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Toyota Motor Sales Issues Statement on Formation of New Alliance

18 November 1998

Toyota Motor Sales Issues Statement on Formation of New Automotive Alliance

    TORRANCE, Calif., Nov. 17 -- The following statement is
issued by Toyota Motor Sales (TMS), U.S.A., Inc., in response to the formation
of a new automotive alliance to replace the American Automobile Manufacturers
Association (AAMA).  It may be attributed to Yale Gieszl, TMS executive vice
president:

    "Toyota will become a full member in the new automotive alliance because
of our large and growing U.S. presence and because we believe there are many
pressing issues in the United States and the world that automakers must tackle
together.  At the same time, Toyota will maintain a full membership in the
Association of International Automobile Manufacturers (AIAM) because of the
wide range of important services it provides to its members."