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is a Japanese multinational automotive manufacturer headquartered in
Toyota City, Aichi , formerly known as Koromo, is a city in Aichi Prefecture, Japan. , the city had an estimated population of 426,162 and a population density of 464 people per km2. The total area was . It is located about 35 minutes from Nagoya by way of the Mei ...
, Japan. It was founded by Kiichiro Toyoda and incorporated on . Toyota is one of the largest automobile manufacturers in the world, producing about 10 million vehicles per year. The company was originally founded as a spinoff of Toyota Industries, a machine maker started by
Sakichi Toyoda was a Japanese inventor and industrialist. He was born in Kosai, Shizuoka. The son of a farmer and sought-after carpenter, he started the Toyoda family companies. His son, Kiichiro Toyoda, would later establish Japan's largest automaker, Toy ...
, Kiichiro's father. Both companies are now part of the Toyota Group, one of the largest conglomerates in the world. While still a department of Toyota Industries, the company developed its first product, the Type A engine in 1934 and its first passenger car in 1936, the Toyota AA. After World War II, Toyota benefited from Japan's alliance with the United States to learn from American automakers and other companies, which would give rise to The Toyota Way (a management philosophy) and the
Toyota Production System The Toyota Production System (TPS) is an integrated socio-technical system, developed by Toyota, that comprises its management philosophy and practices. The TPS is a management system that organizes manufacturing and logistics for the automobile ...
(a
lean manufacturing Lean manufacturing is a production method aimed primarily at reducing times within the production system as well as response times from suppliers and to customers. It is closely related to another concept called just-in-time manufacturing (J ...
practice) that would transform the small company into a leader in the industry and would be the subject of many academic studies. In the 1960s, Toyota took advantage of a rapidly growing Japanese economy to sell cars to a growing middle-class, leading to the development of the
Toyota Corolla The is a series of compact cars (formerly subcompact) manufactured and marketed globally by the Toyota Motor Corporation. Introduced in 1966, the Corolla was the best-selling car worldwide by 1974 and has been one of the best-selling cars in ...
, which would go on to become the world's all-time best-selling automobile. The booming economy also funded an international expansion that would allow Toyota to grow into one of the largest automakers in the world, the largest company in Japan and the ninth-largest company in the world by revenue, . Toyota was the world's first automobile manufacturer to produce more than 10 million vehicles per year, a record set in 2012, when it also reported the production of its 200 millionth vehicle. Toyota was praised for being a leader in the development and sales of more fuel-efficient
hybrid electric vehicle A hybrid electric vehicle (HEV) is a type of hybrid vehicle that combines a conventional internal combustion engine (ICE) system with an Electric motor, electric propulsion system (hybrid vehicle drivetrain). The presence of the electric powertr ...
s, starting with the introduction of the
Toyota Prius The is a car built by Toyota which has a hybrid drivetrain, combining an internal combustion engine with an electric motor. Initially offered as a four-door sedan, it has been produced only as a five-door liftback since 2003. In 2007, ...
in 1997. The company now sells more than 40 hybrid vehicle models around the world. However, more recently, the company has also been accused of
greenwashing Greenwashing (a compound word modeled on "whitewash"), also called "green sheen", is a form of advertising or marketing spin in which green PR and green marketing are deceptively used to persuade the public that an organization's products, aim ...
for its skepticism of all-electric vehicles and its focus on the development of hydrogen fuel cell vehicles, like the
Toyota Mirai The (from , Japanese for 'future') is a mid-size hydrogen fuel cell vehicle (FCV) manufactured by Toyota, and is one of the first FCV automobiles to be mass-produced and sold commercially. The Mirai was unveiled at the November 2014 Los Ang ...
, a technology that is costlier and has fallen far behind electric batteries. Still, in late 2022, the company signed an £11.3m government deal with the UK's Department for Business, Energy and Industrial Strategy to help it develop its Hilux FC model, a new range of hydrogen-powered pickup trucks. , the Toyota Motor Corporation produces vehicles under four brands:
Daihatsu , commonly known as Daihatsu, is a Japanese automobile manufacturer and one of the oldest surviving Japanese internal combustion engine manufacturers. The company's headquarters are located in Ikeda, Osaka Prefecture. Historically, Daihatsu was ...
, Hino,
Lexus is the luxury vehicle division of the Japanese automaker Toyota. The Lexus brand is marketed in more than 90 countries and territories worldwide and is Japan's largest-selling make of premium cars. It has ranked among the 10 largest Japanese ...
and the namesake Toyota. The company also holds a 20% stake in
Subaru Corporation is a Japanese multinational corporation and conglomerate primarily involved in both terrestrial and aerospace transportation manufacturing. It is best known for its line of Subaru automobiles. Founded in 1953, the company was formerly named ( ...
, a 5.1% stake in
Mazda , commonly referred to as simply Mazda, is a Japanese multinational automotive manufacturer headquartered in Fuchū, Hiroshima, Japan. In 2015, Mazda produced 1.5 million vehicles for global sales, the majority of which (nearly one ...
, a 4.9% stake in
Suzuki is a Japanese multinational corporation headquartered in Minami-ku, Hamamatsu, Japan. Suzuki manufactures automobiles, motorcycles, all-terrain vehicles (ATVs), outboard marine engines, wheelchairs and a variety of other small internal co ...
, a 4.6% stake in Isuzu, a 3.8% stake in
Yamaha Motor Corporation is a Japanese multinational manufacturer of motorcycles, marine products such as boats and outboard motors, and other motorized products. The company was established in 1955 upon separation from Yamaha Corporation (however, Yamaha Corporation ...
, and a 2.8% stake in
Panasonic formerly between 1935 and 2008 and the first incarnation of between 2008 and 2022, is a major Japanese multinational conglomerate corporation, headquartered in Kadoma, Osaka. It was founded by Kōnosuke Matsushita in 1918 as a lightbulb ...
, as well as stakes in vehicle manufacturing joint-ventures in China (
FAW Toyota Tianjin FAW Toyota Motor Co., Ltd. (TFTM) () is an automobile manufacturing company based in Xiqing District, Tianjin, China. It is a manufacturing and supervising affiliate of the joint venture between Toyota Motor Company and First Automobi ...
and
GAC Toyota GAC Toyota Motor Co., Ltd. () is an automobile manufacturing company headquartered in Guangzhou, China and a joint-venture between GAC Group and Toyota Motor Company for manufacturing Toyota's model platform in the Chinese market. It was founded ...
), the Czech Republic ( TPCA), India (
Toyota Kirloskar Toyota Kirloskar Motor Private Limited (TKM) is an Indian joint venture between Toyota Motor Corporation (89%) and Kirloskar Group (11%), for the manufacture and sales of Toyota cars in India. The headquarters are located in Bidadi, Karnataka, ...
) and the United States ( MTMUS). Toyota is listed on the
London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...
,
Nagoya Stock Exchange Nagoya Stock Exchange (名古屋証券取引所 ''Nagoya Shōken Torihikijo'', NSE) is a stock trading market in Nagoya, Japan. It is Japan's second largest exchange, behind the Tokyo Stock Exchange. History The Nagoya Stock Exchange (NSE) is t ...
,
New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its liste ...
and on the
Tokyo Stock Exchange The , abbreviated as Tosho () or TSE/TYO, is a stock exchange located in Tokyo, Japan. It is the third largest stock exchange in the world by aggregate market capitalization of its listed companies, and the largest in Asia. It had 2,292 listed ...
, where its stock is a component of the
Nikkei 225 The Nikkei 225, or , more commonly called the ''Nikkei'' or the ''Nikkei index'' (), is a stock market index for the Tokyo Stock Exchange (TSE). It has been calculated daily by the '' Nihon Keizai Shimbun'' (''The Nikkei'') newspaper since 19 ...
and
TOPIX , commonly known as TOPIX, along with the Nikkei 225, is an important stock market index for the Tokyo Stock Exchange (TSE) in Japan, tracking all domestic companies of the exchange's Prime market division. It is calculated and published by the ...
Core30 indices.


