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


Tokyo Tokyo (tō`kēō), city (1990 pop. 8,163,573), capital of Japan and of Tokyo prefecture, E central Honshu, at the head of Tokyo Bay. , Japan, Oct 7, 2005 - (JCN JCN Japan Corporate News
JCN Journal of Cognitive Neuroscience
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JCN joint communications network (US DoD) 
 Newswire) - Panasonic, the leading brand for which Matsushita Electric Industrial Co., Ltd. is known, and TOYOTA MOTOR CORPORATION (TMC TMC Technology Marketing Corporation (Norwalk, Connecticut)
TMC Texas Medical Center (Houston, TX)
TMC Traffic Message Channel
TMC The Movie Channel
TMC Traffic Management Center
) 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 FIA

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 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 through such activities as joint development of automotive AV equipment and batteries for hybrid cars hybrid car, hybrid vehicle hybrid nHybridfahrzeug nt or -auto nt , and both partners hope to continue strengthening their cooperation through the F1 program.

Copyright [c] 2005 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K.
COPYRIGHT 2005 Japan Corporate News Network K.K.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:JCN Newswires
Geographic Code:9JAPA
Date:Oct 10, 2005
Words:165
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