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Toyota Motor Corporation. Sam Hadaway. Background. Founded in 1937 by Kiichiro Toyoda in Japan Originated from Toyota Industries Headquarters in Toyota City, Japan World’s first automobile company to produce more than 10 million vehicles a year
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Toyota Motor Corporation Sam Hadaway
Background • Founded in 1937 by Kiichiro Toyoda in Japan • Originated from Toyota Industries • Headquarters in Toyota City, Japan • World’s first automobile company to produce more than 10 million vehicles a year • Contains the automobile brands Toyota, Lexus, Ranz, Scion, and Hino
Economic • Largest company in Japan by Market Capitalization and by Revenue • Ranked 14th on the list of highest revenue by a company with a total revenue of $222 billion • 333,000 employees • Operating Income: 13 Billion • Net Income: 10 Billion
Toyota Nationally • Manufactures parts in 27 Countries at 52 locations • Sold in 160 countries and regions • Largest Markets are in North America and Europe • Taiwan economic crisis led to expansion problems • Toyota Motor Thailand received $200 million from Toyota Motor Company. • They built a Toyota Soluna (Vios) to extend the Thai’s working period that Soluna was given to the King in return for his support
Legal Issuers • In 2010 Toyota had a total recall on most of their cars and truck models made in the years 2005 to 2010 • Brake and Acceleration problems • Toyota had to pay $1.2 billion in financial penalty to resolve the criminal penalties issued by the federal government
Japan’s Dispute with China • There is a chain of islands in the East China Sea that Japan bought causing a dispute with China since the land was in such a prime location • Any Japanese made automobiles in China were vandalized and the drivers of the vehicles were also attacked • This declined Toyota’s sales in China by 49% • China is responsible for 12% of Toyota’s world sales