History


1920s1930s

In 1924,
Sakichi Toyoda was a Japanese inventor and industrialist. He was born in Kosai, Shizuoka. The son of a farmer and sought-after carpenter, he started the Toyoda family companies. His son, Kiichiro Toyoda, would later establish Japan's largest automaker, Toy ...
invented the Toyoda Model G Automatic
Loom A loom is a device used to weave cloth and tapestry. The basic purpose of any loom is to hold the warp threads under tension to facilitate the interweaving of the weft threads. The precise shape of the loom and its mechanics may vary, but t ...
. The principle of ''
jidoka Autonomation describes a feature of machine design to effect the principle of (じどうか jidouka), used in the Toyota Production System (TPS) and lean manufacturing. It may be described as "intelligent automation" or "automation with a human ...
'', which means the machine stops itself when a problem occurs, became later a part of the
Toyota Production System The Toyota Production System (TPS) is an integrated socio-technical system, developed by Toyota, that comprises its management philosophy and practices. The TPS is a management system that organizes manufacturing and logistics for the automobile ...
. Looms were built on a small
production line A production line is a set of sequential operations established in a factory where components are assembled to make a finished article or where materials are put through a refining process to produce an end-product that is suitable for onward c ...
. In 1929, the patent for the automatic loom was sold to the British company Platt Brothers, generating the starting capital for automobile development. Under the direction of the founder's son, Kiichiro Toyoda, Toyoda Automatic Loom Works established an Automobile Division on September 1, 1933, and formally declared its intention to begin manufacturing automobiles on January 29, 1934. A prototype Toyota Type A engine was completed on September 25, 1934, with the company's first prototype sedan, the A1, completed the following May. As Kiichiro had limited experience with automobile production, he initially focused on truck production; the company's first truck, the G1, was completed on August 25, 1935, and debuted on November 21 in Tokyo, becoming the company's first production model. Modeled on a period Ford truck, the G1 sold for ¥2,900, ¥200 cheaper than the Ford truck. A total of 379 G1 trucks were ultimately produced. In April 1936, Toyoda's first passenger car, the Model AA, was completed. The sales price was ¥3,350, ¥400 cheaper than Ford or GM cars. The company's plant at Kariya was completed in May. In July, the company filled its first export order, with four G1 trucks exported to northeastern China. On September 19, 1936, the Japanese imperial government officially designated Toyota Automatic Loom Works as an automotive manufacturer. Vehicles were originally sold under the name "Toyoda" (トヨダ), from the family name of the company's founder, Kiichirō Toyoda. In September 1936, the company ran a public competition to design a new logo. Of 27,000 entries, the winning entry was the three Japanese ''
katakana is a Japanese syllabary, one component of the Japanese writing system along with hiragana, kanji and in some cases the Latin script (known as rōmaji). The word ''katakana'' means "fragmentary kana", as the katakana characters are derived f ...
'' letters for "Toyoda" in a circle. However,
Rizaburo Toyoda was a Japanese entrepreneur. He was the son-in-law of Toyota Industries Co., Ltd founder Sakichi Toyoda, and brother-in-law of Toyota Motor Corporation founder, His original surname was Kodama (児玉). He graduated from Hitotsubashi Univers ...
, who had married into the family and was not born with that name, preferred "Toyota" () because it took eight brush strokes (a lucky number) to write in Japanese, was visually simpler (leaving off the
diacritic A diacritic (also diacritical mark, diacritical point, diacritical sign, or accent) is a glyph added to a letter or to a basic glyph. The term derives from the Ancient Greek (, "distinguishing"), from (, "to distinguish"). The word ''diacrit ...
at the end), and with a
voiceless consonant In linguistics, voicelessness is the property of sounds being pronounced without the larynx vibrating. Phonologically, it is a type of phonation, which contrasts with other states of the larynx, but some object that the word phonation implies v ...
instead of a voiced one (voiced consonants are considered to have a "murky" or "muddy" sound compared to voiceless consonants, which are "clear"). Since ''toyoda'' literally means "fertile rice paddies", changing the name also prevented the company from being associated with old-fashioned farming. The newly formed word was trademarked and the company began trading on August 28, 1937, as the Toyota Motor Company Ltd. Kiichiro's brother-in-law
Rizaburo Toyoda was a Japanese entrepreneur. He was the son-in-law of Toyota Industries Co., Ltd founder Sakichi Toyoda, and brother-in-law of Toyota Motor Corporation founder, His original surname was Kodama (児玉). He graduated from Hitotsubashi Univers ...
was appointed the firm's first president, with Kiichiro as vice-president. Toyota Automatic Loom Works formally transferred automobile manufacturing to the new entity on September 29. The Japanese government supported the company by preventing foreign competitors Ford and
General Motors The General Motors Company (GM) is an American Multinational corporation, multinational Automotive industry, automotive manufacturing company headquartered in Detroit, Michigan, United States. It is the largest automaker in the United States and ...
from importing automobiles into Japan.


