Toyota Announces 2006 North American Production Results

January 10, 2007

January 10, 2007 - Erlanger, KY - Toyota Motor Engineering & Manufacturing North America, Inc. (TEMA) announced today that the company's North American manufacturing facilities produced 1,553,790 vehicles and 1,428,662 engines in 2006.

In North America, Toyota produces the Avalon, Camry, Camry Hybrid, Corolla, Matrix, Sequoia, Sienna, Solara, Tacoma, Tundra and Lexus RX 350.

Year-over-year, vehicle production was unchanged and engine production was up ten percent to reach a record level. Toyota is currently preparing for numerous start-up and expansion activities in North America that will increase vehicle capacity to two million units by 2008. This represents an additional 470,000 units of vehicle capacity in North America.

"This was a critical year for Toyota as we began production of the next generation Camry, the Camry Hybrid and commenced Tundra production in Texas," said Seiichi Sudo, president and COO of TEMA. "By 2008, Toyota's vehicle capacity will grow 33 percent as we follow our philosophy to build vehicles where we sell them."

This following is a breakdown of Toyota's capacity increase through 2008:

· Toyota Motor Manufacturing, Texas (TMMTX) started operations in November 2006 and, when at full capacity, will be able to produce 200,000 units of Tundra pickup trucks per year.

· Subaru Indiana Automotive, Inc. (SIA) will begin production of the Camry this spring and, when at full capacity, will be able to produce 100,000 units annually.

· Toyota Motor Manufacturing de Baja California (TMMBC) will expand Tacoma truck capacity this year by 20,000 units for total vehicle capacity of 50,000 units annually.

· Toyota Motor Manufacturing Canada's (TMMC) Woodstock facility will begin production of the RAV4 in 2008 with capacity of 150,000 units annually.

Additionally, Toyota anticipates the following projects to come on line in 2007:

· Toyota Motor Manufacturing, West Virginia, Inc. (TMMWV) will produce an additional 240,000 automatic transmissions for total annual capacity of 600,000 automatic transmissions per year.

· Bodine Aluminum, Inc.'s Jackson, Tennessee plant will increase capacity to build one million engine blocks and 270,000 cast aluminum transmission cases and housings.

In 2006, the following projects were completed:

· TMMWV began producing gears for automatic transmissions.

· Toyota Motor Manufacturing, Kentucky, Inc. (TMMK) began production of the next generation Camry and the Camry Hybrid - Toyota's first hybrid produced in North America.

· TMMTX began production of the next generation Tundra pickup truck.

· Toyota Motor Manufacturing, Alabama, Inc. (TMMAL) increased V8 engine production and has the capacity to produce 120,000 V8 and 130,000 V6 engines annually.

 

Toyota North American Vehicle Production - 2006

Manufacturing Site

Model

# Units

Toyota Motor Manufacturing, Kentucky, Inc. (TMMK)

Avalon

100,014

Camry

358,544

Camry Hybrid

4,249

Solara

41,078

Total

503,885

New United Motor Manufacturing, Inc.

(NUMMI)*

Corolla

199,534

Tacoma

170,765

Total

370,299

Toyota Motor Manufacturing Canada, Inc.

(TMMC)

Corolla

161,555

Matrix

78,939

RX 350

76,939

Total

317,433

Toyota Motor Manufacturing, Indiana, Inc.

(TMMI)

Tundra

118,062

Sequoia

33,917

Sienna

172,211

Total

324,190

Toyota Motor Manufacturing de Baja California (TMMBC)

Tacoma

34,465

Total

34,465

Toyota Motor Manufacturing, Texas, Inc. (TMMTX)

Tundra

3,518

 

Total

3,518

Total 2006 North American Vehicle Production*  

1,553,790

*Total does not include General Motors vehicles built at New United Motor Manufacturing, Inc. (NUMMI), a joint-venture between Toyota and General Motors in Fremont, California. In 2006, NUMMI manufactured 58,344 Pontiac Vibe vehicles.

 

Toyota North American Engine Production - 2006

Manufacturing Site

Engine

# Units

Toyota Motor Manufacturing, Kentucky, Inc. (TMMK)

4-cylinder

338,933

V6

161,537

Total

500,470

Toyota Motor Manufacturing, West Virginia, Inc. (TMMWV)

4-cylinder

238,032

V6

196,816

Total

434,848

Automatic Transmission Total

390,245 Toyota Motor Manufacturing Canada, Inc.

(TMMC)

4-cylinder (assembly)

231,302

Total

231,302

Toyota Motor Manufacturing, Alabama, Inc. (TMMAL)

V6 (assembly)

145,290

V8

116,752  

Total

262,042

Total 2006 North American Engine Production  

1,428,662

In addition to the above mentioned plants, Bodine Aluminum, Inc., in Jackson, Tennessee and Troy and St. Louis, Missouri, cast aluminum parts such as cylinder heads, intake manifolds, engine brackets and engine blocks. TABC, Inc. in Long Beach, California, manufactures truck beds, catalytic converters, stamping parts, coated substrates and steering columns, along with Hino Trucks. Canadian Autoparts Toyota, Inc. (CAPTIN) in Delta, British Columbia, produces aluminum wheels.

Toyota's North American vehicle and engine production - five year history:

 

Year		     Vehicle Production            YOY Change
2006		        1,553,790	               Unchanged
2005		        1,558,895		   8%
2004		        1,443,889		  13%
2003		        1,278,359		   6%
2002		        1,205,486		  11%	

Year		     Engine Production            YOY Change
2006		        1,428,662		  10%
2005		        1,295,227		    2%
2004		        1,273,437		  15%
2003		        1,112,074		  12%
2002		           988,678		  40%

Toyota (NYSE:TM) established operations in North America in 1957. By 2008, Toyota will have the annual capacity to build about two million cars and trucks in 15 plants across North America. There are more than 1,700 Toyota, Lexus and Scion dealerships in North America, which sell more than 2.8 million vehicles a year. Toyota directly employs nearly 40,000 people in North America. Toyota's investment in North America is currently valued at more than $17.6 billion.

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