That's not necessarily a good thing. It's actually quite a joke how Toyota had to go into NASCAR just to be competitive since they did so poorly in Formula 1 a year or two ago.
But if this was the 1980's/1990's then I would agree with what you said. The Mk.IV Supra was a beast. That 2JZ-GTE engine with twin turbos is still one of the finest engines ever made...of course, since it was designed by a German company contracted by Toyota.
Still, even today it's crazy seeing how much power drag racers get from that straight six. If you tune it properly, you can easily get over 1,000hp from a 2JZ.