1940s

Japan was heavily damaged in
World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the World War II by country, vast majority of the world's countries—including all of the great power ...
and Toyota's plants, which were used for the war effort, were not spared. On August 14, 1945, one day before the
surrender of Japan The surrender of the Empire of Japan in World War II was announced by Emperor Hirohito on 15 August and formally signed on 2 September 1945, bringing the war's hostilities to a close. By the end of July 1945, the Imperial Japanese Na ...
, Toyota's Koromo Plant was bombed by the Allied forces. After the surrender, the U.S.-led occupying forces banned passenger car production in Japan. However, automakers like Toyota were allowed to begin building trucks for civilian use, in an effort to rebuild the nation's infrastructure. The U.S. military also contracted with Toyota to repair its vehicles. By 1947, there was an emerging global
Cold War The Cold War is a term commonly used to refer to a period of geopolitical tension between the United States and the Soviet Union and their respective allies, the Western Bloc and the Eastern Bloc. The term '' cold war'' is used because t ...
between the Soviet Union and the U.S., who had been allies in World War II. U.S. priorities shifted (the " Reverse Course") from punishing and reforming Japan to ensuring internal political stability, rebuilding the economy, and, to an extent, remilitarizing Japan. Under these new policies, in 1949, Japanese automakers were allowed to resume passenger car production, but at the same time, a new economic stabilization program to control inflation plunged the automotive industry into a serious shortage of funds, while many truck owners defaulted on their loans. Ultimately, the
Bank of Japan The is the central bank of Japan. Nussbaum, Louis Frédéric. (2005). "Nihon Ginkō" in The bank is often called for short. It has its headquarters in Chūō, Tokyo. History Like most modern Japanese institutions, the Bank of Japan was foun ...
, the
central bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a centra ...
of the country, bailed out the company, with demands that the company institute reforms.


1950s

As the 1950s began, Toyota emerged from its financial crisis a smaller company, closing factories and laying off workers. At about the same time, the
Korean War {{Infobox military conflict , conflict = Korean War , partof = the Cold War and the Korean conflict , image = Korean War Montage 2.png , image_size = 300px , caption = Clockwise from top:{ ...
broke out, and being located so close to the battlefront, the U.S. Army placed an order for 1,000 trucks from Toyota. The order helped to rapidly improve the struggling company's business performance. In 1950, company executives, including Kiichiro's cousin
Eiji Toyoda was a Japanese industrialist. He was largely responsible for bringing Toyota Motor Corporation to profitability and worldwide prominence during his tenure as president and later, as chairman. He was succeeded as the president of Toyota by Shoi ...
, took a trip to the United States where they trained at the
Ford Motor Company Ford Motor Company (commonly known as Ford) is an American multinational automobile manufacturer headquartered in Dearborn, Michigan, United States. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobi ...
and observed the operations of dozens of U.S. manufacturers. The knowledge they gained during the trip, along with what the company learned making looms, would give rise to The Toyota Way (a management philosophy) and the
Toyota Production System The Toyota Production System (TPS) is an integrated socio-technical system, developed by Toyota, that comprises its management philosophy and practices. The TPS is a management system that organizes manufacturing and logistics for the automobile ...
(a
lean manufacturing Lean manufacturing is a production method aimed primarily at reducing times within the production system as well as response times from suppliers and to customers. It is closely related to another concept called just-in-time manufacturing (J ...
practice) that would transform the company into a leader in the manufacturing industry. Toyota started developing its first full-fledged passenger car, the Toyopet Crown, in January 1952. Prior to the Crown, Toyota had been outsourcing the design and manufacturing of auto bodies, which were then mounted on truck frames made by Toyota. The project was a major test for Toyota, who would need to build bodies and develop a new chassis that would be comfortable, but still stand up to the muddy, slow, unpaved roads common in Japan at the time. The project had been championed for many years by founder Kiichiro Toyoda, who died suddenly on March 27, 1952. The first prototypes were completed in June 1953 and began extensive testing, before the Crown went on sale in August 1955. The car was met with positive reviews from around the world. After the introduction of the Crown, Toyota began aggressively expanding into the export market. Toyota began shipping Land Cruiser knock-down kits to Latin America in November 1955, sending complete Land Cruisers to Burma (now
Myanmar Myanmar, ; UK pronunciations: US pronunciations incl. . Note: Wikipedia's IPA conventions require indicating /r/ even in British English although only some British English speakers pronounce r at the end of syllables. As John Wells explai ...
) and the Philippines in 1956 as part of war reparations provided by the Japanese government, establishing a branch in Thailand in June 1957, and shipping Land Cruisers to Australia in August 1957. Toyota established a production facility in Brazil in 1958, the company's first outside of Japan. Toyota entered the United States market in July 1958, attempting to sell the Toyopet Crown. The company faced problems almost immediately, the Crown was a flop in the U.S. with buyers finding it overpriced and underpowered (because it was designed for the bad roads of Japan, not high-speed performance). In response, exports of the Crown to the United States were suspended in December 1960. After Kiichiro's death, his cousin
Eiji Toyoda was a Japanese industrialist. He was largely responsible for bringing Toyota Motor Corporation to profitability and worldwide prominence during his tenure as president and later, as chairman. He was succeeded as the president of Toyota by Shoi ...
would later become the leader of the company. Eiji helped establish the company's first plant independent from the Loom Works plant. He would go on to lead the company for the next two decades.


1960s–1970s

At the start of the 1960s, the Japanese economy was booming, a period that came to be known as the Japanese economic miracle. As the economy grew, so did the income of everyday people, who now could afford to purchase a vehicle. At the same time, the Japanese government heavily invested in improving road infrastructure. To take advantage of the moment, Toyota and other automakers started offering affordable economy cars like the
Toyota Corolla The is a series of compact cars (formerly subcompact) manufactured and marketed globally by the Toyota Motor Corporation. Introduced in 1966, the Corolla was the best-selling car worldwide by 1974 and has been one of the best-selling cars in ...
, which would go on to become the world's all-time best-selling automobile. Toyota also found success in the United States in 1965 with the Toyota Corona compact car, which was redesigned specifically for the American market with a more powerful engine. The Corona helped increase U.S. sales of Toyota vehicles to more than 20,000 units in 1966 (a threefold increase) and helped the company become the third-best-selling import brand in the United States by 1967. Toyota's first manufacturing investment in the United States came in 1972 when the company struck a deal with Atlas Fabricators, to produce truck beds in Long Beach, in an effort to avoid the 25% "
chicken tax The Chicken Tax is a 25 percent tariff on light trucks (and originally on potato starch, dextrin, and brandy) imposed in 1964 by the United States under President Lyndon B. Johnson in response to tariffs placed by France and West Germany on imp ...
" on imported light trucks. By importing the truck as an incomplete chassis cab (the truck without a bed), the vehicle only faced a 4% tariff. Once in the United States, Atlas would build the truck beds and attach them to the trucks. The partnership was successful and two years later, Toyota purchased Atlas. The
energy crisis of the 1970s The 1970s energy crisis occurred when the Western world, particularly the United States, Canada, Western Europe, Australia, and New Zealand, faced substantial petroleum shortages as well as elevated prices. The two worst crises of this per ...
was a major turning point in the American auto industry. Before the crisis, large and heavy vehicles with powerful but inefficient engines were common. But in the years after, consumers started demanding high-quality and fuel-efficient small cars. Domestic automakers, in the midst of their malaise era, struggled to build these cars profitably, but foreign automakers like Toyota were well positioned. This, along with growing
anti-Japanese sentiment Anti-Japanese sentiment (also called Japanophobia, Nipponophobia and anti-Japanism) involves the hatred or fear of anything which is Japanese, be it its culture or its people. Its opposite is Japanophilia. Overview Anti-Japanese sentim ...
, prompted the U.S. Congress to consider import restrictions to protect the domestic auto industry. The 1960s also saw the slight opening of the Japanese auto market to foreign companies. In an effort to strengthen Japan's auto industry ahead of the market opening, Toyota purchased stakes in other Japanese automakers. That included a stake in
Hino Motors Hino Motors, Ltd., commonly known as Hino, is a Japanese manufacturer of commercial vehicles and diesel engines (including those for trucks, buses and other vehicles) headquartered in Hino, Tokyo. The company was established in 1942 as a corpo ...
, a manufacturer of large commercial trucks, buses and diesel engines, along with a 16.8 percent stake in
Daihatsu , commonly known as Daihatsu, is a Japanese automobile manufacturer and one of the oldest surviving Japanese internal combustion engine manufacturers. The company's headquarters are located in Ikeda, Osaka Prefecture. Historically, Daihatsu was ...
, a manufacturer of
kei car Kei car (or , kanji: , "light automobile", ), known variously outside Japan as Japanese city car or Japanese microcar, is the Japanese vehicle category for the smallest highway-legal passenger cars with restricted dimensions and engine capaci ...
s, the smallest highway-legal passenger vehicles sold in Japan. That would begin what would become a long-standing partnership between Toyota and the two companies. As part of the partnership, Daihatsu would supply kei cars for Toyota to sell and to a lesser extent Toyota would supply full-sized cars for Daihatsu to sell (a process known as
rebadging In the automotive industry, rebadging is a form of market segmentation used by automobile manufacturers around the world. To allow for product differentiation without designing or engineering a new model or brand (at high cost or risk), a m ...
), allowing both companies to sell a full line-up of vehicles.


