Fiscal Year 2021 (FY21) runs from April 1, 2020, to March 31, 2021. 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. It also owns 20% of Subaru Corporation, 5.1% of Mazda, 4.9% of Suzuki, 4.6% of Isuzu, 3.8% of Yamaha Motor Corporation, 2.8% of Panasonic, and 4.9% of Suzuki (MTMUS).
In This Article...
Nissan: Korean or Japanese?
Nissan Motor Co., Ltd. (Japanese:, Hepburn: Nissan Jidsha kabushiki gaisha) [a] is a Japanese multinational vehicle manufacturer with its headquarters in Nishi-ku, Yokohama, Japan. It trades as Nissan Motor Corporation and is frequently abbreviated as Nissan. Nissan, Infiniti, and Datsun are the brands under which the firm distributes its cars. Nismo is the name given to its own line of performance tuning goods, which also includes automobiles. The Nissan zaibatsu, today known as Nissan Group, is the organization’s first predecessor.
Since 1999, Nissan has collaborated with Mitsubishi Motors of Japan and Renault of France as a member of the RenaultNissanMitsubishi Alliance (Mitsubishi joined in 2016). Nissan has a 15% non-voting share in Renault as of 2013, while Renault has a voting interest of 43.4% in Nissan. Nissan has owned a 34% controlling interest in Mitsubishi Motors since October 2016. [8]
Nissan ranked after Toyota, General Motors, Volkswagen Group, Hyundai Motor Group, and Ford as the world’s sixth-largest carmaker in 2013.
[9] The RenaultNissan Alliance was the fourth-largest automaker in the world when taken as a whole. [Reference needed] The most popular Japanese brand in China, Russia, and Mexico was Nissan. [10]
Nissan sold more than 320,000 all-electric vehicles globally as of April 2018, making it the top EV manufacturer in the world.
[12] The Nissan LEAF, which ranks as the second-best-selling electric car globally, just behind the Tesla Model 3, is the most popular model in the automaker’s entirely electric lineup. [13]
Is Toyota a Japanese company?
His father, Toyoda Sakichi, established (later Toyota Industries Corporation, now a subsidiary), a Japanese manufacturer. The Model AA sedan, its first production vehicle, was unveiled in 1936. The division was reorganized as the Kiichiro-led Toyota Motor Company, Ltd. the following year.
Which automobiles are superior, Japanese or Korean?
While Japanese vehicles outperform Korean vehicles in terms of safety, Korean vehicles are attractive due to their high-tech features and design. Japanese cars offer a lot of steadiness, according to many drivers. Frequently, you won’t need to make major repairs to keep the car running for ten years. Additionally, Japanese cars frequently have cheaper replacement parts than other makes and models.
When it comes to dependability and safety, Japanese cars clearly surpass those of foreign manufacturers. Many automakers, like Honda, Toyota, and Nissan, have a reputation for emphasizing safety over style in their vehicles.
Is Kia Japanese or Korean?
The South Korean multinational automaker Kia Corporation, often known as Kia (Korean: ; Hanja: ; RR: Gia; MR: Kia, IPA: [ki.a]; formerly known as Kyungsung Precision Industry and Kia Motors Corporation), is based in Seoul, South Korea. With sales of more than 2.8 million vehicles in 2019, it surpassed its parent firm, Hyundai Motor Company, to become South Korea’s second-largest automaker. Hyundai has a 33.88% share in the Kia Corporation as of 2015[update], valued at just over US$6 billion, making it the minority owner of the company. The ownership stake Kia holds in more than twenty Hyundai companies, which is worth more than US$8.3 billion, ranges from 4.9% to 45.37%.
Why is it prohibited to drive a Japanese car in South Korea?
Due to its trade deficit with Japan and to safeguard its indigenous industry, South Korea had virtually banned the import of Japanese automobiles; however, the prohibition was lifted in July 1999. Toyota tested the Avalon, which was made in the US, in 1996, and the Camry, which was also constructed in the US, in 1999, but sales were only allowed to reach 500 vehicles due to the price differential with South Korean cars and the consequences of the Asian currency crisis.
Which is better, Honda or Toyota?
Toyota has more automobiles, better costs, and higher reliability in the categories we looked at, making it the superior brand. When deciding between Honda and Toyota, Honda isn’t a slouch either thanks to its comparable dependability ratings, reasonable costs, and even higher safety ratings.
When did Toyota discontinue building automobiles in Japan?
According to Reuters, the biggest carmaker in the world is stopping production at one-third of its facilities. After one of its suppliers was hacked, Toyota says it will temporarily suspend producing automobiles in its Japanese factory.
The supplier in question is known as Kojima Industries, and it creates composite and plastic components for Toyota’s hybrid and fuel cell electric vehicles as well as interior automobile parts. According to Reuters, a Toyota representative referred to the incident as a “supplier system failure.”
Toyota will consequently shut down 28 production lines at 14 sites throughout Japan starting on March 1.
