New Plant to Boost Toyota Diesel Engine Output in Thailand

Tokyo, June 10, 2008; Toyota Motor Corporation (TMC) announced today that Siam Toyota Manufacturing Co., Ltd. (STM), TMC's engine production base in Thailand, will build a new plant to boost its annual diesel engine production capacity by 150,000 units in 2010.

The new plant, to be built on STM's current premises, will give STM an annual diesel engine production capacity of 350,000 units, up from 200,000 units. Including gasoline engines, STM will have an overall production capacity of 650,000 engines a year.

STM President Shigeru Murai announced the expansion at a joint press conference with Toyota Motor Thailand Co., Ltd. (Toyota's vehicle production base in Thailand) in Bangkok, attended by Thai government officials.

As a global production and supply base for the Innovative International Multi-purpose Vehicle (IMV) Project, begun in 2004, STM provides diesel engines to IMV-producing countries. In 2007, STM produced 229,000 diesel engines, of which 72,000 were exported to six countries, including India and ASEAN member countries.

The STM expansion is to meet increasing demand for the IMV series, which is popular in various regions around the world, and will be backed by an additional investment of approximately 17.3 billion yen (approx. 5.4 billion baht). The new plant is expected to create approximately 700 jobs.

The Toyota IMV Project is aimed at creating a worldwide optimal production and supply network. Currently, the IMV series consists of three types of pickup truck, a minivan and an SUV.

Outline of STM

Company name           Siam Toyota Manufacturing Co., Ltd. (STM) 
Established            July 1987 
President              Shigeru Murai 
Equity participation   Toyota Motor Corporation: 96%;
                       The Siam Cement Public Company Ltd.: 4%  
Products               Engines, driveshafts 
2007 engine 
 production results    Gasoline: 257,000, 
                       Diesel: 229,000
                       Total: 486,000  
Number of employees    2,260 (as of May 2008) 

Toyota Motor Corporation

Established in 1937, Toyota Motor Corporation , which celebrates its 70th anniversary this year, has developed into one of the world's best known automobile manufacturers. The Toyota Group sold over 8.5 million vehicles under the Toyota, Lexus, Daihatsu, and Hino brands in more than 170 countries and regions in fiscal 2007. Further, the Company's production is firmly rooted in local communities, with 52 companies manufacturing vehicles and parts in 26 countries and regions. Toyota had approximately 300,000 employees on a consolidated basis at the end of fiscal 2007. The company is headquartered in Aichi, Japan. For more information, please visit www.toyota.co.jp/en/index.html