1980s

After the successes of the 1970s, and the threats of import restrictions, Toyota started making additional investments in the North American market in the 1980s. In 1981, Japan agreed to
voluntary export restraints A voluntary export restraint (VER) or voluntary export restriction is a measure by which the government or an industry in the importing country arranges with the government or the competing industry in the exporting country for a restriction on t ...
, which limited the number of vehicles the nation would send to the United States each year, leading Toyota to establish assembly plants in North America. The U.S. government also closed the loophole that allowed Toyota to pay lower taxes by building truck beds in America. Also in 1981, Eiji Toyoda stepped down as president and assumed the title of chairman. He was succeeded as president by Shoichiro Toyoda, the son of the company's founder. Within months, Shoichiro started to merge Toyota's sales and production organizations, and in 1982 the combined companies became the Toyota Motor Corporation. The two groups were described as "oil and water" and it took years of leadership from Shoichiro to successfully combine them into one organization. Efforts to open a Toyota assembly plant in the United States started in 1980, with the company proposing a joint-venture with the
Ford Motor Company Ford Motor Company (commonly known as Ford) is an American multinational automobile manufacturer headquartered in Dearborn, Michigan, United States. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobi ...
. Those talks broke down in July 1981. Eventually in 1984, the company struck a deal with
General Motors The General Motors Company (GM) is an American Multinational corporation, multinational Automotive industry, automotive manufacturing company headquartered in Detroit, Michigan, United States. It is the largest automaker in the United States and ...
(GM) to establish a joint-venture vehicle manufacturing plant called NUMMI (New United Motor Manufacturing, Inc.) in
Fremont, California Fremont is a city in Alameda County, California, United States. Located in the East Bay region of the San Francisco Bay Area, Bay Area, Fremont has a population of 230,504 as of 2020, making it the fourth List of cities and towns in the San Fra ...
. GM saw the joint venture as a way to get access to a quality small car and an opportunity to learn about The Toyota Way and the Toyota Production System. For Toyota, the factory gave the company its first manufacturing base in North America allowing it to avoid any future tariffs on imported vehicles and saw GM as a partner who could show them how to navigate the American labor environment. The plant would be led by Tatsuro Toyoda, the younger brother of company president Shoichiro Toyoda. The first Toyota assembled in America, a white Corolla, rolled off the line at NUMMI on October 7, 1986. Toyota received its first Japanese Quality Control Award at the start of the 1980s and began participating in a wide variety of
motorsports Motorsport, motorsports or motor sport is a global term used to encompass the group of competitive sporting events which primarily involve the use of motorized vehicles. The terminology can also be used to describe forms of competition of tw ...
. Conservative Toyota held on to
rear-wheel-drive Rear-wheel drive (RWD) is a form of engine and transmission layout used in motor vehicles, in which the engine drives the rear wheels only. Until the late 20th century, rear-wheel drive was the most common configuration for cars. Most rear-wheel ...
designs for longer than most; while a clear first in overall production they were only third in production of front-wheel-drive cars in 1983, behind Nissan and Honda. In part due to this, Nissan's Sunny managed to squeeze by the Corolla in numbers built that year. Before the decade was out, Toyota introduced
Lexus is the luxury vehicle division of the Japanese automaker Toyota. The Lexus brand is marketed in more than 90 countries and territories worldwide and is Japan's largest-selling make of premium cars. It has ranked among the 10 largest Japanese ...
, a new division that was formed to market and service luxury vehicles in international markets. Prior to the debut of Lexus, Toyota's two existing flagship models, the Crown and
Century A century is a period of 100 years. Centuries are numbered ordinally in English and many other languages. The word ''century'' comes from the Latin ''centum'', meaning ''one hundred''. ''Century'' is sometimes abbreviated as c. A centennial or ...
, both catered exclusively for the Japanese market and had little global appeal that could compete with international luxury brands such as Mercedes-Benz, BMW and Jaguar. The company had been developing the brand and vehicles in secret since August 1983, at a cost of over US$1 billion. Dawson, Chester (2004). May, Matthew E. (2006). ''The Elegant Solution: Toyota's Formula for Mastering Innovation'', Free Press, NY. p. 43. . The LS 400 flagship full-size sedan debuted in 1989 to strong sales, and was largely responsible for the successful launch of the Lexus marque.


