Toyota is a Japanese multinational automotive manufacturer headquartered in Toyota, Aichi, Japan. The company was founded by Kiichiro Toyoda in the year 1937 as a spinoff from his father’s company, Toyota Industries, to manufacture automobiles. Three years prior of founding in 1934, while still a department of Toyota Industries, it developed its first product, Type A engine, and its first car in 1936, the Toyota AA.
- In the year 1918, Sakichi Toyoda established Toyota Spinning and weaving Co. Ltd and in the year 1926, Toyoda Automatic Loom Works, Ltd was established, and it was the year 1933 Automobile Department was established within Toyota Automatic Loom Works.
- The first vehicle the company produced was meant for military purposes in 1936, and the company started their production for civilians in the year 1947.
- When the company was founded, its name was known as Toyoda. The reason why it is changed its name from “Toyoda” to “Toyota” is that people thought it sounded better, and the name could be written in the Japanese languages with eight strokes of the pen.
- Toyota started exporting vehicles to the United States in the year 1957. (Internal link us)Since the year 2009, Toyota is been run by Akio Toyoda, who is the grandson of Kiichiro Toyoda. The Toyoda family owns just 2 percent of the stake in the company but enjoys a status beyond mere stockholding.
- Since the year 2009, Toyota is been run by Akio Toyoda, who is the the grandson of Kiichiro Toyoda. The Toyoda family owns just 2 per cent of the stake in the company but enjoys a status beyond mere stockholding.
- The Korean War saved the company from bankruptcy as the US ordered more than 5,000 vehicles from Toyota in the 1950s, which saved the company and helped it to revive.Toyota was the first the world’s first automobile manufacturer to produce more than 10 million vehicles per year, and it is doing the same since 2012.
- Toyota was the first the world’s first automobile manufacturer to produce more than 10 million vehicles per year, and it is doing the same since 2012.
- In the year 2012, the company reported the production of 200 million vehicles.As of July 2014, The Company was the largest listed company in Japan by revenue and market capitalization.
- As of July 2014, The Company was the largest listed company in Japan by revenue and market capitalization.
- Based on the sales of 2018, Toyota is the largest automobile manufacturer in Japan and the second largest in the world, Just after Volkswagen.
- Toyota is a market leader in the sales of hybrid electric vehicles. Its Prius family is the world’s top-selling hybrid series of cars, with over 6 million units sold worldwide as of January 2017.
- Toyota owns three other car brands, which are Lexus, Daihatsu, and Hino Motors. The company also has a stake in Scion and Subaru.
- The company produced around 7.6 million units in the fiscal year ended March 31, 2021.
- Toyota has 360,000 employees on the payroll as per the year 2020 compared to 370,900 employees in the year 2019, which is a decline of 3%.
- In the year 2019, the company sold 10.74 million units globally.
