You are on page 1of 10

In 1933 company was founded by Kiichiro Toyoda.

In 1934 department
of Toyota industries manufactured first product the product called
Type A engine and its first passenger car AA in 1936. Toyota bought
some other companies also and own and operates Lexus, Scion,
Daihatsu and Hino Motors and shareholdings in Fuji heavy industry,
Isuzu, Yamaha, and Mitsubishi Aircraft Corporation. All these and some
other in total includes around 522 subsidiaries.
Toyota's corporate structure consisted of 364,445 employees
worldwide and, as of December 2019, was the Tenth largest
company in the world.

PRESIDENTS:

• Rizaburo Toyoda (1937–1941)


• Kiichiro Toyoda (1941–1950)
• Taizo Ishida (1950–1961)
• Fukio Nakagawa (1961–1967)
• Eiji Toyoda (1967–1982)
CHAIRMEN:

• Shoichiro Toyoda (1992–1999)


• Hiroshi Okuda (1999–2006)
• Fujio Cho (2006–2013)
• Takeshi Uchiyamada (2013–present)
FINANCIALS:

Toyota is publicly traded on the Tokyo, Osaka, Nagoya, Fukuoka,


and Sapporo exchanges under company code TYO: 7203. In
addition, Toyota is foreign-listed on the New York Stock
Exchange under NYSE: TM and on the London Stock
Exchange under LSE: TYT. Toyota has been publicly traded in
Japan since 1949 and internationally since 1999.
As reported on its consolidated financial statements, Toyota has
606 consolidated subsidiaries and 199 affiliates.

• Toyota Motor North America (100% – 2004)


• Toyota Canada Inc. (51% – 2013)
• Toyota Tsusho – Trading company for the Toyota Group
• Daihatsu Motor Company (100%)
• Hino Motors (50.1% – 2001)
• Lexus 100% (1989)
• Scion 100% (2003)
• DENSO (24.74% – September 30, 2006)
• Toyota Industries (23.51% – March 31, 2006)
• Aisin Seiki Co. (23.0% – September 30, 2006)GL
• Subaru Corporation (20% – September 29, 2019)[19]
• Isuzu Motors (5.9% – November 10, 2006)
• PT Toyota Astra Motor (50% – 2017)
• Noble Automotive (23% – 2014)
• PT Toyota Motor Manufacturing Indonesia (95% – 2003)

GLOBAL RANKING:

Toyota, which earlier was the world's third-largest


automotive manufacturer by production volume behind
American General Motors and Ford, produced for the first
time in history more vehicles than Ford in 2005, and in
2006 even more than General Motors and has been the
world's largest automotive manufacturer by production
volume since then, except in 2011 when, triggered by
the 2011 Tōhoku earthquake and tsunami, it fell to the
number 3 position behind General Motors and
German Volkswagen Group.

DEMAND:
Toyota products were in high demand worldwide and
they had a time when they felt they might not be able to
meet the demand of customers but they were selling as
normal routine and increase the production with huge
volumes and increase the manufacturing speed.
Contacted and started working with more suppliers for
different parts which they are use to buy from different
suppliers.

LEADERSHIP SKILLS:
Toyota Executives and Mr. Akio Toyoda had a strong
feeling that working with new and more suppliers might
give a bad impact for their quality and they might not be
able to control well. They had very busy and high demand
for their cars instead of finding good solution to cope this
situation they didn’t go for more alternatives like booking,
reservation for cars instead of doing this they gave focus
on rapid expansion.
(In 1924)
Sakichi Toyoda invented the Toyoda Model G
Automatic Loom. The principle of jidoka, which means the
machine stops itself when a problem occurs, became later
a part of the Toyota Production System. Looms were built
on a small production line.
(In 1929)
The patent for the automatic loom was sold to the British
company Platt Brothers, generating the starting capital for
automobile development.
Japanese multinational Automotive manufacturer
headquartered in Toyota Aichi, Japan. In 2017, Toyota's
corporate structure consisted of 364,445 employees
worldwide and, as of December 2019, was the tenth
largest company of the world by revenue.
Toyota is the largest automobile manufacturer in Japan,
and the second-largest in the world behind Volkswagen,
based on 2018 unit sales.
Toyota was the world's first automobile manufacturer to
produce more than 10 million vehicles per year, which it
has done since 2012, when it also reported the production
of its 200-millionth vehicle.
As of July 2014, Toyota was the largest listed company in
Japan by market capitalization (worth more than twice as
much as number 2-ranked (Soft bank) and by revenue.
2010s
In 2010, Toyota, along with large parts of the Japanese
automotive industry, suffered from a series of natural
disasters.
The 2011 Tōhoku earthquake and tsunami led to a severe
disruption of the supplier base and a drop in production
and exports.
Severe flooding during the 2011 monsoon season
in Thailand affected Japanese automakers that had
chosen Thailand as a production base.
Toyota is estimated to have lost production of 150,000
units to the tsunami and production of 240,000 units to the
floods.
(In August 2014)
Toyota announced it would be cutting its spare-parts
prices in China by up to 35%. The company admitted the
move was in response to a probe foreshadowed earlier in
the month by China's National Development and Reform
Commission of Toyota's Lexus spare-parts policies, as
part of an industry-wide investigation into what the
Chinese regulator considers exorbitantly high prices being
charged by automakers for spare parts and after-sales
servicing.

