We participate in motorsports wholeheartedly to let people the world over feel the endless possibilities, wonder, and fun that cars offer. In 2006, our main motorsports events are the Formula One World Championship, NASCAR* in the United States, and the Super GT World Challenge in Japan.
In F1, the zenith of world motor racing, we made solid progress in 2005—achieving the podium placing we had set our sights on and ranking fourth in the Constructors' Championship. In 2006, our fifth season of F1 racing, we aim to achieve our first victory and to accumulate points steadily. To those ends, we have introduced a new F1 car, the TF106, that is compliant with new vehicle regulations, and we are using the same drivers as last season: Jarno Trulli and Ralf Schumacher.
After debuting in NASCAR with our Tundra pickup truck in 2004, we picked up nine victories in the NASCAR Craftsman Truck Series in the 2005 season. Moreover, we have decided to field the Camry in the 2007 Nextel Cup Series and the Busch Series.
Also, we continue to sponsor six teams racing in the top echelon of Japanese motorsports, the Super GT World Challenge. Further, we have raised the Toyota banner in Japan's elite formula car category by supplying engines to seven Formula Nippon teams.
Further, we continue to foster racing drivers capable of competing at the highest levels of motorsports in Japan and overseas through the promotion of the Toyota Driver Development Program, which scouts highly motivated, talented individuals and, in line with their ability, helps them move up the ladder of international motorsports.
*: NASCAR is the common name for the stock car races administered over by the National Association for Stock Car Auto Racing (NASCAR), the largest motorsports organization in the United States. Converted four-wheel commercial vehicles known as stock cars race mainly in North America.
Fuji International Speedway Co., Ltd., in which Toyota has a 93.4% stake, and Formula One Administration Ltd., which controls the rights for holding F1 events, agreed to hold the Japanese F1 Grand Prix at Fuji Speedway in October 2007.
As one of only a handful of ultrahigh-speed circuits in the world, Fuji Speedway has staged numerous international and domestic races since opening in 1966, including the first two Japanese F1 Grand Prix in 1976 and 1977.
We completed a comprehensive renovation of the circuit in 2005, and the Federation Internationale de l'Automobile has already granted the circuit a grade 1 license—required for all F1 race venues. Next year will witness the first grand prix at Fuji Speedway for three decades.