Replica of the Toyota Model AA, the first production model of Toyota in 1936

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Toyota

The Toyota Motor Corporation, or simply called Toyota is a Japanese multinational corporation and the world's second largest automaker that manufactures automobiles, trucks, buses and robots and the world's eighth largest company. more...

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The company's headquarters are in Toyota, Aichi, Japan with factories and offices around the world.

The company was founded in 1933 by Kiichiro Toyoda. Since then, Toyota has become one of the most successful and profitable Japanese companies and one of the world's most industry leading automobile corporations as producing industry's first commercially available Advanced Parking Guidance System (automatic parking), eight-speed automatic transmission, real-time traffic guidance with dynamic rerouting, and four-zone climate control with infrared technology in its Lexus division models . It's also one of few automobile corporations that extensively produced and pushed car based on the hybrid fuel technology in the market such as in the hybrid Scion, Toyota and even in the luxury Lexus division cars. Toyota consistently ranks as building some of the most reliable automobiles in the world according to surveys and analysis.

According to current predictions, it is highly speculated that it will become the world's largest automaker, overtaking General Motors, by producing and selling 9.8 million vehicles in 2008 along with increasing sales. It's one of the Japanese "big three" challenging American automobile manufacturers that includes Nissan and Honda with high success.

Introduction

The headquarters of Toyota is located in Toyota, Aichi, Japan. Toyota also provides financial services through its subsidiary, Toyota Financial Services, and participates in other lines of business. It manufactures vehicles sold in the United States under the brand names Toyota, Scion and Lexus. Toyota also owns majority stakes in Daihatsu and Hino, and 8.7% of Fuji Heavy Industries, which manufactures Subaru vehicles.

As of 2005, Toyota, combined with its half-owned subsidiary Daihatsu Motor Company, produced 8.54 million vehicles, about 500,000 fewer than the number produced by GM that year. In July 2006, Toyota passed Ford in selling cars, although Ford regained its lead over Toyota in the following month and lost it again due to heavy gas prices. Toyota has a large market share in the United States, Europe and Africa and is the market leader in Australia. It has significant market shares in several fast-growing Southeast Asian countries.

In the Fortune Global 500, it is the 8th largest company in the world outpacing Ford Motor Company in all listings in terms of revenue and growth and in the 2006 Forbes Global 2000 it is the 12th largest company in the world. It has been consistently gaining market share in the United States, while shrinking sales for Ford and General Motors in the United States.