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...
Which names are Toyota’s?
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, Scout, and Volkswagen are all brands owned by Volkswagen AG. Volvo, Polestar, and Lotus are all brands owned by Zhejiang Geely Holding Group (ZGH).
Does Ford own Toyota?
Your 2019 Volkswagen Group Ownership Brands Ownership Guide: Audi, Bentley, Bugatti, Lamborghini, Porsche, Seat, Skoda, Volkswagen. Toyota: Lexus, Daihatsu, and Toyota. Ford Motor Company: Troller, Lincoln, and Ford. General Motors produces Cadillac, GMC, Chevrolet, and Holden.
With which businesses has Toyota merged?
Japan, Toyota City, March 5, 2018
Three of Toyota Motor Corporation’s (TMC) information technology (IT) businesses will be merged as of January 1, 2019, according to a mutual agreement. Toyota Communication Systems Co., Ltd. (TCS), Toyota Digital Cruise, Inc. (TDC), and Toyota Caelum Inc. are the three businesses merging (TCI).
Each of the three businesses specializes in a distinct area of IT, with TCS developing core systems, TDC introducing and running networks and infrastructure, and TCI creating technologies to support design and manufacturing. Each of the businesses has a strong history of offering crucial services to help TMC and Toyota Group companies.
As the automotive industry experiences a once-in-a-century transformational phase of sweeping changes, including the electrification of vehicles, the adoption of sophisticated technologies, and the rise of new competition, the role of IT is becoming more and more crucial. To survive this transformational phase, TMC has been working on organizational and work-style reform. TMC understands the significance of fostering the adoption of creative work practices and offering services that are available to the entire Toyota Group, as well as the importance of enhancing collaboration across the Toyota Group through IT.
This merger aims to consolidate the specialized skills that the three companies have developed to seamlessly combine applications, infrastructure, and networks into comprehensive IT solutions that integrate all aspects of service provision, from the planning and proposal phase to the service development, introduction, and operation phases. As we enter an era in which objects, people, and services are continuously linked together through networks. The goal of this merger is to increase Toyota’s global capabilities and those of the entire Toyota Group through the continual development and delivery of such high productivity solutions.
The merger’s specifics are as follows:
Outline of merger
- time of the merger (planned)
- merger type
TDC, TCI, and TCS have merged under the terms of an absorption-type merger, with TCS serving as the surviving corporation.
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.
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.
Ford’s current owner?
Jr. William Clay Ford William Clay Ford Jr. is guiding Ford Motor Corporation into the twenty-first century as executive chair. Ford Motor Company is the company that invented the automobile.
Subaru – a Toyota property?
The largest single 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 other of the major players because it only has two manufacturing facilities, compared to Toyota’s several facilities around the globe. Both the original plant and the second plant are in Lafayette, Indiana. The first facility 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 manufactured 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.
What was Toyota’s previous name?
The company’s history began in 1933 when Kiichiro Toyoda, the founder’s son, established a section of Toyoda Automatic Loom Works specifically for the manufacture of automobiles.
[1] In order to learn more about the manufacture of automobiles, Kiichiro Toyoda visited Europe and the United States in 1929. In 1930, he started looking into gasoline-powered engines. The Japanese government, which required domestic car production because to the conflict with China, encouraged Toyoda Automatic Loom Works to expand automobile manufacture. [2] On September 1, 1933, Kiichiro Toyoda took advantage of the chance to set up the Automotive Production Division and get ready to construct prototype cars. The division created its first Type A Engine in 1934, and in May 1935 and August 1935, respectively, it was employed in the Model A1 passenger automobile and the G1 truck. In 1936, work on the Model AA passenger automobile began. Early cars look somewhat like the Dodge Power Wagon and 1930s Chevrolet, and certain parts can even be swapped with the American versions. [2]
Despite being best known today for its automobiles, the Toyota Group is still in the textile industry and continues to produce automated looms that are now computerized and electric sewing machines that are sold all over the world.
Which automaker has the best reputation?
Toyota
As the most dependable automaker, Toyota takes the top spot. Toyota cars are renowned for their durability and have a longer average lifespan than any other brand. Toyotas are so well made that their maintenance and repair expenses are below average, which helps explain why they stay on the road for such a long time.
There are well-known Toyota automobiles in a variety of segments that exhibit long-term dependability. The Toyota Sienna minivan, the Toyota Tacoma pickup truck, the Toyota Highlander and Toyota RAV4 crossover SUVs, the Toyota Prius and Camry hybrid, and the Toyota Corolla and Toyota Camry are a few examples of Toyota vehicles. In fact, the venerable Toyota Land Cruiser SUV also holds the title of being the longest-lasting car overall. In addition to being the most dependable brand, Toyota cars are renowned for having outstanding value retention, which increases the brand’s appeal.
Honda
Honda, a second Japanese company, comes in at number two on the ranking of the most dependable automakers. Honda is renowned for producing durable automobiles that are safe and dependable. Honda offers a wide range of cars that excel in long-term dependability, from SUVs like the Honda CR-V and Honda Pilot to minivans like the Honda Odyssey and sedans like the Honda Accord and Honda Civic. Honda vehicles not only offer some of the best reliability in the business, but they also lead the pack in terms of practicality, get above-average fuel efficiency, and have a number of safety features.
GMC
GMC comes in third. Due to the durability of the GMC Yukon full-size SUV, the GMC Yukon XL, and the GMC Sierra 1500 pickup truck, GMC received a high rating on the list. As the pricier version of Chevrolet, GMC offers refinement and ranks above average for value retention.
- Chevrolet
- Ford
Fifth place goes to Ford, a third American brand. The Ford Expedition full-size SUV, the Ford Explorer, and the Ford F-150 pickup truck all have excellent dependability ratings for the Ford brand. Even as one of the most durable sports vehicles, the Ford Mustang is praised. Because of its dependability, the F-150 has been the best-selling car in the US for more than 40 years. The Sync infotainment system, one of the best-rated among automakers, is found in Ford’s newest models.
A dependable model from a reputable brand will help you get the most out of your investment, regardless of whether you’re buying a new or used automobile. It will also be your best line of defense against exorbitant maintenance and ownership costs. If you’re thinking about buying a car from a brand that isn’t on this list, make sure to look into the model’s dependability. Because trustworthy cars tend to keep their value better than their less dependable competitors, vehicle dependability and reliability are crucial for resale value. And the first step to finding the best car is picking a reputable brand when you start your search for one.