Toyota has officially unveiled the new TS040 HYBRID at the Paul Ricard Circuit in France.

Toyota has officially unveiled the new TS040 HYBRID at the Paul Ricard Circuit in France.

Set to compete in the 2014 World Endurance Championship, the TS040 HYBRID represents a "major evolution" of the TS030 HYBRID and complies with this year's more stringent regulations.

Despite looking somewhat familiar, Toyota says the car has improved aerodynamics which increase fuel economy and downforce. This is critical as the new regulations call for a 25% reduction in fuel usage compared to 2013.

Power is provided by a 3.7-liter V8 petrol engine that develops 520 HP (382 kW). It is backed up by a four-wheel-drive hybrid system that consists of a front AISIN AW motor-generator and a rear DENSO unit. The system produces 480 HP (353 kW) which brings the combined maximum output up to 1000 HP (735 kW).

This year's driver lineup is familiar but there have been a few changes as Alex Wurz, Stéphane Sarrazin and Kazuki Nakajima will share the #7 car while Anthony Davidson, Nicolas Lapierre and Sébastien Buemi will share the #8 car.

In a statement, Team President Yoshiaki Kinoshita said “We are very much looking forward to our third season in the FIA World Endurance Championship when we will fight to achieve our dream of winning Le Mans and the World Championship." He went on to say "As a team we learnt a lot in our first two seasons in WEC and all this know-how has gone into our new TS040 HYBRID, which is the most technologically-advanced TOYOTA ever to compete on the track. We consider it very important that our racing program contributes to TOYOTA’s wider activities and I am very proud that data, knowledge and technology pass regularly from our racing program to our R&D colleagues, who are working to make great road cars of the future.”

Check out the press release for additional information

Gallery: Toyota TS040 HYBRID unveiled at Paul Ricard [videos]

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