Complex sentence: The car is the direct successor to the Toyota TS040 Hybrid, which competed in the 2014 and 2015 FIA WEC seasons and was revealed at the Circuit Paul Ricard on the 24th March 2016 because of Toyota's 2-year cycle policy.
Split into simpler sentences: The car is the direct successor to the Toyota TS040 Hybrid, which competed in the 2014 and 2015 FIA WEC seasons. The TS050 was revealed at the Circuit Paul Ricard on the 24th March 2016 because of Toyota's 2-year cycle policy.