New Management Team

Toyota Motor Corporation
08 April 2003

                                                           For immediate release

                                                                   April 8, 2003



           Toyota Names Executives Under New Management System


Tokyo - TOYOTA MOTOR CORPORATION (TMC) announced today a list of executives (as
described below) it plans to put into effect under the new management system
that is to be introduced after this year's regularly scheduled general
shareholders meeting in June.  The new management system and list will be
officially finalized at a board of directors meeting following the general
shareholders meeting.



1. Members of the Board of Directors (27 people)  (Asterisk indicates
promotion.)

Name                              Title under new system                        Current title
Hiroshi Okuda                     Chairman                                      Chairman
Iwao Isomura                      Vice Chairman                                 Vice Chairman
Kosuke Ikebuchi                   Vice Chairman                                 Vice Chairman
Fujio Cho                         President                                     President
Akihiko Saito                     Executive Vice President                      Executive Vice President
Ryuji Araki                       Executive Vice President                      Executive Vice President
Yoshio Ishizaka                   Executive Vice President                      Executive Vice President
Kosuke Shiramizu                  Executive Vice President                      Executive Vice President
Katsuaki Watanabe                 Executive Vice President                      Executive Vice President
Kazushi Iwatsuki                  Executive Vice President                      Executive Vice President
Katsuhiro Nakagawa*               Executive Vice President                      Senior Managing Director
Yasuhito Yamauchi                 Senior Managing Director                      Senior Managing Director
Zenji Yasuda                      Senior Managing Director                      Senior Managing Director
Takashi Kamio                     Senior Managing Director                      Senior Managing Director
Hiroyuki Watanabe                 Senior Managing Director                      Senior Managing Director
Akio Matsubara*                   Senior Managing Director                      Managing Director
Tokuichi Uranishi*                Senior Managing Director                      Managing Director
Kazuo Okamoto*                    Senior Managing Director                      Managing Director
Kyoji Sasazu*                     Senior Managing Director                      Managing Director
Mitsuo Kinoshita*                 Senior Managing Director                      Managing Director
Yoshimi Inaba*                    Senior Managing Director                      Director (with Managing Director
                                                                                status)
Teruyuki Minoura*                 Senior Managing Director                      Managing Director
Takeshi Uchiyamada*               Senior Managing Director                      Managing Director
Masatami Takimoto*                Senior Managing Director                      Managing Director
Akio Toyoda*                      Senior Managing Director                      Managing Director
Shoichiro Toyoda                  Honorary Chairman                             Honorary Chairman
Shuhei Toyoda*                    Director (with Senior Managing Director       Director (with Managing Director
                                  status)                                       status)



2. Corporate auditors (7 people)  (Asterisk indicates new appointee.)

Name                              Title under new system             Current title or company
Hideaki Miyahara                  Corporate Auditor                  Corporate Auditor
Yoshiro Hayashi*                  Corporate Auditor                  General Manager, TQM Promotion Division
Chiaki Yamaguchi*                 Corporate Auditor                  Toyota Financial Services Corporation
Yasutaka Okamura                  Corporate Auditor (outside)        Corporate Auditor (outside)
Hiroshi Okabe (President, Denso   Corporate Auditor (outside)        Corporate Auditor (outside)
Corporation)
Yoichi Kaya*                      Corporate Auditor (outside)                         ________________
(Director-General, Research
Institute of Innovative
Technology for the Earth)
Tadashi Ishikawa* (President,     Corporate Auditor (outside)                         ________________
Toyota Industries Corporation)



3. Managing officers (39 people)  (Asterisk indicates first time to hold TMC
executive post.)
Name                              Current title and/or company (TMC, unless otherwise stated)
Shokichi Yasukawa                 Director
Tetsuo Hattori                    Director
Hiroaki Yoshida                   Director
Kiyoshi Nakanishi                 Director
Yukitoshi Funo                    Director
Takeshi Suzuki                    Director
Atsushi Niimi                     Director
Hajime Wakayama                   Director
Hiroshi Takada                    Director
Teiji Tachibana                   Director
Shinichi Sasaki                   Director
Shin Kanada                       Director
Hironobu Ono                      Director
Akira Okabe                       Director
Yoshio Shirai                     Director
Yoichiro Ichimaru                 Director
Shoji Ikawa                       Director
Masuji Arai                       Director
Koichi Ina                        Director
Yoshikazu Amano                   Director
Shinichi Kawashima                Director
Kunio Komada                      Director
Akira Sasaki*                     Project General Manager, China Div., Asia & China Operations Center
Takeshi Yoshida*                  Chief Engineer, Vehicle Development Center 2
Hiroshi Kawakami*                 General Manager, The Americas Div., The Americas Operations Center
Hitoshi Nishiyama*                General Manager, Vista channel Operations Div., Vista channel Operations Center
Iwao Nihashi*                     General Manager, Product Engineering Planning Div.
Shinzo Kobuki*                    General Manager, Planning Div. 3, Conversion Vehicle Development Dept., Vehicle
                                  Development Center 3; General Manager, LEXUS Planning Div., Vehicle Development
                                  Center 1
Tadashi Arashiima*                General Manager, Europe Div., Europe & Africa Operations Center
Masamoto Maekawa*                 General Manager, Domestic Marketing Div.
Mamoru Furuhashi*                 General Manager, Tokyo Secretarial Div.
Satoshi Ozawa*                    General Manager, Overseas Planning Div.
Seiichi Sudo*                     Toyota Motor Manufacturing North America, Inc.
Yasuhiko Ichihashi*               Chief engineer, Vehicle Development Center 2
Tadashi Yamashina*                Toyota Technical Center, U.S.A., Inc.
Takashi Hata*                     General Manager, Global Human Resources Div.; General Manager of the Secretariat,
                                  Toyota Institute
James E. Press*                   Executive Vice President and Chief Operating Officer, Toyota Motor Sales, U.S.A.,
                                  Inc.
Gary L. Convis*                   President, Toyota Motor Manufacturing Kentucky, Inc.
Alan J. Jones*                    President, Toyota Motor Manufacturing (UK) Ltd.



4. Retiring directors (9 people)
Name                              Current title
Noritaka Shimizu                  Executive Vice President
Yoshio Uesaka                     Executive Vice President
Toshiaki Taguchi                  Director (with Executive Vice President status)
Tsutomu Tomita                    Managing Director
Yoshito Kato                      Managing Director
Shoji Kondo                       Managing Director
Toshio Mizushima                  Managing Director
Yasuhiko Fukatsu                  Managing Director
Kazutoshi Minami                  Director



5. Retiring auditors (3 people)
Name                              Current title
Terukazu Inoue                    Corporate Auditor
Yoshiaki Muramatsu                Corporate Auditor
Yoshitoshi Toyoda (Honorary       Corporate Auditor (outside)
Chairman, Toyota Industries
Corporation)




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