For a long time Jarno Trulli was close to signing a contract extension, but on Friday the team finally announced the extension of his contract officially. Trulli signed a three-year contract extension and will drive for the team through to the 2009 season.
On concluding the arrangement, Trulli said: "I am 100% sure of Toyota's potential and of its chances of challenging for the Formula 1 World Championship. I am therefore more than happy to continue my excellent relationship with the team into the longer term and to try to achieve our common goals."
Chairman and Team Principal Tsutomu Tomita added: "When you are developing a team and car and working towards the ultimate aim of winning, it is always helpful to have continuity among your drivers. Jarno has played a key role in improving our performance during the two years that he has already been with us and we are delighted to continue the relationship."
Next season, Trulli will again be partnered at Panasonic Toyota Racing by Ralf Schumacher, who is already under contract to the team.