May 13, 2003

Toyota begins producing first V8 engines in Alabama

Huntsville, Alabama – Alabama and Huntsville area leaders joined Toyota officials on Monday for a celebration marking the production of Toyota’s first V8 engines made outside of Japan.

Toyota Motor Manufacturing Alabama, Inc represents an investment of U.S.$220 million and currently employs about 300 people who will produce 120,000 engines annually for the Tundra pick-up truck made in Indiana. Employment will grow to about 350 when the plant is at full production.

Toyota Motor Corporation Executive Vice President Kosuke Shiramizu, who has overseen the project since leading the site selection team, thanked team members for their talent and work ethic and emphasized the importance of the Alabama plant to Toyota’s North American growth.
“Our engines are known for performance, reliability and durability. But the competition for Tundra is very strong,” he said. “This Alabama-made engine will be a key to our success in the truck market.”

Toyota currently has 10 vehicle manufacturing and parts facilities in North America, and is building three more in Baja California, Mexico; San Antonio, Texas; and Jackson, Tennessee.
By 2006, Toyota will have capacity to build 1.65 million cars and trucks a year and 1.16 million engines in North America. Toyota currently employs some 34,000 people throughout North America. The company’s direct investment is nearly $14 billion with annual parts, materials, goods and services purchased from North American suppliers totaling nearly $20 billion.

Toyota’s North American-produced vehicles include the Avalon, Camry, Corolla, Matrix, Sienna, Solara, Sequoia, Tacoma and Tundra, and Voltz. Beginning in the fall of 2003, the Lexus RX 330 will be produced at the automaker’s plant in Cambridge, Ontario.

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