1990s

In the 1990s, Toyota began to branch out from producing mostly compact cars by adding many larger and more luxurious vehicles to its lineup, including a full-sized pickup, the T100 (and later the
Tundra In physical geography, tundra () is a type of biome where tree growth is hindered by frigid temperatures and short growing seasons. The term ''tundra'' comes through Russian (') from the Kildin Sámi word (') meaning "uplands", "treeless mou ...
), several lines of SUVs, a sport version of the Camry, known as the Camry Solara. They would also launch newer iterations of their sports cars, namely the MR2, Celica, and Supra during this era. December 1997 saw the introduction of the first-generation Toyota Prius, the first mass-produced
gasoline-electric hybrid A hybrid electric vehicle (HEV) is a type of hybrid vehicle that combines a conventional internal combustion engine (ICE) system with an electric propulsion system (hybrid vehicle drivetrain). The presence of the electric powertrain is intended ...
car. The vehicle would be produced exclusively for the Japanese market for the first two years. With a major presence in Europe, due to the success of Toyota Team Europe in racing, the corporation decided to set up Toyota Motor Europe Marketing and Engineering, TMME, to help market vehicles in the continent. Two years later, Toyota set up a base in the United Kingdom,
TMUK Established in 1989, Toyota Motor Manufacturing (UK) Ltd is the British manufacturing subsidiary of Toyota. The main factory is at Burnaston in Derbyshire, with an engine factory located in Deeside, North Wales. Construction of the Burnaston fac ...
, as the company's cars had become very popular among British drivers. Bases in
Indiana Indiana () is a U.S. state in the Midwestern United States. It is the 38th-largest by area and the 17th-most populous of the 50 States. Its capital and largest city is Indianapolis. Indiana was admitted to the United States as the 19th ...
,
Virginia Virginia, officially the Commonwealth of Virginia, is a state in the Mid-Atlantic and Southeastern regions of the United States, between the Atlantic Coast and the Appalachian Mountains. The geography and climate of the Commonwealth are ...
, and
Tianjin Tianjin (; ; Mandarin: ), alternately romanized as Tientsin (), is a municipality and a coastal metropolis in Northern China on the shore of the Bohai Sea. It is one of the nine national central cities in Mainland China, with a total popu ...
were also set up. Toyota also increased its ownership of Daihatsu during this period. In 1995, Toyota increased its shareholding in the company to 33.4 percent, giving Toyota the ability to veto shareholder resolutions at the annual meeting. In 1998, Toyota increased its holding in the company to 51.2 percent, becoming the majority shareholder. On September 29, 1999, the company decided to list itself on the
New York New York most commonly refers to: * New York City, the most populous city in the United States, located in the state of New York * New York (state), a state in the northeastern United States New York may also refer to: Film and television * '' ...
and
London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...
s. The later half of the 1990s would also see the Toyoda brothers step back from the company their father had founded. In 1992, Shoichiro Toyoda would shift to become chairman, allowing his brother Tatsuro to become president, a job he held until his retirement in 1995. Shoichiro would step down as chairman in 1999. Both would retain honorary advisory roles in the company. Hiroshi Okuda would lead the company as president from 1995 until 1999 when he became chairman and the President's office would be filled by
Fujio Cho is honorary chairman of Toyota Motor Corporation. In the Japanese system, that puts him in charge of the country's and world's largest automaker. Chō is only the second "outsider" to head Toyota Motor Co. since the members of the founding To ...
.


2000s

In August 2000, exports began of the Prius. In 2001, Toyota acquired its long time partner, truck and bus manufacturer
Hino Motors Hino Motors, Ltd., commonly known as Hino, is a Japanese manufacturer of commercial vehicles and diesel engines (including those for trucks, buses and other vehicles) headquartered in Hino, Tokyo. The company was established in 1942 as a corpo ...
. In 2002, Toyota entered
Formula One Formula One (also known as Formula 1 or F1) is the highest class of international racing for open-wheel single-seater formula racing cars sanctioned by the Fédération Internationale de l'Automobile (FIA). The World Drivers' Championship, ...
competition and established a manufacturing joint venture in France with French automakers
Citroën Citroën () is a French automobile brand. The "Automobiles Citroën" manufacturing company was founded in March 1919 by André Citroën. Citroën is owned by Stellantis since 2021 and previously was part of the PSA Group after Peugeot acquired 8 ...
and Peugeot. A youth-oriented marque for North America, Scion (automobile), Scion, was introduced in 2003. Toyota ranked eighth on Forbes 2000 list of the world's leading companies for the year 2005. Also in 2005, Fujio Cho would shift to become chairman of Toyota and would be replaced as president by Katsuaki Watanabe. In 2007, Toyota released an update of its full-sized truck, the Tundra, produced in two American factories, one in Texas and one in Indiana. ''Motor Trend'' named the Tundra "Truck of the Year", and the 2007 Toyota Camry "Car of the Year" for 2007. It also began the construction of two new factories, one in Woodstock, Ontario, Canada, and the other in Blue Springs, Mississippi, USA. The company was number one in global automobile sales for the first quarter of 2008. Toyota was hit by the Financial crisis of 2007–08, global financial crisis of 2008 as it was forced in December 2008 to forecast its first annual loss in 70 years. In January 2009, it announced the closure of all of its Japanese plants for 11 days to reduce output and stocks of unsold vehicles. In October 2009, Toyota announced that they were establishing an office in South Korea and launched the Camry sedan, Camry hybrid, Prius and the RAV4 during the launching event at the Grand Hyatt Seoul. Between 2009 and 2011, Toyota 2009–2011 Toyota vehicle recalls, conducted recalls of millions of vehicles after reports that several drivers experienced Sudden unintended acceleration, unintended acceleration. The recalls were to prevent a front driver's side Car mat, floor mat from sliding into the Automobile pedal, foot pedal well, causing the pedals to become trapped and to correct the possible mechanical sticking of the accelerator pedal. At least 37 were killed in crashes allegedly related to unintended acceleration, approximately 9 million cars and trucks were recalled, Toyota was sued for personal injuries and wrongful deaths, paid to settle a class action lawsuit to compensate owners for lost resale value, and paid a criminal penalty to the United States government over accusations that it had intentionally hid information about safety defects and had made deceptive statements to protect its brand image. Amid the unintended acceleration scandal, Katsuaki Watanabe stepped down as company president. He was replaced by Akio Toyoda, grandson of company founder Kiichiro Toyoda, on June 23, 2009. Akio had been with Toyota since 1984, working jobs in production, marketing and product development, and took a seat on the board of directors in 2000. Akio's promotion by the board marked the return of a member of the Toyoda family to the top leadership role for the first time since 1999.


2010s

In 2011, 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. On February 10, 2014, it was announced that Toyota would cease manufacturing vehicles and engines in Australia by the end of 2017. The decision was based on the unfavourable Australian dollar making exports not viable, the high cost of local manufacture, and the high amount of competition in a relatively small local market. The company planned to consolidate its corporate functions in Melbourne by the end of 2017, and retain its Altona plant for other functions. The workforce is expected to be reduced from 3,900 to 1,300. Both
Ford Motor Company Ford Motor Company (commonly known as Ford) is an American multinational automobile manufacturer headquartered in Dearborn, Michigan, United States. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobi ...
and
General Motors The General Motors Company (GM) is an American Multinational corporation, multinational Automotive industry, automotive manufacturing company headquartered in Detroit, Michigan, United States. It is the largest automaker in the United States and ...
(Holden) followed suit, ending Australian production in 2016 and 2017 respectively. The automaker narrowly topped global sales for the first half of 2014, selling 5.1 million vehicles in the six months ending June 30, 2014, an increase of 3.8% on the same period the previous year. Volkswagen AG, which recorded sales of 5.07 million vehicles, was close behind. 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 over the next 5 years into artificial intelligence and robotics research. In 2016, Toyota invested in Uber. In 2020, a corporate governance report showed that Toyota owns 10.25 million shares of Uber, which was valued at $292.46 million as of March 30, 2020. According to Reuters, this was roughly 0.6 per cent of Uber's outstanding shares. In March 2016, Toyota partnered with Yanmar to create a fiberglass pleasure boat using Yanmar outboard marine diesel engines or Toyota inboard engines. In August 2016, the company purchased all remaining assets of Daihatsu, making the manufacturer of small cars a wholly owned subsidiary of Toyota. On August 27, 2018, Toyota announced an investment of in Uber's autonomous cars.


