New Plant in US

Toyota Motor Corporation
05 February 2003

                                                           For immediate release

                                                                February 5, 2003



              Toyota to Build Vehicle Plant in U.S. State of Texas

            -New Facility to Produce Tundra Pickup Trucks from 2006-



Tokyo-TOYOTA MOTOR CORPORATION (TMC) announced today that, as part of its
continuing effort to promote localization in North America, it has decided to
build a vehicle production plant in San Antonio, Texas, USA.  With TMC having
announced last September a plan to build a vehicle production plant near
Tijuana, Mexico, (which will start production in around 2005), the plant
announced today will be TMC's sixth vehicle production plant in North America.



The new plant, to keep up with high demand for light trucks in the North
American market, will build about 150,000 Tundra pickup trucks a year from 2006.
Plans include an investment of approximately US$800 million and new employment
for about 2,000 people.



With the startup of the new plant, Toyota North American production capacity is
expected to reach around 1.65 million units a year





Outline of the new plant

Location                            San Antonio, Texas, USA
Name                                Toyota Motor Manufacturing, Texas, Inc. (TMMTX)
Share distribution                  Toyota Motor Manufacturing North America, Inc. 100%
Date of establishment               March 1, 2003 (tentative)
Product line                        Tundra pickup truck
Production capacity                 Approx. 150,000 units a year
Site area                           Approx. 8 million square meters (approx 2,000 acres)
Investment                          Approx. US$800 million
Start of production                 2006 (scheduled)
Number of employees                 Approx. 2,000



                       Contact: Hitoshi Nagashima/Paul Nolasco [phone]/61


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