Toyota in Formula One

Panasonic Toyota Racing was a Formula One team owned by the Japanese automobile manufacturer Toyota Motor Corporation and based in Cologne, Germany. Toyota announced their plans to join Formula One in 1999, and after extensive testing with their initial car, dubbed the TF101, the team made their debut in 2002. The new team grew from Toyota's long-standing Toyota Motorsport GmbH organisation, which had previously competed in the World Rally Championship and the 24 Hours of Le Mans. Despite scoring a point in their first-ever race, Toyota never won a Grand Prix, their best finish being second, which they achieved five times. On 4 November 2009, Toyota announced its immediate withdrawal from Formula One, ending the team's involvement in the sport after eight consecutive seasons.

Unlike its compatriot rival manufacturer Honda that had more success in the sport, Toyota drew criticism for their lack of success as they never managed to win a Grand Prix with one of the sport's biggest budgets along with being the world's largest car manufacturer. Toyota was a well-funded team, but despite this, strong results had never been consistent.

In October 2024, the Toyota name returned to Formula One with the company signing a technical partnership with Haas F1 Team through Toyota Gazoo Racing (TGR). In December 2025, this partnership was expanded to a title partnership with Haas being rebranded as TGR Haas F1 Team.