Toyota Awards Its Fourth Local Contract

January 17, 2008

January 17, 2008 - Erlanger, KY - Toyota announced today that it has awarded its fourth local construction contract for its new Highlander vehicle assembly plant in Blue Springs, Mississippi.

Yates Construction, based in Philadelphia, Neshoba County, has formed a joint venture with Detroit, Michigan-based Walbridge Aldinger Company for construction of the plant’s assembly and body weld facilities. Work for this project will begin in February. Yates Construction employs 4,000 in the state of Mississippi.

"Thanks to the hard work of these fine local companies and their partners, much progress has been made at the Blue Springs site," said Bill Jilbert, Assistant General Manager at Toyota Motor Engineering & Manufacturing North America, Inc. "The project is on schedule and we remain committed to hiring local contractors."

Site preparation will continue into this spring and at peak construction this summer approximately 2,000 workers will be on site. The majority of these workers will be from the local area.

In February 2007, Toyota announced that it had chosen a 1,700-acre site in Blue Springs to build the Toyota Highlander SUV. The new plant represents a $1.3 billion investment by Toyota that is expected to hire around 2,000 team members. Vehicle production is scheduled to start by 2010 with annual capacity of 150,000 units. The plant will be named Toyota Motor Manufacturing, Mississippi, Inc. (TMMMS).

Contractors, subcontractors and vendors interested in doing business at TMMMS can visit www.ToyotaSupplier.com.

Company				County			Project/Date Awarded

L&T Construction		Desoto 		Oversee all site preparation work (May 2007)
Harrell Contracting Group	Madison 	Foundation - stamping and paint buildings (Aug. 2007)
West Brothers Construction	Lowndes		Foundation - assembly and body weld buildings (Oct. 2007)
Yates Construction		Neshoba		Construction - assembly and body weld facilities (Jan. 2008)

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 2.9 million vehicles in 2007. Toyota directly employs over 42,000 in North America and its investment here is currently valued at more than $19 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 $30 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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