Convis, Smallenberg to Retire From Toyota

June 13, 2007

Toyota announced today that Gary Convis, chairman of Toyota Motor Manufacturing, Kentucky, Inc. (TMMK), executive vice president of Toyota Motor Engineering & Manufacturing North America, Inc. (TEMA) and Gary Smallenberg, president of Canadian Autoparts Toyota, Inc., (CAPTIN) will both retire from the company.

"We thank both gentlemen for their focus of quality, vision and hard work during a very challenging period for Toyota in North America," said Seiichi Sudo, president and COO of TEMA. "They have each had a tremendous impact on our growth. Both are true ambassadors for the Toyota Way and will be missed by all."

Convis, 64, began his career with Toyota at New United Motor Manufacturing, Inc. (NUMMI), a joint venture with General Motors in April 1984 as plant general manager responsible for manufacturing operations and personnel. In May 2000, he joined TMMK, Toyota's largest plant outside Japan as executive vice president and became president and eventually was named chairman. In June 2003, his responsibilities were expanded to include two additional assignments; managing officer at Toyota Motor Corporation and executive vice president of Toyota's North American manufacturing operations. In his retirement, Convis will serve as senior executive advisor to Toyota.

Under Convis' leadership, TMMK began producing the Camry hybrid in October 2006, the first Toyota hybrid vehicle built in North America and was responsible for bringing the North American Production Support Center to Georgetown, Kentucky, which trains Toyota's 30,000 team members across the continent in a standardized manner.

Smallenberg, 60, began his career with CAPTIN in 1991 as vice president, secretary and member of the board. CAPTIN, located in Delta, British Columbia, Canada, is a wholly owned subsidiary of Toyota. In January 1998, he was appointed to president and corporate secretary and was also named as a member of the Board of Directors of Toyota Motor Manufacturing Canada Inc., based in Cambridge, Ontario.

Under Smallenberg's leadership, CAPTIN has had a number of expansions, including a just-completed C$39 million/US$35 million expansion earlier this month – CAPTIN's sixth in its 24-year history.

Deryl Sturdevant, 51, vice president, will become the new president of CAPTIN effective immediately. Before joining CAPTIN one year ago, Sturdevant served in a variety of roles at NUMMI, including general manager of plant operations, and assistant general manager of human resources, environmental, engineering, maintenance and new model introduction. Sturdevant joined NUMMI in February 1990.

Andrew McFadyen, 45, general manager, has been promoted to vice president of manufacturing and engineering of CAPTIN.

TMMK, located in Georgetown, employs about 7,000 team members and is Toyota's largest manufacturing plant in North America. Its annual capacity is 500,000 vehicles and engines and produces the Camry, Camry hybrid, Avalon and Solara vehicles as well as four cylinder and V6 engines. TMMK has a total investment of nearly $5.5 billion.

CAPTIN employs about 300 team members and manufactures over 42 different designs of aluminum wheels for Toyota cars and light trucks. The company supplies Toyota assembly and service organizations in Japan, the United States, and Canada. CAPTIN's total capacity exceeds 1.7 million aluminum wheels annually. CAPTIN has a total investment is C$247million/US$223 million.

About Toyota
Toyota (NYSE:TM) established operations in North America in 1957 and will operate 15 manufacturing plants in North America by 2010. There are more than 1,700 Toyota, Lexus and Scion dealerships in North America which sold more than 2.8 million vehicles in 2006. Toyota directly employs over 41,000 in North America and its investment here is currently valued at more than $18.6 billion, including sales and manufacturing operations, research and development, financial services and design. Toyota's annual purchasing of parts, materials, goods and services from North American suppliers totals more than $28.5 billion.

Toyota currently produces 11 vehicles in North America, including the Avalon, Camry, Camry Hybrid, Corolla, Matrix, Sienna, Solara, Sequoia, Tacoma, Tundra and the Lexus RX 350. By 2010, Toyota will have the annual capacity to build approximately 2.2 million cars and trucks, 1.45 million engines and 600,000 automatic transmissions.

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