Toyota Motor Corporation: The Automobile Company with the Largest World Presence

2013-12-11 02:11:30

This Japanese automaker was the largest in terms of production in 2012 and by revenue this is the 13th largest business corporation in the world and July 2012 the company achieved the landmark of having produced its 200-millionth automobile. Market capitalization rates Toyota as the largest company in Japan as on November 2013.

Toyota has phenomenal figures to flaunt and another landmark is that it has a stupendous number of 333, 498 employees on roll all over the world. Toyota was the offspring of Toyota Industries and was founded in the year 1937 by Kiichiro Toyoda for manufacturing automobiles. In 1934 the company produced its Type A Engine and two years later the first automobile Toyota AA, a passenger car was unveiled.  The company is the part of the one of the largest corporate giants Toyota Group. The Toyota Motor Corporation group includes the Scion brand, Daihatsu, Lexus and Hino Motors and several other companies that are non-automotive.

The company in June, 2013 first time in its history inducted outsider members into its board after it was approved by general shareholders. The company trades under the name of TYO: 7203 and it first traded in Japan in the year 1949 and 1999 in the international arena. 226 affiliates and 540 consolidated subsidiaries are shown in the consolidated financial statements of the company. Officially Toyota lists about 70 different make of cars under its name that include coupes, sedans, trucks, vans, crossovers and hybrids.

In the year 2002 Toyota entered into the Formula One scene and started joint operations with French car makers Peugeot and Citroen one year after it has started production in the country.   The first quarter of 2008 saw the company ranked as the number one company on automobile sales; however its sales declined in 2011 slid to 55th position. In the year 2009 and 2010 Toyota had to recall over nine million cars and trucks and had to stop its sales and production. One of the reasons attributed to the recall was ‘unintended acceleration’ experienced by consumers.

The company had to bear the brunt of natural disasters in the year 2011 and production was disrupted. Tōhoku earthquake and tsunami were instrumental in cutting off supplier base resulting into drop in production and marketing. The loss of production due to the tsunami was 150, 000 and 240, 000 to floods for TMC. The company has a worldwide presence and its Camry is assembled in different plants in the world and that include China, Australia, Japan, Taiwan, Philippines, India, Pakistan, Russia, Vietna, Malaysia and the US. It has manufacturing and assembly plants in several countries such as India, Sri Lanka,South Africa, Turkey, Colombia, United Kingdom, United States, France, Brazil, Portugal, Argentina, Czech Republic, Canada, Indonesia, Poland, Mexico, Malaysia, Thailand, Pakistan, Egypt, Vietnam, Russia, Venezuela, Philippines, and China.

The company also collaborated with Tesla Motors in May 2010 and built 35 RAV4s for demonstrating and evaluating and the Powertrain and the lithium battery was supplied by Tesla. The concept car Toyota FT-EV III was shown at the Tokyo Motor show in 2011. 

Toyota models:

Toyota Sequoia
Toyota Camry
Toyota Celica
Toyota RAV4 EV
Toyota Sienna
Toyota ECHO
Toyota Yaris
Toyota Prius c
Toyota RAV4
Toyota Corolla
Toyota Supra
Toyota Prius Plug-in
Toyota Highlander Hybrid
Toyota 4Runner
Toyota Pickup
Toyota Avalon
Toyota Paseo
Toyota Tercel
Toyota T100
Toyota Prius
Toyota Tundra
Toyota Highlander
Toyota FJ Cruiser
Toyota Prius v
Toyota MR2
Toyota Venza
Toyota Camry Hybrid
Toyota Avalon Hybrid
Toyota Matrix
Toyota Cressida