The chiefs of Hyundai Motor Group and Toyota Motor Corp. said Sunday the two carmakers will cooperate in the motor sports division in their first public appearance at a racing event. Hyundai Motor Group Executive Chair Euisun Chung and Toyota Motor Chairman Akio Toyoda attended the Hyundai N x Toyota Gazoo Racing event held at Everland Speedway in Yongin, 41 kilometers south of Seoul. Hyundai's high-performance brand N and Toyota's Gazoo Racing, the motorsport division of the Japanese carmaker, jointly held the racing event in Korea. "The companies have agreed to cooperate in high-performance motor sports vehicles," a company spokesperson said over the phone, without giving further details. Samsung Group Chairman Lee Jae-yong also attended the event as the group operates the speedway. Source: Yonhap News Agency