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Toyota Increases D.C. Presence to Highlight Contributions to U.S. Economy

Washington DC August 12, 2005; The AIADA newsletter reported that Toyota executives will host a gathering for lawmakers in Washington next month, where the company will highlight its economic contributions in more than a dozen states, reports the Wall St. Journal.

The event will include executives from most of Toyota’s affiliates with significant operations in the U.S., such as Denso, Hino and Aisin. A new study from the Center for Automotive Research shows Toyota’s investment of $13.4 billion in its U.S. operations contributed 386,300 jobs and $14.4 billion in wages to the U.S. economy in 2003.

Toyota’s manufacturer related operations directly employed over 29,000 people, while Another 74,060 workers were directly employed in new vehicle dealer-related operations, including sales, service and marketing-related activities.

Toyota has also added a lobbyist to its Washington office, and employs three outside lobbyists, to ensure the company’s varied contributions to the economy are well understood.