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BW0027  OCT 22,2001       2:01 PACIFIC      05:01 EASTERN


( BW)(TX-INDUSTRIAL-INFO-RES) Toyota Motor Manufacturing North America
Nears Completion of $800 Million Expansion in Princeton, Indiana, in
an Advisory by Industrialinfo.com

    Business Editors

	   HOUSTON--(BUSINESS WIRE)--Oct. 22, 2001--The following is an
advisory by Industrialinfo.com (Industrial Information Resources, Inc.;
Houston, Texas). Toyota Motor Manufacturing North America (Erlanger,
KY), a division of Toyota Motor Corporation (Aichi Prefecture, Japan)
(NYSE:TM) is nearing completion of an $800 million expansion at its
Princeton, Indiana assembly plant. Located on 1,160 acres, the
original plant was built in 1998 and is the sole manufacturer of the
new Tundra full-size pickup truck. The Tundra is Toyota's first entry
into the full-size truck market and the Princeton plant produced
56,176 Tundras in 1999 for U.S. and Canadian export markets.
	   Construction started in the spring of 2001 to expand the original
2 million square foot facility by adding 1.8 million square feet. The
investment of $800 million at this facility will raise the annual
production capacity of Tundras and Sequoias from 120,000 units to
200,000 units. The facility houses operations in stamping, body
welding, painting, plastics and assembly of the Tundra pickup truck,
Sequoia full-size sport utility vehicle, and the Sienna minivan, which
is scheduled to start production in 2003. Once this expansion is
complete, Toyota's investment at Princeton, Indiana will total $2
billion, with a capacity of 300,000 units and employment expectancy of
4,300 people. Employment is currently 2,460 at this facility.
	   Toyota employs more than 30,000 people in North America, including
approximately 20,000 at its manufacturing plants in California,
Indiana, Kentucky, Missouri, West Virginia, and Ontario and British
Columbia in Canada. Once the Indiana-built Sequoias debut, Toyota will
produce eight vehicles in North America; including the Avalon, Camry,
Camry Solara, Corolla, Sequoia, Sienna, Tacoma and Tundra.
	   Industrialinfo.com provides daily news related to the industrial
market place including industry alerts and databases for the energy
and industrial markets. For more information on trends and upcoming
construction activities in the Industrial Manufacturing industry as
well as other industrial sectors send inquiries to
industrialmanufacturinggroup@industrialinfo.com or visit us at
www.industrialinfo.com.

    --30--CM/na*

    CONTACT: Industrial Information Resources Inc., Houston
             Joseph Govreau, 713/783-5147
             www.industrialinfo.com

    KEYWORD: INDIANA TEXAS
    INDUSTRY KEYWORD: AUTOMOTIVE MANUFACTURING
    SOURCE: Industrial Information Resources, Inc.

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