May 5, 2011 - New York, NY – Toyota today announced a $1 million contribution to the American Red Cross to support relief efforts for victims of the recent outbreak of tornados in the Southern, Midwestern and Eastern regions of the United States. In addition, Toyota will match employee contributions to the American Red Cross. The company will also provide additional support and assistance to those Toyota employees who have lost their homes.
Commenting on the donation, Yoshi Inaba, president and chief operating officer of Toyota Motor North America, Inc., said, “All of us at Toyota express our sincere condolences to the families affected by these devastating storms. Since we have manufacturing plants, suppliers and many dealerships in the regions that were hit the hardest, we felt a special responsibility to lend a hand. In addition to this financial support, many Toyota employees are already involved in volunteer activities to support those in need. We very much appreciate their personal engagement."
Toyota (NYSE:TM) established operations in North America in 1957 and currently operates 14 manufacturing plants, including one under construction. There are more than 1,800 Toyota, Lexus and Scion dealerships in North America which sold more than 2 million vehicles in 2010. Toyota directly employs more than 35,000 in North America and its investment here is currently valued at more than $23 billion, including sales and manufacturing operations, research and development, financial services and design. Toyota's annual purchasing of parts, materials, goods and services from North American suppliers totals nearly $25 billion.
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