Toyota Moving Forward With Plans to Purchase Rowan County Land for NASCAR Support Facility

January 17, 2007

January 17, 2007 - Toyota will proceed with plans to purchase an 89 acre parcel in Rowan County, North Carolina on which it will build its new NASCAR support facility, Toyota Motor Sales, U.S.A., Inc., announced today. The announcement follows the Rowan County Commission public hearing held Tuesday evening, Jan 16.

The land, situated about 35 miles north of Charlotte and easily accessible from Interstate 85, is pre-certified for development. Toyota plans are to build a 30,000 to 35,000 square foot facility that will house TRD (Toyota Racing Development) U.S.A., Inc.’s, NASCAR competition group, in addition to a chassis engineering operation. Pending final planning, construction is expected to begin this year with completion targeted for late 2008.

"We expect to finalize the purchase within the next 30 days," said Jim Aust, president of TRD and vice president of motorsports for TMS, who attended the commission meeting. "Toyota has a philosophy of locating operations where it does business and as a result we have 15 manufacturing facilities in North America. When it comes to NASCAR, we wanted a location accessible to all our teams and the Rowan County property provides the best opportunity. Obviously we’re committed to a long-term relationship with the sport."

The new facility will employ between 40 and 50 people when completed. Toyota plans to use less than half the land and will sell the remaining acreage. TRD currently operates out of two facilities in High Point, N.C. and another in Mooresville, N.C.

Toyota, which has been competing in the NASCAR Craftsman Truck Series the past three years and captured the 2006 NCTS manufacturer’s championship, will enter NEXTEL Cup and Busch series competition for the first time in 2007. Three teams and seven drivers will be competing with Toyota Camrys when the 2007 NEXTEL Cup season kicks-off in February at the Daytona 500.

NEXTEL Cup series teams and drivers using the Toyota Camry in 2007 include Bill Davis Racing (Dave Blaney and Jeremy Mayfield), Michael Waltrip Racing (Dale Jarrett, David Reutimann and Michael Waltrip), and Team Red Bull (A.J. Allmendinger and Brian Vickers).

Toyota will also provide technical support in 2007 for two Busch series teams campaigning three Camrys and six teams in the Craftsman Truck Series running nine Tundra entries.


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