Oreca is known for its experience in motorsports, specifically in Le Mans racing, and in recent years has managed to rival official constructors like Audi and Peugeot, including finishing three straight times in the top 5 at the 24 Hours of Le Mans.
Most notably, the group won the 12 Hours of Sebring in March 2011 and finished 2nd in the Petit Le Mans at Road Atlanta a few weeks ago.
Importantly, Oreca will only be providing support for the Toyota team and its new gasoline-electric hybrid LMP1 prototype race car.
Development of the chassis, meanwhile, is being handled by Toyota Motorsport GmbH (TMG), the division previously responsible for building Toyota’s F1 race cars. Additionally, the team will be based at TMG’s own headquarters in Cologne, Germany.
It's expected that the new Toyota hybrid LMP1 prototype race car will be rolled out early in 2012 for extensive pre-season testing.