To hear American car makers and the United Auto Workers tell it, government

assistance is non-negotiable. Cash infusions courtesy of the taxpayer are

necessary to protect a vital industry, keep people employed, and maintain
Detroit’s place as one of commerce’s "shining beacons." Yet the world’s largest
car company manages to not only survive without help but generate $272 billion
in revenue for FY2019. Toyota Motor Corp. (TM) generates revenue through
three primary operations: automotive, financial services, and other business,
including the manufacturing of non-automotive machines and various other
activities.

Headquartered in Japan, Toyota began in the 1920s as a loom manufacturer.

After developing and selling the patent for an automated loom, founder Sakichi
Toyoda entered into the automobile business. The first Toyota vehicles were built
in the early 1930s, while the Toyota Motor Company was established in 1937.
First focusing on compact cars, Toyota eventually expanded to produce pickups,
SUVs, trucks, sports cars, and other vehicles as well. Along the way, the
company developed into one of the largest automotive manufacturers in the
world; indeed, as of 2017 Toyota is the largest manufacturer globally.

Toyota produces 10 million vehicles annually, 2.8 million of those in North

America. And that latter number is expected to grow thanks to economies of
scale. The Japanese automaker consolidated its United States operations in
Plano, Texas, where it will move the production capacity of 11 manufacturing
outlets and three distribution networks, along with the company’s North American
sales, marketing, and financing headquarters.

For FY2019, ending on March 31, 2019, Toyota reported net revenues of nearly

30,226 billion yen, or about $272 billion. This marked a 2.9% increase over
FY2018 revenues. As of July 17, 2019, Toyota's market capitalization is $185.4
billion.