For Immediate Release
March 28, 2003

Tennessee to Become Home of Toyota Engine Block Plant
—New Unit to Supply Toyota Engine Production Facilities in North America—

Tokyo—TOYOTA MOTOR CORPORATION (TMC) announced today that it has selected Jackson, Tennessee, USA, as the home of a new aluminum die-casting plant that will make aluminum engine blocks for engines assembled at Toyota's North American engine plants. The Tennessee facility will be the third plant of Bodine Aluminum, Inc., Toyota's Missouri-based aluminum block die-casting unit.

The new plant—Toyota's first wholly owned plant in the state of Tennessee—is scheduled to kick off operations in 2005 and build up to a yearly production capacity of about 1 million units. The aluminum engine blocks produced will be supplied to Toyota's North American engine plants for machining and assembly.

This decision represents Toyota's long-standing policy of making products where they are sold. The plant, which will be set up and expanded over several years, will eventually have an investment of US$124 million and will employ approximately 200 people.

Outline of new plant
Plant, company Tennessee Plant, Bodine Aluminum, Inc.
Location Jackson, Tennessee, USA
Product line Aluminum engine blocks
Production capacity Approx. 1 million units a year
Site area Approx. 800,000 square meters (approx 200 acres)
Investment Approx. US$124 million
Start of production 2005 (scheduled)
Number of employees Approx. 200

Copyright 2003 Toyota Motor Corporation. All Rights Reserved.
The information in this release speaks as of the date issued. Toyota Motor Corporation does not, does not intend to, and expressly disclaims any duty to, update or correct such information.