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TOYOTA ANNOUNCES MANAGEMENT CHANGES

 TOYOTA ANNOUNCES MANAGEMENT CHANGES
 TORRANCE, Calif., April 8 /PRNewswire/ -- It was announced that


that, effective June 1, Yukiyasu Togo and Robert B. McCurry will relinquish day-to-day management responsibilities and be appointed chairman and vice chairman, respectively, of Toyota Motor Sales (TMS), USA.
 Togo will be succeeded as TMS president by Shinji Sakai, presently a member of the Toyota Motor Corporation (TMC) board of directors. Sakai has been with Toyota 30 years. He spent his early years in planning and research in the company's marketing organization. He then worked mainly in international sales, including five years in Canada in the early 1980s. In 1985, Sakai became general manager of the North American division. Named to the TMC board of directors in 1988, he has overseen both North American production and marketing activities for the past four years.
 Yale Gieszl, currently senior vice president, will be promoted to executive vice president. Gieszl, a California native who has been with TMS for 22 years, is currently a member of the board of directors and executive committee. Gieszl has had responsibility for a number of corporate departments and TMS's financial services subsidiaries Toyota Motor Credit Corporation (TMCC) and Toyota Motor Insurance Services (TMIS)
 "Having Yuki Togo and Bob McCurry not directly involved in active day-to-day management marks a coming of age for TMS-USA," said TMC President Dr. S. Toyoda. "Under their aggressive and experienced leadership, over the past decade TMS has evolved from a mid-sized sales organization into a full-sized company with several subsidiaries, a strong retail organization and an experienced, highly capable management team. We look forward to continued growth and success for TMS in the future."
 Responsibilities and reporting relationships will be announced at a later date.
 -0- 4/8/92
 /CONTACT: Jim Olson, 310-618-4701, or Joe Tetherow, 310-618-4727, both of Toyota Motor Sales, USA, Inc./ CO: Toyota Motor Sales USA Inc. ST: California IN: AUT SU:


TM-CH -- LA018 -- 6194 04/08/92 11:15 EDT
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Date:Apr 8, 1992
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