References and footnotes From April 1, 2020, to March 31, 2021, is the fiscal year (FY21). References:[1][2]
Toyota Motor Corporation, also known simply as Toyota, is a multinational car manufacturer with headquarters in Toyota City, Aichi, Japan (Japanese:, Hepburn: Toyota Jidsha kabushikigaisha, IPA: [tojota], English: /tjot/). Kiichiro Toyoda established it, and it became a corporation on August 28, 1937. (1937-08-28). One of the biggest automakers in the world, Toyota produces around 10 million automobiles annually.
The business was initially established as a subsidiary of Toyota Industries, a manufacturer of machines that Kiichiro Toyoda’s father, Sakichi Toyoda, created. The Toyota Group, one of the biggest conglomerates in the world, now includes both businesses. The firm created its first product, the Type A engine, in 1934 while it was still a division of Toyota Industries, and its first passenger automobile, the Toyota AA, in 1936.
Following World War II, Toyota benefited from Japan’s alliance with the US by studying American automakers and other businesses. This allowed Toyota to develop The Toyota Way (a management philosophy) and the Toyota Production System (a lean manufacturing technique), which helped the small business grow into an industry leader and became the focus of numerous academic studies.
The Toyota Corolla, the all-time best-selling car in the world, was developed in the 1960s as a result of Toyota taking advantage of a rapidly expanding Japanese middle class to sell automobiles to. By December 2020[update], Toyota would have become one of the largest automakers in the world, the largest firm in Japan, and the ninth-largest company in the world by revenue thanks to the rising economy’s funding of a foreign expansion. In 2012, when it announced the production of its 200 millionth vehicle, Toyota made history by becoming the first automaker in the world to create more than 10 million automobiles annually.
Since the 1997 launch of the Toyota Prius, Toyota has received recognition for being a pioneer in the creation and marketing of more fuel-efficient hybrid electric vehicles. The business now offers more than 40 different hybrid car models for sale worldwide. However, more recently, the business has also been charged of greenwashing due to its skepticism of fully electric vehicles and its focus on the creation of hydrogen fuel cell vehicles, such the Toyota Mirai, a more expensive technology that has lagged well behind electric batteries.
Daihatsu, Hino, Lexus, Ranz, and the company’s own Toyota are the five brands under which Toyota Motor Corporation manufactures automobiles. The company also owns stakes in vehicle manufacturing joint-ventures in China (GAC Toyota and FAW Toyota), the Czech Republic (TPCA), India (Toyota Kirloskar), and the United States. These stakes total 20 percent in Subaru Corporation, 5.1 percent in Mazda, 4.9 percent in Suzuki, 4.6 percent in Isuzu, 3.8 percent in Yamaha Motor Corporation, and 2.8 percent in Panasonic (MTMUS).
In This Article...
Do Toyota’s subsidiaries exist?
There are at least 1,000 subsidiaries and linked enterprises in the Toyota Tsusho Group.
This network of businesses, which was built on a strong foundation of connections, is now able to create value on a worldwide scale.
The Trading Company and the significant overseas related companies conduct business worldwide in a range of industries. These commercial activities cover a wide spectrum of product sales as well as the production, processing, investment, and maintenance of those products.
What other businesses is Toyota a part of?
The major automakers with present presences in the United States are listed below, along with the brands they sell.
BMW, Mini, and Rolls-Royce are all owned by BMW Group. Smart and Mercedes-Benz are owned by Daimler AG. Lincoln and Ford are owned by Ford Motor Co. Chevrolet, GMC, Buick, and Cadillac all belong to General Motors. Hummer is back as a GMC subsidiary brand. In order to co-develop EVs, GM and Honda have an official collaboration. Acura and Honda are owned by Honda Motor Co. It collaborates with GM. Sony Honda Mobility is the name of the electric vehicle firm they founded with Sony. Genesis, Hyundai, and Kia are all owned by Hyundai Motor Group. Mazda is owned by Mazda Motor Corp. Mitsubishi, Nissan, and Infiniti are all owned by the Renault-Nissan-Mitsubishi Alliance. Following the merger of Fiat Chrysler Automobiles and Peugeot S.A., a new company called Stellantis was created. According to the explanation, the word is derived from the Latin verb “stello,” which means “to dazzle with stars.” Alfa Romeo, Chrysler, Dodge, Fiat, Jeep, Maserati, and Ram are now under Stellantis and are FCA brands that are offered in the United States. Other Stellantis automobile brands include Citroen, DS Automobiles, Opel, Peugeot, and Vauxhall. Subaru is owned by Subaru Corp. Jaguar and Land Rover are owned by Tata Motors. Owned by Tesla. Lexus and Toyota are owned by Toyota Motor Corp. Additionally, it owns stock in Suzuki and Subaru. The automotive brand VinFast, along with VinHomes, VinBigData, VinBioCare, and VinBrain, are all owned by VinGroup. Audi, Bentley, Bugatti, Lamborghini, Porsche, and Volkswagen are all brands owned by Volkswagen AG. Volvo, Polestar, and Lotus are all brands owned by Zhejiang Geely Holding Group (ZGH).
