Toyota Wikipedia the free encyclopedia

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Toyota Motor Corporation (Japanese. トヨタ自動車株式会社. Hepburn. Toyota Jidōsha KK ?. IPA: [toꜜjota]. / t ɔɪ ˈ oʊ t ə / ) is a Japanese automotive manufacturer headquartered in Toyota, Aichi. Japan. In 2013 the multinational corporation consisted of 333,498 employees worldwide [ 3 ] and, as of January 2014, is the fourteenth-largest company in the world by revenue.

Toyota was the largest automobile manufacturer in 2012 (by production). [ 4 ] In July of that year, the company reported the production of its 200-millionth vehicle. [ 5 ] Toyota is the world’s first automobile manufacturer to produce more than 10 million vehicles per year. It did so in 2012 according to OICA, [ 4 ] and in 2013 according to company data. [ 6 ] As of November 2013, Toyota was the largest listed company in Japan by market capitalization (worth more than twice as much as #2-ranked SoftBank ) [ 7 ] and by revenue. [ 8 ]

The company was founded by Kiichiro Toyoda in 1937 as a spinoff from his father’s company Toyota Industries to create automobiles. Three years earlier, in 1934, while still a department of Toyota Industries. it created its first product, the Type A engine. and, in 1936, its first passenger car, the Toyota AA. Toyota Motor Corporation produces vehicles under 5 brands, including the Toyota brand, Hino.

Lexus. Ranz. and Scion. It also holds a 51.2% stake in Daihatsu. a 16.66% stake in Fuji Heavy Industries. a 5.9% stake in Isuzu. and a 0.27% stake in Tesla. as well as joint-ventures with two in China (GAC Toyota and Sichuan FAW Toyota Motor ), one in India (Toyota Kirloskar ), one in the Czech Republic (TPCA ), along with several nonautomotive companies. [ 9 ] TMC is part of the Toyota Group. one of the largest conglomerates in the world.

Corporate governance [ edit ]

President of Toyota Motor Company:

In 1981, Toyota Motor Co. Ltd. announced plans to merge with its sales entity Toyota Motor Sales Co. Ltd. Since 1950, the two entities existed as separate companies due to a prerequisite for reconstruction in postwar Japan.

Shoichiro Toyoda presided over Toyota Motor Sales in preparation for the consummation of the merger that occurred in 1982—Shoichiro then succeeded his uncle Eiji as the President of the combined organization that then became known as Toyota Motor Corporation.

President of Toyota Motor Corporation:

CEO of Toyota Motor Corporation:

Chairman of Toyota Motor Corporation:

On June 14, 2013, Toyota Motor Corp. announced the appointment of outside board members; the appointment was a first for the corporation and occurred following approval from general shareholders at a meeting on the same day. Additionally, Vice Chairman Takeshi Uchiyamada replaced Fujio Cho as chairman, as the latter became an honorary chairman, while Toyoda remains in the post of President. [ 12 ]

Toyota is publicly traded on the Tokyo. Osaka. Nagoya. Fukuoka. and Sapporo exchanges under company code TYO. 7203.

In addition, Toyota is foreign-listed on the New York Stock Exchange under NYSE : TM and on the London Stock Exchange under LSE : TYT. Toyota has been publicly traded in Japan since 1949 and internationally since 1999. [ 13 ]

As reported on its consolidated financial statements, Toyota has 540 consolidated subsidiaries and 226 affiliates.

Financial results [ edit ]

In 2011, the Toyota Group (including Daihatsu, Hino and Chinese joint ventures) fell to place three with 8,050,181 units produced globally. [ 15 ] According to an unofficial count, based on unit production reported by major automakers, Toyota regained its top rank with 9,909,440 units produced globally in calendar 2012. [ 16 ] On May 8, 2013, Toyota announced plans to produce 10.1 million units in fiscal 2013, which, if achieved, would make it the first auto manufacturer to cross the 10 million unit threshold. [ 17 ]

On May 8, 2009, Toyota reported a record annual net loss of US$4.2 billion. making it the latest automobile maker to be severely affected by the global financial crisis that started in 2007. Toyota’s financial unit had asked for an emergency loan from a state-backed lender on March 16, 2009, with reports putting the figure at more than US$3 billion. It said the international financial situation was squeezing its business, forcing it to ask for an emergency loan from the Japan Bank for International Cooperation. This was the first time the state-backed bank has been asked to lend to a Japanese car manufacturer. [ 18 ]

On May 8, 2013, Toyota Motor Corporation announced its financial results for the fiscal year ended March 31, 2013. Net revenues totaled 22.0 trillion yen (US$ 216,7 billion, +18.7%). Operating income was 1.32 trillion yen (US$13 billion, +371%), net income 962.1 billion yen (US$9.47 billion, +239%). [ 19 ]

History [ edit ]

1920s-1930s [ edit ]

Toyota was started in 1933 as a division of Toyoda Automatic Loom Works devoted to the production of automobiles under the direction of the founder’s son, Kiichiro Toyoda. [ 20 ] Its first vehicles were the A1 passenger car and the G1 in 1935. The Toyota Motor Co. was established as an independent company in 1937. In 2008, Toyota’s sales surpassed General Motors. making Toyota number one in the world. [ 21 ]

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