Toyota Motorsport GmbH can today confirm that Timo Glock will race for Panasonic Toyota Racing in 2008.

 Timo, the reigning GP2 Series champion, has signed a multi-year contract and the team hopes an agreement can be reached with BMW Sauber to allow him to test at Jerez on December 4-6.

Chairman and Team Principal Tadashi Yamashina said: "It is with great pleasure that we confirm Timo Glock will race for Panasonic Toyota Racing in 2008. I am convinced Timo has the potential to help this team move forward and achieve its aims.

"Timo has great experience of motorsport in several different categories and he reinforced his reputation by winning the highly competitive GP2 Series, which we have already seen is fantastic preparation for Formula 1. He has demonstrated a fighting spirit and good race craft in GP2 so we believe he is the right man for the job.²

Timo said: "It¹s a great feeling to be a Formula 1 race driver again and I am really looking forward to this new challenge. I have worked hard over the past few years to get this opportunity and I must say I am grateful to Panasonic Toyota Racing for having faith in me.

 "From what I have seen of the team at the track I am confident we will be able to work well together to move forward. Even though I have not raced in Formula 1 since 2004, I have tested quite regularly so I expect it will take very little time for me to get back in the groove."
 
Timo replaces Ralph Schumacher.

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