Jordan agree Toyota engine deal 15 Nov 2004
The Jordan Formula One team will be powered by Toyota engines next season, it has been announced.
The one-year deal, which was concluded just last Friday, will see Jordan purchase a supply of 2005-spec Toyota RVX-05 engines at an affordable price for the 2005 world championship.
Toyota are to be commended, said team boss Eddie Jordan. Not only have they been fantastic to Jordan by agreeing this deal at such short notice, but they have also done the magnanimous thing for the sport by putting Formula One above their own exclusivity.
A supply of Toyota engines is an enormous boost for Jordan and I am very excited about putting together our 2005 package in the coming weeks and months. This announcement, along with others coming shortly, will revive the fortunes of Jordan Grand Prix and at the same time I hope we can help Toyota in the battle for World Championship honours."
The announcement should end the media speculation about Jordans future which followed Fords announcement that it is selling off engine manufacturers Cosworth, who supplied the team in 2004.
Toyotas Formula One team principal Tsutomu Tomita said of the agreement: "The decision to supply Jordan Grand Prix with engines was only taken in recent weeks once engine regulations for 2005 were confirmed. The move to a two-race engine and the recent planned reduction of testing for next year have also contributed considerably to making this deal possible.
The last-minute nature of this agreement will offer us a real challenge for the upcoming season, but it is one which we are happy to take on. We are pleased to be able to offer our services to help another team, given the difficulties that Formula One is currently facing, particularly with engine supply. I sincerely hope that the Toyota RVX-05 engine will be a substantial asset to the Jordan team in the coming season."
The Toyota agreement will not result in any re-branding of the Jordan team in 2005 and the Toyota name and logo will not be used in conjunction with those of Jordan next season.