Background and Company History of Toyota
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| older building of toyota head office |
Toyota Motor Corporation (TMC), commonly known as Toyota, is a multinational corporation with headquarter in Toyota City, Aichi, Japan. Toyota is the world’s largest automobile manufacturer by sales.
Toyota, founded by Kiichiro Toyoda in August 28, 1937, is a spinoff to create automobiles from his father’s company Toyota Industries. The Type A engine was its first product, and in 1936, its first passenger car was the Toyota AA.
The formation on the automobile brands that the Toyota Group develops and produces, along with automobile-related businesses include: Toyota, Lexus, Hino and Daihatsu; along with several “non-automotive” companies: Housing, Financial Activities, ITS, GAZOO, Marine, Biotechnology & Afforestation and New Business Enterprises. The Toyota Group is one of the largest conglomerates in the world.
More popular Toyota schemes/programs include: “Toyota Rent a Car” (Car Rentals and Leasing), Information on GAZOO.com U-Car (for used cars), T-UP (network for sales of used cars) and “Car Lots” (for used car dealers).
History and Timeline of Toyota in Milestones:
Toyota’s history with focus on business development and new model introductions, production, sales, and exports.
1867 Birth of Sakichi Toyoda
1924 Sakichi Toyoda invents Toyoda Model G Automatic Loom
1929 Automatic-loom patent is sold to a British company
1930 Kiichiro Toyoda begins research on small gasoline-powered engine
1933 Automobile Department is established at Toyoda Automatic Loom Works, Ltd.
1935 The Toyoda precepts are compiled
1936 The AA Sedan is completed
1937 Toyota Motor Co., Ltd. is established
1938 Honsha Plant begins production
1950 Company faces a financial crisis; Toyota Motor Sales Co., Ltd. is established
1951 Suggestion System is begun
1955 The Toyopet Crown, Toyopet Master and Crown Deluxe are launched
1957 The first prototypes of the Crown are exported to the USA Toyota Motor Sales U.S.A., Inc. is established
1959 Motomachi Plant begins production
1962 Joint Declaration of Labor and Management is signed
1965 Toyota wins the Deming Application Prize for quality control
1966 The Corolla is launched Business tie-up with Hino Motors Ltd. begins
1967 Business tie-up with Daihatsu Motor Co., Ltd. begins
1974 Toyota Foundation is established
1975 The prefabricated housing business begins
1982 Toyota Motor Co., Ltd. and Toyota Motor Sales Co., Ltd. are merged into Toyota Motor Corporation
1984 Joint venture with GM (NUMMI) begins production in the USA
1988 Toyota Motor Manufacturing, USA, Inc. (present TMMK) begins production
1989The Lexus brand is launched in the USA
1992 Toyota Motor Manufacturing (UK) Ltd. begins production
1997 The Prius is launched as the world first mass-produced hybrid car
1999 Cumulative domestic production reaches 100 million vehicles
2000 Sichuan Toyota Motor Co., Ltd. begins production in China
2001 Toyota Motor Manufacturing France S.A.S. begins production in France
2002 Toyota enters Formula One World Championship Tianjin Toyota Motor Co., Ltd. begins production in China
2004 The Toyota Partner Robot is publicly unveiled
2005 The Lexus brand is introduced in Japan
2008 Worldwide Prius sales top 1-million mark
Latest Highlights of Toyota include:
Sep 30, 2010 Toyota Unveils ‘Verso-S’ at 2010 Paris Motor Show
Oct 05, 2010 TMC Develops Advanced Energy Management System
Oct 06, 2010 Tsutsumi Plant Tree-planting Activities Make Green List
Oct 07, 2010 Worldwide ‘Prius’ Sales Top 2-million Mark
Oct 13, 2010 TMC to Use Bio-PET ‘Ecological Plastic’ in Vehicle Interiors
As of fiscal year 2010, it has a revenue of JPY 18,950,973 million, net income of JPY 209,456 million and total assets of JPY 30,349,287 million.
Toyota’s Number of Employees (worldwide):
In 2009, Toyota Motor Corporation employed 71,116 people worldwide
The Toyota Executives
Shoichiro Toyoda – Honorary Chairman
Fujio Cho – Chairman and Representative Director
Katsuaki Watanabe – Vice Chairman and Representative Director
Kazuo Okamoto – Vice Chairman and Representative Director
Akio Toyoda – President and Representative Director
Executive Vice Presidents and Representative Directors
- Takeshi Uchiyamada
- Yukitoshi Funo
- Atsushi Niimi
- Shinichi Sasaki
- Yoichiro Ichimaru
- Satoshi Ozawa
Senior Managing Directors
- Nobuyori Kodaira
- Akira Okabe
- Shinzo Kobuki
- Akira Sasaki
- Mamoru Furuhashi
- Iwao Nihashi
- Tadashi Yamashina
- Takahiko Ijichi
- Tetsuo Agata
- Masamoto Maekawa
- Yasumori Ihara
- Takahiro Iwase
- Yoshimasa Ishii
- Takeshi Shirane
- Mitsuhisa Kato
Products and Services of Toyota
- Automobiles
- Cars
- Trucks
- SUVs
- Minivan
- Hybrids
- Vehicles
- Fuel Economy
- Accessories
- Toyota Current Vehicles
- 4Runner
- Avalon
- Camry
- Corolla
- FJ Cruiser
- Highlander
- Land CRuiser
- Matrix
- Prius
- RAV4
- Sequoia
- Sienna
- Tacoma
- Tundra
- Venza
- Yaris
Toyota financial services are handled by Toyota Financial Services Corporation (TFS), which has overall control of financial services subsidiaries worldwide. TFS provides financial services mainly for vehicle purchases and leases in more than 30 countries and regions worldwide.
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