Toyota Motor Corporation

"Toyota" redirects here.

Toyota Motor Corporation (in Japanese: トヨタ自動車株式会社; Toyota Jidōsha Kabushikigaisha; TYO: 7203.T , NYSE: TM, LSE: TYT) also abrreviated as TMC, is a multinational corporation that manufactures automobiles. The headquarters of Toyota is located in Toyota, Aichi. Toyota also provides Financial Servicesand participates in other lines of business. It manufactures vehicles under the brand names Toyota, Scion and Lexus. Toyota also owns majority stakes in Daihatsu and Hino, and 8.7% of Fuji Heavy Industries, which manufactures Subaru vehicles. The company's Toyota automobiles are well regarded for their longevity and reliability.

Toyota is Japan's biggest car company and the second largest in the world after General Motors. It produces an estimated eight million vehicles per year, about a million fewer than the number produced by GM. The company dominates its home market with about 40% of all new cars registered in 2004 being Toyotas. Toyota also has a large market share in both the United States and Europe. It has significant market shares in several fast-growing South East Asian countries.

The company produces a large range of vehicles which are highly regarded for their quality, engineering, and value; their designs set global standards for safety, reliability and ease of maintenance.

The Japanese magazine Nihon Keizai predicted that Toyota would overtake General Motors as the world's biggest automaker in 2006, with an annual production of 9.2 million vehicles.

Origins

The story of Toyota Motor Corporation began in September 1933 when Toyoda Automatic Loom created a new division devoted to the production of automobiles under the direction of the founder's son, Kiichiro Toyoda. Soon thereafter, the division produced its first Type A Engine in 1934, which was used in the first Model A1 passenger car in May 1935 and the G1 truck in August 1935. Production of the Model AA passenger car started in 1936.