(In November 2015)


The company announced that it would invest US$1
billion over the next 5 years into artificial intelligence and
robotics research. In 2016, Toyota invested in Uber. The
invested amount is not public information.
(In March 2016)
Toyota partnered with Yanmar to create a fiberglass pleasure
boat using Yanmar outboard marine diesel engines or Toyota
inboard engines.

(On August 27, 2018) Toyota announced an


investment of $500 Million in Uber's autonomous cars.

The first car of toyota company Model name


Toyoda Standard Sedhan Aa (1936)
Vision Statement:-
Toyota Motor Corporation’s vision statement indicates the
company’s long-term strategic direction in the automobile
industry. This vision statement reads,

“Toyota will lead the way to the future of mobility, enriching


lives around the world with the safest and most responsible
ways of moving people. Through our commitment to quality,
constant innovation and respect for the planet, we aim to
exceed expectations and be rewarded with a smile. We will
meet our challenging goals by engaging the talent and
passion of people, who believe there is always a better way.”

In this vision statement, Toyota includes major areas of its


business. The vision statement states that the company aims to
achieve leadership in the global market. The vision statement also
shows that Toyota moves forward based on quality, innovation
and environmental conservation.

Thus, Toyota includes corporate social responsibility in its vision


statement. In addition, the company emphasizes human resource
development, as shown in the “talent and passion of people”
component of the vision statement.

Therefore, Toyota’s vision statement is holistic because it


encompasses strategic goals for business leadership, product
quality, human resources, and corporate social responsibility.
These points of the vision statement have direct correlation with
the points in Toyota’s mission statement.
Mission Statement:-
Toyota Motor Corporation uses various mission statements for its
businesses in different markets. However, with regard to the
business of automobile manufacturing and sales, the company’s
mission statement pertains to its strategic actions in technology.
Thus, Toyota’s mission statement is as follows: “Create vehicles
that are popular with consumers.” In expanded form, Toyota’s
mission statement includes the following strategic actions:

• Provide world-class safety to protect the lives of customers.


• Provide optimization of energy/infrastructure to local communities.
• Put high priority on safety and promote product development with
the ultimate goal of “completely eliminating traffic casualties”.
• Deliver cars that stimulate and even inspire, and earn smiles from
our customers.
• Address employees’ education under “Genchi-genbutsu”
philosophy, which is to go to the source to find the facts to make
correct decisions, build consensus and achieve goals at our best
speed.
• Through true mutual trust with partners, contribute to the
development of new technology and improved expertise.
• Contribute to economic development of local communities with
R&D operations functioning effectively in each region.

Toyota’s mission statement focuses on products. The firm always


considers the preferences and expectations of consumers,
arguably based on trends and market research. In the strategic
actions encompassed in its mission statement, Toyota
emphasizes quality of products, with reference to such criteria as
safety and customer satisfaction. In addition, Toyota’s mission
statement specifies employee education as a way of achieving
the human resource development aim in its vision statement.
Also, this mission statement shows that Toyota maintains its
commitment to technological innovation. Innovation is seen as a
way for the company to achieve its aims in product quality,
customer satisfaction, and corporate social responsibility. Thus,
Toyota’s mission statement is holistic and aligned to its vision
statement.

The latest Model of Toyota company


Model name (Toyota Highlander)

You might also like