Toyota FAW (Tianjin) Dies Co. Increases Production Capacity and Begins Die Export to Europe.

Tokyo, Japan, May 22, 2006 - (JCN Newswire) - Toyota Motor Corporation (TMC; TSE:7203) announced today that Toyota FAW (Tianjin) Dies CO., LTD. (TFTD), its stamping die-production joint venture with China FAW Group Corporation (FAW) in China, can now produce automotive stamping dies (such as for automobile body panels) for six vehicle models a year, up from three. In addition to production for the Chinese market, TMC also said TFTD has started production for export, initiating the first ever export of Toyota automotive stamping dies made outside Japan.

A ceremony to mark the production capacity increase and start of export production was held today in Tianjin, China and was attended by Chairman Li Yong of the Tianjin Economic-Technological Development Area (TEDA) Administrative Commission and numerous other guests from the Tianjin government. TFTD was represented by President Taminori Yanagisawa, FAW by Vice President Qin Huanming and TMC by Executive Vice President Akio Toyoda and Managing Officer Nobuyoshi Hisada.

TFTD was established in March 2004 as Toyota's first large stamping die manufacturer in China and began production in December of the same year. Since then, it has supplied dies to Tianjin FAW Toyota Motor Co., Ltd. and Tianjin FAW Xiali Automobile Co., Ltd. From now on, TFTD will serve as a global production base supplying dies also to Toyota Motor Manufacturing (UK) Ltd. and Toyota Motor Manufacturing Turkey Inc.

Outline of TFTD
Company name           Toyota FAW (Tianjin) Dies Co., Ltd. (TFTD)
Location               228 Huang Hai Rd., Tianjin Economic-Technological
                       Development Area (TEDA), Tianjin, PRC
Capitalization         US$12 million (approx. 1.3 billion yen)
Equity participation   TMC: 90% (US$10.8 million - approx. 1.2 billion yen)
                       FAW: 10% (US$1.2 million - approx. 1 million yen)
Establishment          March 4, 2004 (start of production: December 10, 2004)
Executives             Chairman (non-resident): Akio Toyoda
                       (executive vice president, TMC)
                       Vice chairman (non-resident): Tian Yushi
                       (assistant president, FAW)
                       Director (non-resident): Akira Sasaki
                       (managing officer, TMC)
                       Director (non-resident): Nobuyoshi Hisada
                       (managing officer, TMC)
                       President and director: Taminori Yanagisawa
No. of employees       Approx. 210 (as of the end of April 2006)

About Toyota Motor Corporation

Toyota Motor Corporation (TSE: 7203; NYSE: TM) develops and manufactures vehicles, and is one of the largest car manufacturers in the world, offering a wide range of products from minivehicles to trucks. In addition to its core business, Toyota has a large business portfolio in financial services, including sales finance, vehicle insurance, and credit cards. It is also involved in telecommunications through a subsidiary that provides cellular services in Japan. Other diversified businesses include industrial equipment, prefabricated housing, and leisure boats. The company is headquartered in Aichi, Japan. Fot more information, please visit www.toyota.co.jp/en/index.html.

Source: Toyota Motor Corporation

Contact:

Toyota Motor Corporation
Public Relations Department
http://www.toyota.co.jp/en/index_company.html

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