine manufacturer support.

Toyota is a very large company that can spend huge ammounts of money on engine development Cosworth is not.

RH1300S
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Also, long term the Toyota will probably be a better engine than the Cossie (budgets will allow that).

If you were selling space on your car it's probably an easier sell to say Williams partnered with a massive global corporation than Williams partnered with a sort of obscure engineering company. So, the deal can bring money to Williams in other ways.

Don't take this the wrong way, Cosworth deserve huge credit for what they do.....I think the reality is somewhere along the lines above.

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Lightspeed
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Toyota Deal Will Help Us Find Sponsors, Hints Williams
Frank Williams has admitted that it’s much harder to find sponsorship as a fully private team, but gave a clear hint that he expects the situation to improve next year.

Frank confirmed that it will be easier to find money with a manufacturer engine in the back of the forthcoming FW29.

There have been strong suggestions that the Williams engine supply will carry Lexus badging, and would make the team more attractive to sponsors who wish to be associated with a premium brand, especially those based in the USA. Cosworth does not have the same appeal.

Williams expects to continue with a package of medium sized sponsors rather than have one major name dominate the car.

"I think a title sponsorship of the size of that Ron has just secured [with Vodafone] are pretty rare," he said. "It’s a major commitment for any company to commit that much money.

"It shouldn’t really say this, but the way we approach our market next year is different. Not lots of sponsors, but just a slightly different approach. It won’t be a gold plated or chrome plated car or anything like that. I’m just saying we’re not trying very hard to find a $55m sponsor. It’s easier to find others for a bit less than that."

Williams says that the overall look of the team will be the same, but one of his major U.S. sponsors, Budweiser, is likely to leave.

"We still plan to be dark blue and white, and some of the names on the car will certainly be there next year. We hope most of the names will still be there next year.

"Budweiser I think will go. They’ve gone out of Manchester United and lots of other properties, and clearly we’re not setting the world alight. They’re competitive people, but they’ve got considerable pressures on the NYSE. They’re driven by share price in the U.S."

Frank admits that he’s envious of the ease with which manufacturers pull in big names.

"Bernie has a strong view, which several teams including myself have, that F1 will be much, much, much worse off without manufacturers in it. Somewhere down the road they can afford to give out, if they’re persuaded to, some very subsidized or even FOC engines. That’s number one, plus the fact that the five manufacturers – plus Ferrari who are a sort of manufacturer despite what they say – are all present is a lot of prestige, and it tows in their wake.

Despite the rumored Lexus badging of the team's new Toyota engines, Williams believes his cars will have a similar dark blue paint scheme next season.

"Look at the BMW car. They walked into Petronas, they walked into Intel, they walked into O2, they walked into Dell. If you ask Christian Vine [Williams sponsorship boss] or anyone in a normal marketing department, it’s Dell, waste of time, Intel, waste of time. See what I’m saying? Magic worldclass names on one car alone, plus FedEx, and so on. That’s what manufacturers do. If you don’t have a manufacturers’ engine, you get very little attention."

Although Frank’s deal with Toyota is done, there is an intriguing prospect that the price could yet come down, depending on the degree of flexibility for development built into the final rules. In addition Midland’s Colin Kolles has been pushing for a formal promise from the manufacturers that they will offer engines at a good price. That could in turn help the likes of Williams, Red Bull and Prodrive.

"It depends on each manufacturer, and how they view the second team, and what they think the second team could do for them. What the benefit, if there is one, is worth to them. They’ll always spend some money on development. What Max is trying to do is stop them spending so much that their boards pull out."

Williams also confirmed that he doesn’t expect future calendars to rise above 18 races, but admitted anything is possible.

"No way would 20 be discussed, I think. Round about race 17 or 18 you’re at a tipping point which says we’ll really need two completely separate crews. I think if Bernie wanted 20 and we were paid adequately, the teams would step up, it’s good for business.

"Not that it would make more money, but it’s good to have big foot print. That’s how you can sell big deals to potential big sponsors. Nothing gets as big an international footprint as F1."[/i]
http://www.speedtv.com/articles/auto/formulaone/27948/
Last edited by Lightspeed on 28 Jul 2006, 20:11, edited 1 time in total.

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Scuderia_Russ
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Great for Williams, not so great for Cossie. Hopefully they will take it on the chin and keep looking forwards.
"Whether you think you can or can't, either way you are right."
-Henry Ford-

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Lightspeed
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Under the agreement that Williams signed with BMW in 1998, they can still avail BMW engines till 2009. Williams perhaps satisfy the criterion of having at least one driver of German nationality next year as stipulated with thier deal with BMW. However, it appears as though BMW were unwilling to provide Williams with the same spec engines that their own team uses.

bhall
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Anyone know if the engines will be Toyota-badged or Lexus?

manchild
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What if Cosworth engines become Lexus-badged? :idea:

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Lightspeed
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SAM MICHAEL EXCLUSIVE >> http://www.itv-f1.com/Feature.aspx?Type ... O_ID=36791
Ted Kravitz: Why have you gone with Toyota?

Sam Michael: Obviously they are one of the biggest companies in the world. They are one of the big manufacturers in Formula 1.

They have got a very good reputation for engines and their past history in motorsport and also their car design – that fits with the philosophy of Williams as well so we are looking forward to a good partnership with them.

The start is initially for a period of three years and that gives us a good sustainable future with a manufacturer.

And it’s the best deal possible, and easily the best deal we could do at Williams, which is great.

Ted: Do you get equivalency with the works team?

SM: Yes we do. The engines are all the same spec, it’s a full factory deal.

Obviously the engine homologation starting in 2008, and potentially 2007, cements that anyway.

But even before that point they were fully prepared to give us full factory engines.

Ted: Was the Cosworth engine always going to be an interim arrangement?

SM: We never made a secret to Cosworth about the fact that we were after a manufacturer deal.

To really compete at the front these days, Williams believes that you need to be associated with a manufacturer.

Not just for the engineering resource that they have but also for the sponsorship and deals that we can do commercially once we are aligned with a manufacturer.

Ted: What are you looking to do? Is this the long road to recovery or are you going to be looking to beat the factory team when you have their engines next year?

SM: That’s not one of our targets.

Obviously we are in competition on the track and we will be trying to beat each other, that’s healthy competition. Between the Panasonic Toyota team and Williams we fully expect that.

But that is not our target. Our target is to be at the front so that’s a common aim between both of us really, to push ourselves, to try and get both teams to the front of the grid.


Ted: Are there any sort of technical difficulties in getting to know an engine – is it much simpler than, say, tyre suppliers?

SM: We’ve started on this. We have had quite a bit of time to think about it and we’ve done a lot of work with Toyota already.

It’s a much earlier decision than the one we had last year when we changed to Cosworth over the last 12 months.

Actually integrating the engine package into the car is not a big deal. It’s a mechanical packaging exercise.

We are starting a lot earlier with Toyota this year than we did last year so it’s not really an issue for us.


Ted: Is it a bit sad for Cosworth? They are a good company…

SM: Yes I think Cosworth are still there and I am sure that they will hook up with someone that tries to take them to the next level.

You would have to speak to Cosworth about what their plans are, but I am sure it is still to compete as hard and as strong as they can.