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Toyota Hits Record North American Production in 2004

Increase of 13 Percent Brings Vehicle Production to 1.44 Million

ERLANGER, Ky., Jan. 11 -- Toyota announced today that the company produced 1,443,889 vehicles and 1,273,437 engines at its North America manufacturing facilities in 2004. Both were record levels for Toyota, which began North American production in 1985 and has steadily expanded operations ever since.

Toyota currently has five vehicle assembly plants in the North America. In addition, the company is building a pickup truck plant in San Antonio, Texas and a casting plant in Jackson, Tennessee -- and several of Toyota's North American engine and component plants are expanding.

"Strong demand for key products such as the Sienna, the Camry and the RX 330 kept our plants very busy this past year," said Atsushi Niimi, president of Toyota Motor Manufacturing North America, Inc. "With our Mexico plant coming up to full capacity in the first half of the year, and the introduction of the new Tacoma and Avalon, we expect 2005 to be another important year for our North American manufacturing operations."

                 Toyota North American Production 2004 CY

   Manufacturing Site                       Model          # Units

   Toyota Motor                             Avalon          33,011
   Manufacturing, Kentucky, Inc.            Camry          388,107
   (TMMK)                                   Solara          49,174
                                            Total          470,292

   New United Motor                         Corolla        167,970
   Manufacturing, Inc.                      Tacoma         143,281
   (NUMMI)**                                Voltz              201
                                            Total          311,452

   Toyota Motor                             Corolla        141,445
   Manufacturing Canada, Inc.               Matrix          81,064
   (TMMC)                                   RX 330          65,350
                                            Total          287,859

   Toyota Motor                             Tundra         122,627
   Manufacturing, Indiana, Inc.             Sequoia         62,046
   (TMMI)                                   Sienna         189,375
                                            Total          374,048

   Toyota Motor                             Tacoma             238
   Manufacturing de Baja California         Total              238
   (TMMBC)

   Total North American Production 2004 **               1,443,889

**Note: Totals do not include General Motors vehicles built at New United Motor Manufacturing, Inc. (NUMMI), a joint-venture between Toyota and General Motors in Fremont, CA. In 2004, NUMMI manufactured 69,226 Pontiac Vibe vehicles.

             Toyota North American Engine Production 2004 CY

   Manufacturing Site                Engine                       # Units

   Toyota Motor Manufacturing,
    Kentucky, Inc. (TMMK)            4-cylinder                   340,753
                                     V6                           164,767
                                     Total Engine Production      505,520

   Toyota Motor Manufacturing,
    West Virginia, Inc. (TMMWV)      4-cylinder                   229,885
                                     V6                           226,346
                                     Total Engine
                                      Production                  456,231
                                     Automatic Transmission       389,859

   Toyota Motor Manufacturing
    Canada, Inc. (TMMC)              4-cylinder (assembly)        204,655
                                     Total Engine Production      204,655

   Toyota Motor Manufacturing,
    Alabama, Inc. (TMMAL)            V8                           107,031
                                     Total Engine Production      107,031

   Total North American
    Engine Production 2004                                      1,273,437

In addition to the plants mentioned above, Bodine Aluminum, Inc., in Troy and St. Louis, Mo., casts aluminum parts such as cylinder heads, intake manifolds and engine blocks. TABC, Inc. in Long Beach, Calif., manufactures catalytic converters, coated substrates and steering columns, and this year began assembling Hino Trucks. Canadian Autoparts Toyota, Inc. (CAPTIN) in Delta, British Columbia, produces aluminum wheels.

By 2006 Toyota will have the capacity to build 1.66 million vehicles and 1.44 million engines annually in North America. Most of the vehicle production increase is due to additional Tundra production at Toyota's new plant in San Antonio, Texas. The automaker currently employs more than 36,000 people throughout North America. The company's direct investment is over $15.3 billion. Annual parts, materials, goods and services purchased from North American suppliers total another $25 billion. Toyota's North American-produced vehicles include the Avalon, Camry, Corolla, Matrix, Sienna, Solara, Sequoia, Tacoma, Tundra, and the Lexus RX 330.

Visit Toyota's online newsroom: pressroom.toyota.com or our web site: www.toyota.com