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April 09, 2003
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This Week:

• Saturn Unveils Performance-Tuned VUE Red Line

• Jürgen E. Schrempp at the Annual Meeting: DaimlerChrysler Stands by Its Earnings Target for 2003

• Remote Control Steering Available On MINI

• Renault and Volvo Cars strengthen commercial partnership in the Nordic markets

• Toyota Announces New Management System, Appoints Two Americans As Managing Officers

• Topping Ceremony of the TPCA JV Plant Celebrated in Kolín, Czech Republic

• Mercedes-Benz Credit and Mercedes-Benz USA Move to Strengthen Brand with an Integrated Market Approach

• Ford To Open New SGI® Reality Centre® At Its Dunton Design Studio In Essex

• Porsche 911 is the sports car with the most stable value

• Renault SCÉNIC II - Innovative, compact and dynamic Design

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Toyota Announces New Management System, Appoints Two Americans As Managing Officers
 

New York, NY - In order to meet increasing competition and rising global demands, Toyota Motor Corporation (TMC) has announced changes to its management system designed to streamline and accelerate its decision-making process and enhance its competitiveness. The new management system and list will be officially finalized at a board of directors meeting following the general shareholders meeting in June. Members of the board currently carrying the title of senior managing director and above will comprise the new Board of Directors. Managing directors and below will be appointed managing officers and will concentrate on day-to-day business activities. North American managing officers will include:

• Atsushi Niimi, president and CEO, Toyota Motor Manufacturing North America

• Gary L. Convis, president of Toyota Motor Manufacturing, Kentucky

• James E. Press, executive vice president and chief operating officer of Toyota Motor Sales, USA

• Seiichi Sudo, vice president, Toyota Motor Manufacturing North America

• Tadashi Yamashina, president, Toyota Technical Center, USA

"I am pleased that five members of our North American team, including two non-Japanese executives, have been named managing officers in Toyota's new corporate decision-making structure," said Toshiaki "Tag" Taguchi, president and CEO of Toyota Motor North America. "This is a great statement about Toyota's globalization and the importance of the North American market.

Each of these individuals has played a critical role in Toyota's success here, and I'm pleased they will now play an increasingly important role in Toyota's overall global success."

In addition, Yoshimi Inaba, president and CEO of Toyota Motor Sales-USA, will be promoted to senior managing director and member of the new Board of Directors. Toshiaki Taguchi, will retire from the board but continue in his current position as president and CEO of Toyota Motor North America.

(April 08, 2003)