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Toyota President Watanabe Announces Environmental Agenda at 2008 NAIAS Media Reception

January 25, 2008

DETROIT – Toyota Motor Sales (TMS), USA, Inc., held a media reception at the 2008 North American International Auto Show at which Katsuaki Watanabe, president of Toyota Motor Corporation (TMC), announced a wide-ranging environmental agenda in response to the company’s sustainable mobility vision.

Watanabe confirmed that a new clean diesel V-8 engine will be offered in both the Tundra and Sequoia in the near future. By 2010, Toyota will accelerate its global plug-in hybrid R&D program. As part of this plan, Toyota will deliver a significant fleet of plug-in hybrid electric vehicles (PHEVs), powered by lithium-ion batteries, to a wide variety of global commercial customers, with many coming to the U.S. To make that happen, Toyota has already started the planning phase to expand its Panasonic joint-venture battery factory. The expansion will add an assembly line to build lithium batteries for automotive applications.

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