Has Toyota a sister business?
The corporate office of Toyota, which was established by Kiichiro Toyoda in 1937, is located in Aichi, Japan. They were able to manufacture the first Type A engine in 1934, and the Toyota AA, the first passenger automobile, was built in 1936. After that, the business grew and created a variety of automobiles that millions of people now enjoy. Hino, Lexus, Daihatsu, and Ranz are the four sibling companies of Toyota Motor Corporation.
As of March 2014, Toyota had 338,875 employees worldwide. These people put in a lot of effort every day to serve the company’s many customers as well as they can. In February 2016, Toyota Motor Corporation was ranked as the 13th largest business in the world in terms of revenue after producing 200 million vehicles by July 2012.
Who has partnered with Toyota?
A new, reasonably priced electric car from Toyota is purportedly being developed in collaboration with BYD of China and will be on sale in 2019.
The Japanese carmaker is largely seen as having lagged behind in the switch to electric cars.
Toyota has fallen behind on battery-electric vehicles as a result of years of bets on hydrogen fuel cells and hybrid cars.
Even though the automaker has just recently begun introducing all-electric vehicles to the market, it continues to oppose them and disseminate false information about EVs.
But regardless of the politics of the manufacturer, any new electric car that hits the market can aid in the electrification of the sector.
We now know that Toyota is developing a new electric vehicle through an intriguing relationship with BYD.
According to Reuters, Toyota is preparing to release a “a compact and inexpensive electric vehicle in China in 2019:
“After turning to local partner BYD for crucial technologies to ultimately produce an affordable yet roomy runabout, Toyota Motor Corp will introduce an all-electric small sedan in China late next year, four people told Reuters.
According to reports, BYD’s blade battery cells with LFP chemistry would power the electric vehicle.
LFP chemistry has sufficiently advanced in recent years that it is currently being utilized more and more in electric vehicles instead of just electric buses.
According to sources from China, BYD’s blade battery has gotten a lot of attention, even from Tesla.
According to a Toyota source who spoke to Reuters, this is what allows the carmaker to build its first reasonably priced all-electric vehicle:
“The BYD battery technology made the automobile possible. It has largely assisted us in overcoming obstacles we had when developing a tiny, cheap electric automobile with a roomy cabin.
The new electric car is expected to cost less than 200,000 yuan ($30,000) and be little larger than the Toyota Corolla.
If the automaker intends to release the new electric car outside of China is unclear.
A Toyota representative responded to the Reuters story as follows:
“We make no remarks about upcoming products. Toyota is working to develop all different kinds of electrified vehicle solutions and sees battery electric vehicles as one way to get us to carbon neutrality.
The new electric car, which will follow Toyota’s BZ4X electric SUV that will be sold in the US next year, is anticipated to be unveiled in April during the Beijing Auto Show.
How many businesses make up the Toyota Group?
The Toyota Group, which consists of 17 businesses, includes Toyota Tsusho as one of its members. The other members of the Toyota Group are Toyota Motors, Toyota Industries, Aichi Steel, JTEKT, Toyota Auto Body, Aisin Seiki, Denso, Toyota Boshoku, Towa Real Estate, Toyota Central R&D Labs, Toyota Motor East Japan, Toyota Tsusho Global, Hino Motors, Daihatsu Motor, Toyota Home, and Toyota Boshoku.
Is Tesla still owned by Toyota?
As automakers competed to offer cleaner vehicles in the US, Toyota invested $50 million in Tesla in 2010. Tesla purchased the facility that Toyota had closed in Fremont, California for $42 million. Toyota sold its final Tesla stock in 2017.
Who is Toyota’s principal rival?
Honda, a well-known brand in the automotive industry, has its headquarters in Japan and produces motorcycles, aviation, and power equipment. It leads the globe in the production of powerful automobiles. Honda not only designs, manufactures, and sells the vehicles, but also offers fantastic after-sales support to their clients.