2020s

By 2020, Toyota reclaimed its position as the largest automaker in the world, surpassing Volkswagen Group, Volkswagen. It sold 9.528 million vehicles globally despite an 11.3% drop in sales due to the COVID-19 pandemic. This includes subsidiaries
Daihatsu , commonly known as Daihatsu, is a Japanese automobile manufacturer and one of the oldest surviving Japanese internal combustion engine manufacturers. The company's headquarters are located in Ikeda, Osaka Prefecture. Historically, Daihatsu was ...
and
Hino Motors Hino Motors, Ltd., commonly known as Hino, is a Japanese manufacturer of commercial vehicles and diesel engines (including those for trucks, buses and other vehicles) headquartered in Hino, Tokyo. The company was established in 1942 as a corpo ...
. On April 2, 2020, BYD Auto, BYD and Toyota announced a new joint venture between the two companies called BYD Toyota EV Technology Co., Ltd., with the aim of "developing BEVs (Battery Electric Vehicles) that appeal to customers." In March 2021, Toyota, its subsidiary Hino, and Isuzu announced the creation of a strategic partnership between the three companies. Toyota acquired a 4.6% stake in Isuzu while the latter plans to acquire Toyota shares for an equivalent value. The three companies said they would form a new joint venture by April called Commercial Japan Partnership Technologies Corporation with the aim of developing fuel cell vehicle, fuel cell and electric vehicle, electric light trucks. Toyota would own an 80% stake in the venture while Hino and Isuzu would own 10% each. In April 2021, Toyota said that it will buy Lyft's self-driving technology unit for $550 million and merge it with its newly created Woven Planet Holdings automation division. In June 2021, the company defended its donations to United States Republican Party (United States), Republican lawmakers after they Attempts to overturn the 2020 United States presidential election, voted against certifying the results of the 2020 United States presidential election, 2020 presidential election, saying it did not believe it was "appropriate to judge members of Congress" for that one vote. A report by Axios (website), Axios found that Toyota was the top donor to 2020 election objectors, by a substantial margin. The company then reversed course in July 2021 and ceased donations to election objectors, releasing a statement saying it understood that its PAC's donations to those objectors, which far outpaced those of any other company, "troubled some stakeholders." In December 2021, Toyota announced that it would invest ($70 billion at 2021 exchange rate) in electric vehicles by 2030, launch 30 EV models worldwide by that year, and set a sales target of 3.5 million electric vehicles in 2030. Toyota will increase its software engineer intake to around 40% to 50% of all technical hires from the second quarter of 2022, the move plans to address a transformation to so-called CASE — connected, autonomous, Shared transport, shared and electric — technologies in an environment of intensifying global competition. In 2021, Toyota told some of its suppliers to increase their semiconductor inventory levels from the conventional three months to five months in response to the 2020-2021 global chip shortage, COVID-19 chip shortage. The Lean manufacturing, "just-in-time" supply chain in which parts are only delivered when necessary, had already been revised after the 2011 Tōhoku earthquake and tsunami, March 11, 2011, earthquake and tsunami in Japan, lifting inventories across the entire procurement network. The time it takes Toyota to turn over its inventory increased by around 40% during the past ten years, to 36.36 days . In August 2022, Toyota pledged up to $5.6 billion towards production of electric vehicle battery production and announced an increase in investment in its plant near Greensboro, North Carolina.


Senior leadership

* ''Chairman:'' Takeshi Uchiyamada (2013–present) * ''President:'' Akio Toyoda (2009–present)


List of former chairmen

#
Rizaburo Toyoda was a Japanese entrepreneur. He was the son-in-law of Toyota Industries Co., Ltd founder Sakichi Toyoda, and brother-in-law of Toyota Motor Corporation founder, His original surname was Kodama (児玉). He graduated from Hitotsubashi Univers ...
(1937–1941) # Kiichiro Toyoda (1941–1950) # Taizo Ishida (1950–1961) # Fukio Nakagawa (1961–1967) #
Eiji Toyoda was a Japanese industrialist. He was largely responsible for bringing Toyota Motor Corporation to profitability and worldwide prominence during his tenure as president and later, as chairman. He was succeeded as the president of Toyota by Shoi ...
(1967–1994) # Shoichiro Toyoda (1994–1999) # Hiroshi Okuda (1999–2006) #
Fujio Cho is honorary chairman of Toyota Motor Corporation. In the Japanese system, that puts him in charge of the country's and world's largest automaker. Chō is only the second "outsider" to head Toyota Motor Co. since the members of the founding To ...
(2006–2013)


List of former presidents

# Shoichiro Toyoda (1982–1992) # Tatsuro Toyoda (1992–1995) # Hiroshi Okuda (1995–1999) #
Fujio Cho is honorary chairman of Toyota Motor Corporation. In the Japanese system, that puts him in charge of the country's and world's largest automaker. Chō is only the second "outsider" to head Toyota Motor Co. since the members of the founding To ...
(1999–2005) # Katsuaki Watanabe (2005–2009)


Product line

As of 2009, Toyota officially lists approximately 70 different models sold under its namesake brand, including sedans, coupes, vans, trucks, hybrids, and crossovers. Many of these models are produced as passenger sedans, which range from the subcompact Toyota Yaris, compact Toyota Corolla, Corolla, to mid-size Camry and full-size Toyota Avalon, Avalon. Minivans include the Toyota Innova, Innova, Toyota Alphard, Alphard/Vellfire, Toyota Sienna, Sienna, and others. Several small cars, such as the Scion xB, xB and Scion tC, tC, were sold under the Scion (automobile), Scion brand.


SUVs and crossovers

Toyota SUV and crossover line-up grew quickly in the late 2010s to 2020s due to the market shift to SUVs. Toyota crossovers range from the subcompact Toyota Yaris Cross, Yaris Cross and Toyota C-HR, CH-R, compact Corolla Cross and Toyota RAV4, RAV4, to midsize Toyota Venza, Harrier/Venza and Toyota Kluger, Kluger/Highlander. Other crossovers include the Raize, Urban Cruiser. Toyota SUVs range from the midsize Toyota Fortuner, Fortuner to full-size Toyota Land Cruiser, Land Cruiser. Other SUVs include the Toyota Rush, Rush, Toyota Land Cruiser Prado, Prado, Toyota FJ Cruiser, FJ Cruiser, Toyota 4Runner, 4Runner, and Toyota Sequoia, Sequoia.


