NEW YEAR'S MESSAGE 1983

We have just completed a year of challenge and historic change for Toyota. The central event of the year was the merger, last July, of Toyota Motor Co., Ltd. and Toyota Motor Sales Co., Ltd., to form the new TOYOTA MOTOR CORPORATION. Six months have passed, and already the smooth start of our new organization augurs a bright future. The road we must travel to reach it, however, will not be a smooth one.