MAY 23, 2002

Toyota announces sponsorship deal with Avex

TOYOTA MOTORSPORT announced Wednesday a that they have agreed to a multi-year deal with Avex that names the Japanese record company a sponsor partner of Panasonic Toyota Racing.

The Avex logo will appear on the TF102 starting in Monaco, and the two companies will "investigate new opportunities in events other than F1".

TMG's chairman said of the deal, "We are very pleased to welcome Avex as a sponsor of Panasonic Toyota Racing. Avex is a brand that enjoys fantastic popularity among the young generation. We are sure that Avex fans will add to our worldwide supporters and benefit our two companies immensely. In order to meet the expectations of all our fans, we are committed to making further efforts in the development of Panasonic Toyota Racing."