Pickup trucks

Toyota first entered the pickup truck market in 1947 with the Toyota SB, SB that was only sold in Japan and limited Asian markets. It was followed in 1954 by the Toyota RK, RK (renamed in 1959 as the Toyota Stout, Stout) and in 1968 by the compact Toyota Hilux, Hilux. With continued refinement, the Hilux (simply known as the Pickup in some markets) became famous for being extremely durable and reliable. Extended cab and crew cab versions were eventually added, and Toyota continues to produce them today under various names depending on the market in various cab lengths, with gasoline or diesel engines, and 2WD and 4WD versions. In North America, the Hilux became a major model for the company, leading the company to launch the Toyota Tacoma, Tacoma in 1995. The Tacoma was based on the Hilux, but with a design intended to better suit the needs of North American consumers who often use pickup trucks as personal vehicles. The design was a success and the Tacoma became the best-selling compact pickup in North America. After the success of its compact Hilux pickups in North America, Toyota decided to enter the full-size pickup market, which was traditionally dominated by domestic automakers. The company introduced the T100 for the 1993 US model year. The T100 had a full-size long bed, but suspension and engine characteristics were similar to that of a compact pickup. Sales were disappointing and the T100 was criticized for having a small V6 engine (especially compared to the V8 engines common in American full-size trucks), lacking an extended-cab version, being too small, and too expensive (because of the Chicken tax, 25% tariff on imported trucks). In 1995, Toyota added the more powerful V6 engine from the new Tacoma to the T100 and also added an extended cab version. In 1999, Toyota replaced the T100 with the larger
Tundra In physical geography, tundra () is a type of biome where tree growth is hindered by frigid temperatures and short growing seasons. The term ''tundra'' comes through Russian (') from the Kildin Sámi word (') meaning "uplands", "treeless mou ...
, which would be built in the US with a V8 engine and styling that more closely matched other American full-size trucks.


Luxury vehicles

In the Japanese home market, Toyota has two flagship models: the Crown premium sedan and the
Century A century is a period of 100 years. Centuries are numbered ordinally in English and many other languages. The word ''century'' comes from the Latin ''centum'', meaning ''one hundred''. ''Century'' is sometimes abbreviated as c. A centennial or ...
limousine. In the 1980s, Toyota wanted to expand its luxury car offerings but realized that existing Japanese-market flagship models had little global appeal and could not compete with established brands such as Mercedes-Benz, BMW and Jaguar or the Acura and Infiniti marquees being launched by Japanese competitors. Before the decade was out, Toyota introduced Lexus, a new division that was formed to market and service luxury vehicles in markets outside of Japan. The company developed the brand and its vehicles in secret since August 1983, at a cost of over US$1 billion. The Lexus LS#XF10, Lexus LS flagship full-size sedan debuted in 1989 to strong sales, and was largely responsible for the successful launch of the Lexus marque. Subsequently, the division added Sedan (car), sedan, coupé, Convertible (car), convertible and Sport utility vehicle, SUV models. The Lexus brand was introduced to the Japanese market in 2005, previously all vehicles marketed internationally as Lexus from 1989 to 2005 were released in Japan under the Toyota marque.


Buses

The Toyota Coaster is a minibus introduced in 1969 that seats 17 passengers. The Coaster is widely used in Japan, Singapore, Hong Kong, and Australia, but also in the developing world for minibus operators in Africa, the Middle East, South Asia, the Caribbean, and South America to operate as public transportation.


Technology


Hybrid electric vehicles

Toyota is the world's leader in sales of hybrid electric vehicles, one of the largest companies to encourage the mass-market adoption of hybrid vehicles across the globe, and the first to commercially mass-produce and sell such vehicles, with the introduction of the Toyota Prius in 1997. The company's series hybrid technology is called Hybrid Synergy Drive, and it was later applied to many vehicles in Toyota's product lineup, starting first with the Toyota Camry Hybrid, Camry and the technology was also brought to the luxury
Lexus is the luxury vehicle division of the Japanese automaker Toyota. The Lexus brand is marketed in more than 90 countries and territories worldwide and is Japan's largest-selling make of premium cars. It has ranked among the 10 largest Japanese ...
division. , Toyota Motor Corporation sells 44 Toyota and Lexus hybrid passenger car models in over 90 countries and regions around the world, and the carmaker has sold over 15 million hybrid vehicles since 1997. The Prius family is the world's top-selling hybrid gasoline-electric vehicle nameplate with almost 4 million units sold worldwide as of January 2017. Besides the Prius, Toyota's current hybrid lineup includes the Toyota Alphard, Alphard/Vellfire/Crown Vellfire, Toyota Avalon, Avalon, Toyota Aqua, Aqua, Camry, Toyota C-HR, C-HR/IZOA, Toyota Corolla, Corolla/Levin, Toyota Corolla Cross, Corolla Cross/Frontlander, Crown, Toyota Harrier, Harrier/Venza, Toyota Highlander, Highlander/Kluger/Crown Kluger, Toyota Noah, Noah/Voxy, Toyota Raize, Raize, Toyota RAV4, RAV4/Wildlander, Toyota Sequoia, Sequoia, Toyota Sienna, Sienna, Toyota Sienta, Sienta,
Tundra In physical geography, tundra () is a type of biome where tree growth is hindered by frigid temperatures and short growing seasons. The term ''tundra'' comes through Russian (') from the Kildin Sámi word (') meaning "uplands", "treeless mou ...
, Toyota Yaris, Yaris and Toyota Yaris Cross, Yaris Cross. The Lexus current hybrid lineup consists of the Lexus ES, ES, Lexus IS, IS, Lexus LC, LC, Lexus LM, LM, Lexus LS, LS, Lexus NX, NX, Lexus RC, RC, Lexus RX, RX, and Lexus UX, UX.


