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. For its skepticism of all-electric vehicles and its focus on the development of hydrogen fuel cell vehicles, such the Toyota Mirai, a technology that is more expensive and has lagged far behind electric batteries, the corporation has recently also been charged of greenwashing.
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...
What else does Toyota produce except automobiles?
Government assistance is unavoidable, according to United Auto Workers and American automakers. Taxpayer-funded cash infusions are required to safeguard a crucial industry, keep people employed, and preserve Detroit’s status as one of business’ “shining beacons.”
Despite these allegations, the biggest automaker in the world managed to earn $245 billion in revenue for the fiscal year 2021 in addition to continuing to exist independently. Toyota Motor Corp. (TM) earns money through three main business divisions: production of non-automobiles machinery and other ventures, financial services, and automotive.
Key Takeaways
- In 2021, Toyota recorded global sales of $27.2 trillion yen, or roughly $245 billion.
- Toyota also produces forklift trucks and other industrial machines in addition to passenger cars.
- The Toyota Camry, which is the most popular sedan in the US, is made by Toyota.
- Toyota’s sales of automobiles account for almost 90% of its revenue. The company’s financial services division and other commercial operations account for a smaller share of its revenue.
- Toyota passed Volkswagen to take the title of biggest automaker in the world in 2021.
What models did Toyota stop making?
abandoned models
- 86 Toyota.
- Solara Toyota Camry.
- Celica Toyota.
- iM-model Toyota Corolla.
- Cressida by Toyota.
- Lexus ECHO.
- Japanese FJ Cruiser.
- Lexus Matrix.
What is the least expensive vehicle made by Toyota?
Previously, as AutoGuide said, the Yaris sedan was Toyota’s most affordable new vehicle. Toyota, however, said that starting with the 2021 model, the whole Yaris range would be retired. The ever-popular Corolla is now Toyota’s least expensive vehicle, with prices for the 2022 model starting at $20,075 as a result of this adjustment.
The Toyota Corolla has been one of the best-selling cars in the world for 12 generations, according to Kelley Blue Book. It’s not just a budget-friendly option, but also a secure one. The Corolla also has tremendous resale value and is simple to maintain. The Corolla is available in a variety of configurations to best meet your needs. Just keep in mind that the 2022 Corolla L car is the least expensive version and that pricing for these various choices vary.
Excellent performance and safety features come standard on the Corolla L. A 1.8-liter four-cylinder engine with 139 horsepower and 126 lb-ft of torque powers the vehicle. The vehicle boasts a seven-inch media touchscreen that supports Android Auto and Apple CarPlay inside, LED headlights and accent lighting outside, a built-in backup camera, and other features. 10 airbags and Toyota Safety Sense 2.0, which provides a variety of driver assistance functions like lane departure alert, automatic high lights, and pre-collision pedestrian recognition, are among the other safety features listed by Toyota.
Which Toyota vehicle is the best?
The Top 7 Toyota Vehicles, Per US News & World Report
- Avalon (2017) Any family will be satisfied by the Avalon’s room, efficiency, and power.
- Camry (2018)
- Highlander (2017)
- Prius (2017)
- 86 (2017)
- Sienna (2017)
- Prime Prius (2017)
Is Toyota the owner of Subaru?
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.
Alfa Romeo, Chrysler, Fiat, and Maserati
Alfa Romeo, Chrysler, Fiat, Maserati, as well as the more consumer-oriented brands of Dodge, Jeep, and Ram, are all part of the vast American and Italian conglomerate known as Fiat Chrysler Automobiles.
Audi, Bentley, Lamborghini, and Porsche
Along with the global brands of SEAT and Skoda and, naturally, the more famous Volkswagen brand, the German multinational Volkswagen Group encompasses the brands Audi, Bentley, Lamborghini, and Porsche.
Buick and Cadillac
The Chevrolet and GMC brands, along with the premium car names Buick and Cadillac, are all part of the General Motors Company’s (GMC) vehicle division.
Genesis
Genesis is the premium branch of the South Korean multinational Hyundai Motor Group, which also owns a minority stake in Kia Motors and is home to the Hyundai vehicle brand.
Infiniti
The luxury arm of the Franco-Japanese Renault-Nissan-Mitsubishi Alliance is called Infiniti. This group also includes the Nissan and Mitsubishi car brands, as is clear from the name.
Lexus
The luxury-focused brand of the Japanese Toyota Motor Corporation is called Lexus. Toyota also holds stock in the Subaru Corporation and also owned the defunct Scion brand.
Mercedes-Benz
The most well-known brand of the German multinational Daimler AG is Mercedes-Benz. Daimler’s other divisions include the (now-retired) Smart automobile brand and Daimler trucks and buses.
Volvo
The Volvo brand is currently owned by the Zhejiang Geely Holding Group. Despite the fact that the Volvo corporate headquarters are in Gothenburg, Sweden, this business is Chinese and is based in the Zhejiang province.
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.
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.