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. 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...
Is Toyota a Chinese or 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.
Toyota: Made in China?
With four assembly sites in China, Toyota produced almost 1.4 million automobiles there in 2019, which was just under 20% of its overall output. Sales in China experienced a 70% drop in February, but it is anticipated that they will rebound in April and increase more than they did in the same month last year.
Who is the owner of Toyota?
Toyota is owned by Toyota Motor Corporation. It was founded in 1937, and as of 2008, it had surpassed General Motors to become the largest automaker in the world.
Despite having its roots in Japan, Toyota has expanded to suit the demand for its cars on a global scale.
What other makes does Toyota Motor Corporation own?
Lexus is owned by Toyota Motor Corporation as well. The company also owns stock in Suzuki and Subaru.
Despite having a 20% stake in Subaru, Toyota has a significant influence over the company’s direction.
According to Auto News, the companies intend to enhance all-wheel drive technology and integrate Toyota’s hybrid drivetrains into various Subaru automobiles.
Toyota acquired its interest in Suzuki in 2019 for about $910 million. Suzuki holds.2% of Toyota’s stock as well. The corporations assert that they intend to continue to be competitors while establishing and strengthening cooperation partnerships in new industries in order to address obstacles in the automotive industry. Sounds like a win-win collaboration!
Which vehicles are produced in China?
Chinese automobile producers FAW Group, Dongfeng, SAIC Motor, and Chang’an are the “Big Four” established automakers in China. Geely, Beijing Automotive Group, Brilliance Automotive, Guangzhou Automobile Group, Great Wall Motors, BYD, Chery, and Jianghuai are further Chinese automakers (JAC Motors).
Are Japanese-made automobiles better?
The engineering and construction of Japanese automobiles is astounding. They clearly take great pleasure in their job and want their clients to have the finest driving experience possible.
Although their teams may not be very good at designing cars, they are fantastic engineers.
The jokes about American-built cars breaking down frequently and not lasting past 100,000 miles are mostly accurate. There are many exceptions, but in general, when it comes to autos, Japanese engineering is superior to American engineering.
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.
Which Chinese automaker has the top models?
With a starting price of little under P700,000, the Chery Tiggo 2 is one of the market’s most reasonably priced subcompact crossovers. Therefore, your options are this subcompact crossover with good ground clearance and a lot of cabin room for its size, or a little pint-sized hatchback priced similarly to the Tiggo 2.
You’ll get an 8-inch infotainment system if you choose the automatic variant and up, which should keep you occupied for the duration of the voyage. The Tiggo 2’s powerplant is a modest 1.5-liter gasoline engine that produces 106 horsepower and 135 Nm of torque. The aforementioned engine could be mated to either a 4-speed automatic or a 5-speed manual transmission.
What is the name of BMW in China?
A joint venture between BMW (as the main shareholder) and Brilliance Auto, BMW Brilliance is an automobile manufacturing firm with its headquarters in Shenyang, China. Production, distribution, and sales of BMW passenger automobiles in mainland China comprise its major business.
Based on the BMW X1 (E84), the BMW Brilliance Zinoro all-electric crossover is the first item under the new brand for BMW Brilliance and the first new energy vehicle (NEV) from a Chinese premium manufacturer. The Zinoro 1E is exclusively available for lease in Beijing and Shanghai as of early 2014.
What Chinese auto manufacturer?
Since 2008, China has had the largest automotive sector in the world based on vehicle unit output.
[3][4][5] Since 2009, China has produced more cars annually than the entire European Union, the United States, Japan, and Canada put together. [Reference needed]
The traditional “Big Four” domestic automakers are Chang’an, Dongfeng, SAIC Motor, and FAW. Geely, Beijing Automotive Group, Brilliance Automotive, BYD, Chery, Guangzhou Automobile Group, Great Wall, and Jianghuai are further Chinese automakers (JAC). Additionally, a number of multinational suppliers collaborate with local suppliers.
Although the majority of the automobiles produced in China are sold there, exports rose to 814,300 units in 2011.