About 14 million internal combustion engines are produced by the company annually; Honda is the largest internal combustion engine manufacturer. One of the company’s greatest achievements is the Research and Development division of Honda, which is exceptional and constantly working to produce fantastic vehicles. The designs are a huge hit with consumers.
To keep up with the demands of technology, each of their vehicles is likewise equipped with cutting-edge equipment. About 100 different car models are included in their extensive product line, along with other vehicles like bikes and scooters. Honda is regarded as one of the main rivals to Toyota because of their reputation and significant market share.
Toyota – owned by Ford?
Your 2019 Guide To The Owners Of Each Car Brand Audi, Bentley, Bugatti, Lamborghini, Porsche, Seat, Skoda, and Volkswagen all belong to the Volkswagen Group. Toyota: Lexus, Daihatsu, and Toyota. Ford Motor Company: Troller, Lincoln, and Ford. General Motors produces Cadillac, GMC, Chevrolet, and Holden.
Owns Toyota any of BYD?
The establishment of a joint firm to conduct battery electric car research and development was announced today by BYD Company Ltd. and Toyota Motor Corporation (BEVs). It is envisaged that the new R&D business, which would design and build BEVs (including platforms) and their relevant parts, will be founded in China in 2020. BYD and Toyota will each contribute 50% of the required capital equally. BYD and Toyota also intend to transfer engineers and positions now engaged in related R&D from their respective firms to the new business in order to staff it.
Lian Yu-bo, senior vice president of BYD, commented on the launch of the new business as follows:
We want to offer the greatest BEV products as soon as we can to meet market demand and consumer affection. To do this, we want to combine Toyota’s quality and safety technology with BYD’s strengths in development and competitiveness in the battery electric vehicle industry.
Shigeki Terashi, executive vice president of Toyota, said:
We are grateful that BYD and Toyota can set aside their rivalry and work together with the common goal of promoting the broad usage of electrified vehicles. Through the efforts of the new firm with BYD, we expect to further grow and expand both BYD and Toyota.
BYD was established in 1995 as a battery company and has since developed into a provider of complete energy solutions, producing not just electric cars but also large-size energy storage cells. Build Your Dreams is the abbreviation for the corporation, and among the key components that BYD develops internally are batteries, motors, and power electronics. BYD became the first business in the world to offer plug-in hybrid electric vehicles in large quantities in 2008. (PHEVs). For four years in a row starting in 2015, BYD has led the globe in both BEV and PHEV sales.
Since introducing the Prius, the first mass-produced hybrid electric vehicle (HEV), in 1997, Toyota has established itself as a leader in the development of electrified vehicles, with a focus on HEVs. Toyota has amassed substantial knowledge regarding the development, production, and marketing of both HEVs and their corresponding core components, having sold more than 14 million electrified vehicles globally. Additionally, Toyota is launching global electrification on the theory that electric vehicles only benefit society after they become widely used. Toyota Motor Engineering & Manufacturing (China) Co., Ltd. (TMEC) and the R&D centers established at Chinese joint-venture companies with China FAW Group Corporation (FAW) and Guangzhou Automobile Group Co., Ltd. are working together in China to spread electrification and develop vehicles that meet the needs of Chinese consumers (GAC).
Toyota and BYD hope to collaborate with the newly formed joint R&D business to further develop BEVs that are appealing to Chinese consumers and, by pushing their widespread acceptance, hope to contribute to environmental betterment.
Subaru – a Toyota property?
The largest shareholder and owner of 20% of the business is Toyota. As part of this agreement, Subaru has access to steel and other raw materials produced by the Toyota supplier network.
Subaru produces fewer vehicles than some of the major players because it only has two manufacturing facilities, compared to Toyota’s numerous facilities around the globe. Both the original plant and the second plant are in Lafayette, Indiana. The first plant is in Gunma, Japan.
In 2017, Subaru underwent a $400 million expansion of the factory after announcing plans to do so. When the Indiana factory produced its four millionth vehicle in 2019, it marked a significant accomplishment.
The headquarters of Subaru North American production is Subaru of Indiana Automotive, Inc. (SIA), a division of Subaru Corporation. In addition to the $400 million expansion indicated above, SIA invested $140.2 million in new machinery and equipment and made upgrades to boost its production capacity by roughly 100,000 units yearly to meet the rising demand for Subaru automobiles in North America.