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Toyota Motor Sales-USA Announces Key Changes

21 June 1999

    TORRANCE, Calif., June 21 -- Numerous promotions and key
organizational changes at Toyota Motor Sales -- USA (TMS) were announced here
today.  All will be effective July 1.

    "This announcement is part of a continuing series of changes that reflect
Toyota's accelerating growth in the U.S., our need to carefully plan
succession as key members of senior management retire, and our need to alter
our structure to deal with new business opportunities and imperatives," said
TMS President Yoshio Ishizaka.

    Promotions and organizational changes within the Toyota and Lexus field
sales operations will be announced separately at a later date.

    Group Vice President
    David Danzer, currently vice president of Strategic and Product Planning,
was promoted to Group Vice President with no change in duties.  Shankar Basu,
currently vice president of Sales and Operations at Toyota Industrial
Equipment (TIE), was promoted to group vice president and general manager of
TIE.  Bob Daly, currently vice president of Toyota Logistics Services (TLS)
was promoted to group vice president of Customer Services Division (CSD).

    Vice President
    Robert Waltz, currently corporate manager of Field Operations for the
Customer Service Division (CSD), was promoted to vice president of Service
Operations at CSD.  Brian Eyres, currently assistant general counsel, was
promoted to vice president of Product Law.  Alan Cohen, currently general
counsel of Toyota Motor Credit Corporation (TMCC) was promoted to vice
president and general counsel of TMCC.  James Byers, currently general manager
of Toyota Division's Los Angeles region, was promoted to vice president of
TLS.  Robert Weldon, currently executive vice president of Toyota De Puerto
Rico (TDPR) was promoted to president of TDPR with no change in duties.  Ken
Goltara was promoted from corporate manager to vice president of Business
Systems Development.  Lloyd Mistele, currently vice president Finance and
Affiliated Companies was appointed vice president -- Treasury for TMCC,
succeeding Jerome Lienhard, who has accepted a position with the Federal Home
Loan Mortgage Corporation in Washington, D.C.

    Corporate Manager
    Edward Ohlin, currently national manager of product planning was promoted
to corporate manager with no change in duties.  Ernest Bastien, currently
national marketing planning manager, was promoted to corporate vehicle
marketing manager.  Randy Bauer, was promoted from national to corporate
manager of the Information Systems Program Management Office.  Mary Montague,
currently national manager of Human Resources, was promoted to corporate
manager of Organization Development.

    Marian Duntley, currently national manager of Customs, was promoted to
corporate manager with no change in duties.  Joanne VanEmburgh, currently
managing counsel, was promoted to assistant general counsel.  Charles Ing was
promoted from national to corporate manager of Government Relations.  And Earl
Quist was promoted from national to corporate manager of Industry Relations.

    Organizational Changes
    Douglas West, senior vice president and chief administrative officer, will
assume additional responsibility for Legal Affairs and Risk Management.

    Dian Ogilvie, group vice president and general counsel, will assume
additional responsibility for Risk Management.

    Robert Pitts, currently group vice president, Finance and Administration,
is appointed group vice president of Finance and Business Services, reporting
directly to TMS Senior Vice President and Treasurer Chiaki Yamaguchi.

    J. Davis Illingworth, senior vice president of Planning & Development,
will assume additional responsibility for a newly formed e-commerce unit
tasked with coordinating and integrating TMS' internet business strategy.  A
Business Planning unit tasked with overseeing a streamlined and strategic
business planning process to assure prioritization and proper allocation of
resources also will be formed under Illingworth's direction.

    John Turmell, senior vice president of the Customer Service Group, will
assume additional responsibility for TIE.

    Richard Gallio, currently Group Vice President of TIE, will assume new
responsibilities as Group Vice President for Marine, Aviation and Toyota
Logistics Services.

    Don Esmond, group vice president of Toyota Division, will assume
additional responsibility for Sales Support, including the Corporate Fleet,
Market Representation and Distribution departments.

    A Prius Vehicle Group directed by National Manager Mark Amstock will be
formed in the Market Planning Department, signaling the pre-launch
"mainstreaming" of Toyota's advanced hybrid vehicle.

    Jim Olson, senior vice president of External Affairs, will assume
additional responsibility for Regulatory Affairs.

    George Borst, senior vice president of TMCC and Toyota Motor Insurance
Services, and Illingworth will join incoming TMS President Yoshimi Inaba, TMS
Executive Vice President James Press, Senior Vice President and Chief
Administrative Officer Doug West, Senior Vice President and Treasurer Chiaki
Yamaguchi, and Yuki Funo, senior vice President and Chief Coordinating
Officer, on the TMS Executive Committee.  This reflects the growing size and
importance of TMCC and the growing role of corporate planning in the proper
alignment of Toyota's structure and resources to the changing marketplace.

    Retirements
    -- William Plourde, senior vice president of Legal Affairs & Risk
       Management
    -- John McGovern, senior vice president of Dealer Relations and chairman
       of Airflite
    -- Phillip Broman, vice president of Service Operations at CSD
    -- John Matt, vice president of Private Distributors