The domestic market in China gives its automakers a strong foundation, and Chinese economic strategists aim to create globally competitive auto companies[7][8] that will grow steadily more alluring and dependable over time.
[9]
China’s car industry was primarily of Soviet origin (plants and licensed auto designs were established in the 1950s with USSR assistance) and operated at a low scale throughout the first 30 years of the republic, with annual production not reaching 100200,000. Since the beginning of the 1990s, it has grown quickly. In 1992, China’s yearly car production capacity surpassed one million for the first time. China produced more than two million vehicles by the year 2000. The growth of the automotive industry accelerated further following China’s admission to the World Trade Organization (WTO) in 2001. China’s national car market increased by an average of 1% year, or one million vehicles, between 2002 and 2007. [10] China became the largest volume producer of automobiles in the world in 2009, outpacing the United States with a production of 13.79 million vehicles, of which 8 million were passenger cars and 3.41 million were commercial vehicles. In 2010, 13.76 million passenger automobiles were delivered, making 2010’s sales and manufacturing totals the highest ever for any country. [11] China produced 23.720 million vehicles overall in 2014, or 26% of all vehicles produced worldwide. [12]
In 2009, China had 62 million registered automobiles, buses, vans, and lorries on the road.
[13] According to the consulting firm McKinsey & Company, the Chinese automobile market will increase tenfold between 2005 and 2030. [14]
By the end of June 2019, China has about 250 million cars, according to the Ministry of Public Security.
The China Association of Automobile Manufacturers is the primary trade association for the Chinese automotive sector ().
What does the Japanese word “Toyota” mean?
The name Toyoda is spelled differently as Toyota. Many different types of looms were created and made by the original Toyoda firm. Toyoda made the decision to enter the automotive industry in 1933, and after achieving consistent success, it rapidly expanded in 1956. Toyoda, which refers to Japan’s most important cash crop, means “fertile rice patty.” To avoid being confused with the agricultural company Toyoda Loom Inc., they changed their name to Toyota, which has a similar sound but has nothing to do with agriculture. Toyota only needs eight strokes to write the Japanese alphabet, whereas Toyoda needs ten. In addition to being simpler to write, the number eight is lucky in Japan, therefore the alteration was viewed favorably.
What the Toyota Logo Means
In 1990, the Toyota logo made its debut in the United States. It displays three overlapping ellipses, each of which stands for a crucial aspect of Toyota as an organization. The ellipses in the middle, resembling columns, and on top, perpendicular to them, stand for the “unification of the hearts of [Toyota] customers and the heart of Toyota goods.” The third and last ellipsisthe one around the other tworepresents Toyota’s pursuit of technical innovation as well as potential and opportunity in the future.
What does Toyota mean to you?
Why not share your meaning for your Toyota with us and our customers? Submit a review! You’ll wonder why you ever put up with problems with other automobiles once you’ve experienced the Toyota difference with ToyotaCare.
Where is Toyota’s plant located?
Toyota produces a sizable portion of its products in Japan, where it all began. Toyota produces automobiles and their parts in 26 more nations and areas, notably in North America.
Are Lexus and Toyota engines identical?
The engines used by Lexus brands are almost identical to those used by Toyota. A four-cylinder, a V6, or a V8 are the three types of engines found in Lexus vehicles. For instance, the 3.5Ltr V6 Engine is shared by the Toyota Avalon and the Lexus ES.
The number of cylinders in an engine varies, and the more cylinders an engine has, the more powerful it is. Consequently, the V8 has twice the power of the four-cylinder engine.
Engines with fewer cylinders, however, offer additional benefits. They are more fuel-efficient and lighter. The engine will weigh and cost more as the number of cylinders increases.
Why do Chinese automobiles cost so little?
China is ideally situated to produce cars at a reasonable cost. Millions of competent individuals are employed there at comparatively cheap wages, and the country has a strong industrial culture. Because skilled workers produce automobiles that require fewer repairs or rebuilds, they are essential to lowering automotive expenses.