Toyota Names Mississippi Plant President

August 03, 2007

August 3, 2007 – Erlanger, KY - Toyota Motor Engineering & Manufacturing North America, Inc. (TEMA), today announced that Misao Fukuda will be president of Toyota Motor Manufacturing, Mississippi, Inc. (TMMMS).

Fukuda, 47, who is a 24-year Toyota veteran, joins TMMMS from Toyota Motor Corporation in Japan where he held a number of positions in production control and global strategic production planning. Fukuda will oversee the plant's manufacturing operations.

The following new assignments for TMMMS are effective immediately:

• Al Ackerman, vice president, manufacturing. Ackerman was formerly vice president, powertrain at Toyota's Kentucky vehicle assembly plant.

• David Copenhaver, vice president, production, administration support. Copenhaver was formerly vice president, administration of Toyota's West Virginia engine and transmission plant.

• Junichiro Morita, treasurer. Morita will also continue to serve as treasurer of TEMA, Toyota's engineering and manufacturing organization in Kentucky.

• Masaomi Nakahata, senior advisor to the president. Nakahata was formerly at Toyota Motor Corporation.

Additionally, the following new assignments at Toyota Motor Manufacturing, Kentucky, Inc. (TMMK) are effective immediately:

• Cheryl Jones, vice president, manufacturing, assembly, production control, organizational development group and powertrain. Jones was formerly vice president, manufacturing, assembly, production control and organizational development group at TMMK.

• David Cox, general manager, powertrain. Cox was formerly project general manager, manufacturing at TMMK.

Announced in late February, TMMMS will produce the Toyota Highlander SUV and is scheduled to begin by 2010. Annual vehicle capacity will be 150,000 units.

About Toyota
Toyota (NYSE:TM) established operations in North America in 1957 and will operate 15 manufacturing plants in North America by 2010. There are more than 1,700 Toyota, Lexus and Scion dealerships in North America which sold more than 2.8 million vehicles in 2006. Toyota directly employs over 41,000 in North America and its investment here is currently valued at more than $18.6 billion, including sales and manufacturing operations, research and development, financial services and design. Toyota's annual purchasing of parts, materials, goods and services from North American suppliers totals more than $28.5 billion.

Toyota currently produces 11 vehicles in North America, including the Avalon, Camry, Camry Hybrid, Corolla, Matrix, Sienna, Solara, Sequoia, Tacoma, Tundra and the Lexus RX 350. By 2010, Toyota will have the annual capacity to build approximately 2.2 million cars and trucks, 1.45 million engines and 600,000 automatic transmissions. For more information about Toyota, visit www.toyota.com.

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