YONGIN: Hyundai Motor Group and Toyota Motor Corp. have announced a cooperation in their motor sports divisions, marking the first public collaboration between the two automotive giants at a racing event. The announcement was made by Hyundai Motor Group Executive Chair Euisun Chung and Toyota Motor Chairman Akio Toyoda during their joint appearance at the Hyundai N x Toyota Gazoo Racing event, held at Everland Speedway, south of Seoul.According to Yonhap News Agency, the event was a collaboration between Hyundai's high-performance brand N and Toyota's Gazoo Racing, which is the motorsport division of the Japanese carmaker. The companies have agreed to work together on high-performance motor sports vehicles, as confirmed by a company spokesperson, although specific details of the collaboration remain undisclosed at this time.The event also saw the presence of Samsung Group Chairman Lee Jae-yong, as Samsung operates the Everland Speedway where the event was held. The cooperation between Hyundai and Toyota in the motor sports arena marks a significant development in the automotive industry, as both companies are well-known for their competitive edge and innovation in vehicle performance and racing technology.