Hackers are increasingly targeting Toyota. At least three breaches of the automaker’s security occurred in 2019: a malware attack in Australia, a breach of 3.1 million customers’ data in Japan (and perhaps Thailand and Vietnam), and a $37 million-costing swindle.
Toyota experienced another breach in 2021, this time through a US-based parts business, in what is thought to have been a Russian-related incident.
However, Toyota is not the only carmaker that has had to suspend operations as a result of a security breach. Honda had to suspend building vehicles at facilities in Ohio and Turkey, as well as motorbikes in India and South America, according to a study we published in 2020.
A limited amount of further information, including any probable suspects, is available concerning today’s cyberattack. Fumio Kishida, the prime minister of Japan, did assert that his country would look into any potential ties to Russia.
Why do Korean automobiles cost so little?
According to studies, Kia is the most dependable brand of vehicle on the road. One of the most dependable and well-respected brands in the automotive sector is Kia dealerships. The favorable ratings stem from Kia’s seven-year warranty, which is longer than the three-year guarantee offered by the majority of other automakers.
Additionally, Kia offers a 100,000-mile power train warranty to its customers. This warranty is divided into two halves. The five years’ 60,000 miles come first, followed by the ten years’ 100,000 miles. It covers gearbox problems, manufacturer issues, and engine repair.
Kia vehicles are designed to endure five to seven years. As a result, the vehicle’s quality isn’t as high as that of other brands. The gas mileage of different Kia vehicles isn’t particularly amazing. The Kia manufacturing in South Korea uses low-cost labor, which lowers the cost of the vehicle.
Specifically for automobiles like the Kia Rio, Kia Forte, and Kia Soul. Instead of a more durable material like metal or steel, Kia automobiles are composed of plastic. Sales of Kia automobiles are kept lower than those of other car brands as a result of this lack of quality. which results in a lower pricing for dealerships.
Kias are they as good as Toyotas?
With both Toyota and Kia, exceptional dependability is the name of the game. According to a J.D. Power research from 2019, Kia has the highest initial quality in the non-premium segment in the United States. The 2016 Kia Soul, 2016 Toyota Corolla, Prius, and Prius V were all rated as being among the most dependable vehicles on the road by J.D. Power.
What automobile is most favored in Korea?
The top 10 best-selling model rankings in a country where the top two brands, Hyundai and Kia, jointly have a lopsided amount of the market share, with the exception of the Genesis G80, are wholly held by the two Korean automakers.
With 26,569 units sold (5.2% share) through April 2022, the Hyundai Porter is remains the best-selling vehicle.
With a 4.2% market share and 21,760 sales, the Kia Bongo is in second place and moving up swiftly. The Kia Sorento is in third place and moving up quickly with 20,828 sales and a 4.1% market share.
Hyundai Avante, down 3 ranks, is in fourth place with 19,408 units (3.8% share), followed by Hyundai Grandeur, up 3 spots, in third place with 18,151 units (3.5% share), and Genesis G80, up 3 positions, in fourth place with 18,146 units (3.5% share).
The Hyundai Palisade finished in eighth place, up 2 ranks, with 17,164 sales (3.3% share), ahead of the Kia Sportage in seventh with 17,711 units (3.5% share).
Following the Hyundai Sonata, which dropped 4 positions and sold 14,694 units (3.9% share), was the Kia Carnival, which dropped 6 positions.
Why are Korean vehicles superior?
Korean automobiles are renowned for being quite affordable. This is due to a variety of factors, including their excellent interior quality and contemporary designs, durability, best-in-class technology, low ownership costs, and excellent performance.
Any sector, Korean automobiles offer more than the class average, and the majority are standard features rather than expensive extras. Consider the Hyundai Elantra as an example. Not only is its base model less expensive than Hondas and Toyotas, but it also comes with more equipment as standard.
A decent interior with a multifunctional steering wheel, Apple CarPlay and Android Auto support, adjustable driver seats, foldable back seats, and a touch infotainment screen with HUD display are standard in most Korean vehicles. Just almost every car has power windows, a sunroof, mirrors, and steering wheels.
Many cutting-edge safety technologies are available in Korean vehicles, including hill climb aid, Electronic Stability Control, ABS, Vehicle Stability Management, Forward Collision Avoidance, Lane Departure Assist, and Tire Pressure Monitoring.
Do Korean Cars Depreciate Fast?
Korean automakers have much greater initial depreciation rates than both Japanese and American manufacturers. All Korean cars lose an average of 20% of their total value throughout the first year. But surprisingly, it drops to an average of 7% to 8%/year after that.
Therefore, even though you lose 20% in the first year, the car only loses 25% to 30% more in the following five years due to slower rates. This indicates that you still have a residual value of more than 50% after five years and more than 30% after ten.
Over time, Korean cars are more valuable to resell than American vehicles, although they still fall short of Japanese vehicles.