Sichuan FAW Toyota Increases Production Capacity with Addition of Upscale Land Cruiser Prado VX

Tokyo, Japan, June. 12, 2006 - (JCN Newswire) - Toyota Motor Corporation announced today that Sichuan FAW Toyota Motor Co., Ltd. (SFTM), a joint vehicle-production company established with China FAW Group Corporation (FAW) in China in 2005, has added a second version of the Land Cruiser Prado to its production lineup, raising SFTM's overall annual production capacity from 20,000 units to 23,000 units.

The newly added version of the Land Cruiser Prado - the higher-grade Land Cruiser Prado VX - started rolling off the line today at SFTM's Chengdu Plant, which also makes the Land Cruiser Prado GX(*1). Both versions are for the Chinese market; until now, the Land Cruiser VX sold in China was only made in Japan.

Like the Land Cruiser Prado GX, the Land Cruiser Prado VX is to be sold through FAW Toyota Motor Sales Co., Ltd.'s approximately 220 authorized dealers, which started accepting orders from customers today. The Land Cruiser Prado VX is priced at 558,000 Chinese yuan (approximately 7.87 million yen).

With this latest development, Toyota's total annual vehicle production capacity in China now stands at 343,000 units.

Outline of SFTM

Company name:               Sichuan FAW Toyota Motor Co., Ltd. (SFTM) 
Representatives President:  Haruaki Hoshino
Vice President:             Liu Jurong 
Date of establishment:      July 2005(*2) 
Capitalization:             Approx. 67 million U.S. dollars 
Equity participation:       FAW: 50%; TMC: 45%; Toyota Tsusho
Corporation: 5% 
Location:
                            Head Office:                  Branch
                            Chengdu City,                 Changchun City
                            Sichuan Province              Jilin Province

Start of production:        December 2000                 October 2003 
Product lineup:             Coaster, Land Cruiser         Coaster, Land
Cruiser
                            Prado Land Cruiser, Prius     Prado Land
Cruiser, Prius
Production capacity:        13,000 units/year             10,000
units/year 
Site area:                  177,000 m2                    75,000 m2 
Number of employees:        Approx. 1,300                 Approx. 500 
*1 SFTM makes 4-liter engine version of GX; 2.7-liter-engine version
exported from Japan. VX has 4-liter engine.
*2 Originally named and established as Sichuan Toyota Motor Co., Ltd.,
in November 1998; re-established in July 2005 as SFTM through merger
with Changchun FAW Fengyue Auto Co., Ltd., which was established in July
2003.

About Toyota Motor Corporation

Toyota Motor Corporation develops and manufactures
vehicles, and is one of the largest car manufacturers in the world,
offering a wide range of products from minivehicles to trucks. In
addition to its core business, Toyota has a large business portfolio in
financial services, including sales finance, vehicle insurance, and
credit cards. It is also involved in telecommunications through a
subsidiary that provides cellular services in Japan. Other diversified
businesses include industrial equipment, prefabricated housing and
leisure boats. The company is headquartered in Aichi, Japan. Fot more
information, please visit www.toyota.co.jp/en/index.html.