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Panasonic extend Toyota title sponsorship 15 Jan 2009

Jarno Trulli (ITA) Toyota TF108.
Formula One World Championship, Rd 18, Brazilian Grand Prix, Practice Day, Interlagos, Sao Paulo, Brazil, Friday, 31 October 2008

Electronics giant Panasonic will continue as the Toyota Formula One team’s title sponsor until the end of 2012, the tenth anniversary of the Japanese company’s F1 debut, the two parties announced on Thursday.

The renewed agreement means that Panasonic’s current sponsorship contract, which expires at the end of 2009, will be extended by three years.

"I would like to extend my deepest thanks to Panasonic Corporation for continuing as our title sponsor, despite the particularly harsh economic climate,” said Toyota team principal Tadashi Yamashina. “The team will redouble its efforts this year in order to achieve its long-sought-after first victory."