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Toyota's North American Vehicle Production at Record Levels in 2007


PHOTO

20 million milestone coming in 2008

ERLANGER, Ky., Jan. 11 -- Toyota Motor Engineering & Manufacturing North America, Inc. (TEMA) boosted vehicle and engine production to record levels at its North American plants in 2007. Toyota built 1,671,009 vehicles, an eight percent increase, and 1,571,872 engines, a 10% increase. Gains are largely attributed to Tundra production ramp-up in Texas and Camry production in Indiana.

North American Toyota production began in 1984 and has grown steadily over the years. Toyota's production has increased 39% over the last five years. In addition, this year Toyota will build its 20 millionth vehicle in North America including the 5 millionth Corolla.

Toyota produces 11 models in North America: Avalon, Camry, Camry Hybrid, Corolla, Matrix, Sequoia, Sienna, Solara, Tacoma, Tundra and Lexus RX350 in North America.

Toyota is preparing to increase vehicle capacity to approximately 2.2 million units by 2010.

  In 2008 and beyond:

  -- Toyota Motor Manufacturing, Kentucky, Inc. (TMMK) will produce the
     Venza crossover sedan starting this fall.
  -- A new Toyota plant in Woodstock, Ontario will open late in the year
     with the capacity to build 150,000 RAV4s.
  -- In 2010, Toyota Motor Manufacturing Mississippi, Inc. (TMMMS) will open
     with the capacity to produce 150,000 Highlanders.

  In 2007, the following projects were completed:

  -- Toyota Motor Manufacturing, West Virginia (TMMWV) completed an
     expansion resulting in increased production of 240,000 transmissions
     and 150 new jobs.
  -- Subaru Indiana Automotive, Inc. (SIA) began production of the Camry in
     April, adding 1,000 jobs. Toyota owns a stake in SIA's parent, Fuji
     Heavy Industries.
  -- Toyota Motor Manufacturing Baja California (TMMBC) increased its Tacoma
     capacity by 20,000 units to 50,000 and truck bed capacity by 20,000 to
      200,000.
  -- The following vehicles hit North American production milestones: Tacoma
     (3 million), Avalon (1 million) and Tundra (1 million).

             Toyota North American Vehicle Production - 2007

  Manufacturing Site                          Model            # Units

  Toyota Motor Manufacturing,                 Avalon             76,186
   Kentucky, Inc. (TMMK)                      Camry             358,078
                                              Camry Hybrid       51,847
                                              Solara             28,479
                                              Total             514,590

  New United Motor Manufacturing,             Corolla           200,194
   Inc. (NUMMI)*                              Tacoma            158,325
                                              Total             358,519

  Toyota Motor Manufacturing Canada,          Corolla           159,297
   Inc.                                       Matrix             65,378
  (TMMC)                                      RX 350             78,074
                                              Total             302,749

  Toyota Motor Manufacturing,                 Tundra            101,482
   Indiana, Inc.                              Sequoia            23,488
   (TMMI)                                     Sienna            159,453
                                              Total             284,423

  Toyota Motor Manufacturing de Baja          Tacoma             34,100
   California (TMMBC)                         Total              34,100

  Toyota Motor Manufacturing Texas,           Tundra            138,619
   Inc. (TMMTX)                               Total             138,619

  Subaru Indiana Automotive, Inc.             Camry              38,009
   (SIA)                                      Total              38,009

  Total 2007 North American Vehicle
   Production*                                                1,671,009

*Total does not include General Motors vehicles built at NUMMI, a joint venture between Toyota and General Motors in Fremont, Calif. In 2007, NUMMI manufactured 49,371 Pontiac Vibe vehicles.

              Toyota North American Engine Production - 2007

  Manufacturing Site                          Engine           # Units

  Toyota Motor Manufacturing,                 4-cylinder        359,576
   Kentucky, Inc.                             V6                175,016
   (TMMK)                                     Total             534,592

  Toyota Motor Manufacturing, West            4-cylinder        214,535
   Virginia, Inc.                             V6                199,891
   (TMMWV)*                                   Total             414,426

  Toyota Motor Manufacturing Canada, Inc      4-cylinder        223,665
   (TMMC)                                     (assembly)
                                              Total             223,665

  Toyota Motor Manufacturing,                 V6 (assembly)     147,941
   Alabama, Inc.                              V8                251,248
   (TMMAL)                                    Total             399,189

  Total 2007 North American Engine
   Production                                                 1,571,872

  *TMMWV's total automatic transmission production for 2007 was 375,933.

In addition to the above mentioned plants, Toyota subsidiary Bodine Aluminum, Inc., in Tennessee and Missouri, casts aluminum parts such as cylinder heads, intake manifolds, engine brackets and engine blocks. TABC, Inc. in Long Beach, California, manufactures truck beds, catalytic converters, stamped parts, coated substrates and steering columns, along with Hino Trucks. Canadian Autoparts Toyota, Inc. (CAPTIN) in Delta, British Columbia, produces aluminum wheels.

  Toyota's North American vehicle and engine production - five year history:

          Year                 Vehicle Production        YOY Change
          2007                     1,671,009                 8%
          2006                     1,553,790             Unchanged
          2005                     1,558,895                 8%
          2004                     1,443,889                13%
          2003                     1,278,359                 6%

          Year                  Engine Production         YOY Change
          2007                     1,571,872                10%
          2006                     1,428,662                10%
          2005                     1,295,227                 2%
          2004                     1,273,437                15%
          2003                     1,112,074                12%

  About Toyota

Toyota 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 purchasing of parts, materials, goods and services from North American suppliers totals more than $30 billion per year.

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.