Name: Toyota Motor Corporation
Founded: 1937
Founder: Kiichiro Toyota
CEO: Akio Toyoda
Industry: Automobile
Sector: public
Country: Japan
Website: Toyota-global.com
The Toyota automobile is the division of Toyoda automobile loom workspace in 1993. This was under the leadership of Kiichiro Toyoda and then after the company is named as Toyota motor company in 1937. The Toyota company had released its first vehicle in 1935. The company established its research center in 1940. Toyota made the wrecked and trucks to the recycled car.
Toyota brought a small car after second world war 2 which was ignored by the American automakers. This type of car was for the first time in which it has the maximum speed of 54 miles per hour. This raise the economy of Japan by rising cost and high inflation. Toyota forwards towards the towards the processing cars as it was possible. It has produced a car worth $3.5 million but they had to sell only in $2.5 million.
Toyota faced huge loses going on dissolving, but after a long time negotiation, they decided to decrease the employee by 2000 from 8000. After that, the company is heading towards the latest technology which improves the efficiency of-of production. They started producing 500 cars per month. It mainly focused on the quality and then after production cost will be low as much as possible. Now Toyota has become the recognizable brand.
Toyota has become the second higher car producer company in the world after general motors which is maintained for 30 years. Toyota has started its production in the US. It has sold more than one million car and trucks. It has sold more than 40% of the Japanese industry. Toyota has established its market like Latin America and southeast Asia. It has started organizing luxury car from 1989 called Lexus. This makes the brand a big hit towards the public and establishes the outsell brand called BMW, Mercedes- Benz and others. Toyota made a record of $4 billion. Toyota research center has become the backbone of innovations and improvements. It has exceeded its production by 5 million for the first time in 2000. There are more than 40 million Toyota Corolla’s sold worldwide. It has a new revenue of 4225 billion and the excess production output of 9900000. Toyota has become the most respected automobile company in the world.