Plug-in hybrids

The Prius Plug-In Hybrid Concept was exhibited in late 2009, and shortly after, a global demonstration program involving 600 Pre-production car, pre-production test cars began. The vehicles were leased to fleet and government customers, and were equipped with data tracking devices to allow Toyota to monitor the car's performance. The vehicle was based on the Toyota Prius (XW30), third-generation Toyota Prius and outfitted with two additional Lithium-ion battery, lithium-ion batteries beyond the normal hybrid battery pack. The additional batteries were used to operate the car with minimal use of the internal combustion engine until they are depleted, at which point they are disengaged from the system. They are not used in tandem with the main hybrid battery pack. After the conclusion of the demonstration program, the production version of the Toyota Prius Plug-in Hybrid, Prius Plug-in Hybrid was unveiled in September 2011. The production Prius Plug-in had a maximum electric-only speed of , and the United States Environmental Protection Agency (EPA) rated the vehicle as having an range of in blended mode (mostly electric, but supplemented by the internal combustion engine). Toyota ultimately only did a small production run with 75,400 vehicles being produced between 2012 and 2016. The second-generation Prius Plug-in (renamed the Prius Prime in the US) was unveiled in early 2016. Unlike the prior generation, where the plug-in battery was limited by being added to the existing Prius, this model would be developed in tandem with the Toyota Prius (XW50), fourth-generation Prius, allowing Toyota to increase the range to , with a top speed of , without needing the assistance of the internal combustion engine. The second-generation Prius Plug-in went on sale starting in late 2016, with Toyota expecting to sell up to 60,000 units globally per year. ''Around 75,000 first generation Prius plug-ins have been sold since its launch in 2012.'' A second plug-in hybrid model, the Toyota RAV4 PHV (RAV4 Prime in the US) was unveiled in December 2019. The vehicle has an EPA-estimated of all-electric range and generates a combined , enabling it to be Toyota's second fastest car currently in production (behind the GR Supra 3.0 sports car). Sales started in mid-2020.


Battery electric vehicles

Toyota has been criticized for being slow to add battery electric vehicles to its lineup. It was publicly skeptical about battery-electric technology, and has lobbied against government mandates to transition to zero tailpipe emission vehicles. Toyota's first all-electric vehicle was made in response to one of those government mandates. The company created the first generation Toyota RAV4 EV after the California Air Resources Board mandated in the late 1990s that every automaker offer a zero-emissions vehicle. A total of 1,484 were leased and/or sold in California from 1997 to 2003, when the state dropped its mandate under legal pressure from lawsuits filed by automakers. At the lessees' request, many units were sold after the vehicle was discontinued. A second generation of the RAV4 EV was developed in 2010 as part of a deal with Tesla, Inc., Tesla. The production version was unveiled in August 2012, using battery pack, electronics and powertrain components from the Tesla Model S. The RAV4 EV had a limited production run which resulted in just under 3,000 vehicles being produced, before it was discontinued in 2014. According to Bloomberg News, the partnership between Tesla and Toyota was "marred by clashes between engineers". Starting in 2009, Toyota introduced three generations of concept electric vehicles called the FT-EV built on a modified Toyota iQ platform. In late-2012, the company announced plans build a production version of the car called the Toyota iQ EV (Scion iQ EV in the US, Toyota eQ in Japan), but ultimately production was cut back to 100 cars for special fleet use in Japan and the U.S. only. In late 2012, Toyota announced that it would back away from fully electric vehicles, after producing less than 5,000. At the time, the company's vice chairman, Takeshi Uchiyamada, said: "''The current capabilities of electric vehicles do not meet society's needs, whether it may be the distance the cars can run, or the costs, or how it takes a long time to charge''." Toyota's emphasis would be re-focused on the hybrids and hydrogen fuel cell vehicles. These early electric vehicles are widely considered as compliance cars, meaning that it is developed to meet California's zero-emissions standards for automakers. A shift in Toyota's formerly battery-agnostic posture could be seen as early as 2016, when Toyota's CFO Takahiko Ijichi “sent a strong signal that Toyota soon plans to jump on the battery bandwagon and make electric cars despite expressing skeptical views about their range and charging times,” as the Wall Street Journal wrote. Toyota said it would make and sell battery-electric vehicles if and where regulations and markets demand. A year later, Toyota outlined its electric-vehicle plans for between 2020 and 2030 to the press in Tokyo, saying it would introduce "more than 10" battery-electric vehicles worldwide by the early 2020s, beginning in China, and later in Japan, Europe, the US and India. In April 2019, Toyota introduced the Toyota C-HR EV, C-HR EV, its first mass-produced pure electric model in China along with an identical twin called the IZOA EV. It went on sale in April 2020 and May 2020 respectively. Nikkei reported in October 2020 that Toyota had only sold less than 2,000 units in the first eight months of the year. Toyota introduced the Toyota C+pod, C+pod in late 2020, a 2-seater
kei car Kei car (or , kanji: , "light automobile", ), known variously outside Japan as Japanese city car or Japanese microcar, is the Japanese vehicle category for the smallest highway-legal passenger cars with restricted dimensions and engine capaci ...
with an estimated range of and a top speed of . In April 2021, Toyota revealed the Toyota bZ4X, bZ4X, an electric crossover SUV that will be the first vehicle built on a dedicated electric platform called Toyota New Global Architecture#e-TNGA, e-TNGA when it goes on sale in mid-2022. It is the first model of the Toyota bZ series, bZ ("beyond Zero") series of battery electric vehicles. The company has also stated that there will be seven "bZ" models to be launched globally out of 15 BEV models by 2025. In December 2021, Toyota announced in Tokyo plans for 30 battery-electric models by 2030, to sell 3.5 million BEVs per year by that date, and that its premium-brand Lexus will be 100% battery-operated by 2030 in North America, Europe, and China. The company announced investments of $70 billion into the company's electrification. Toyota has been developing Solid-state battery, solid-state batteries in partnership with
Panasonic formerly between 1935 and 2008 and the first incarnation of between 2008 and 2022, is a major Japanese multinational conglomerate corporation, headquartered in Kadoma, Osaka. It was founded by Kōnosuke Matsushita in 1918 as a lightbulb ...
, in which the company has more than a thousand patents covering solid-state batteries by late 2020. The technology has been implemented on the Toyota LQ concept. Toyota hopes the technology could increase efficiency of battery electric vehicles by 30 percent, which in turn would reduce battery costs by the same amount.


Hydrogen fuel-cell

In 2002, Toyota began a development and demonstration program to test the Toyota FCHV, a hybrid vehicle, hybrid hydrogen vehicle, hydrogen fuel cell vehicle, fuel cell vehicle based on the Toyota Highlander production SUV. Toyota also built a FCHV bus based on the Hino Blue Ribbon City low-floor bus. Toyota has built several prototypes/concepts of the FCHV since 1997, including the Toyota FCHV-1, Toyota FCHV-2, FCHV-2, Toyota FCHV-3, FCHV-3, Toyota FCHV-4, FCHV-4, and Toyota FCHV-adv. The Toyota FCV-R fuel cell concept car was unveiled at the 2011 Tokyo Motor Show. The FCV-R sedan seats four and has a fuel cell stack including a 70 MPa high-pressure hydrogen tank, which can deliver a range of under the Japanese JC08 test, Japanese JC08 test cycle. Toyota said the car was planned for launch in about 2015. In August 2012, Toyota announced its plans to start retail sales of a hydrogen fuel-cell Sedan (automobile), sedan in California in 2015. Toyota expects to become a leader in this technology. The prototype of its first hydrogen fuel cell vehicle will be exhibited at the November 2013 Tokyo Motor Show#2013, Tokyo Motor Show, and in the United States at the January 2014 Consumer Electronics Show. Toyota's first hydrogen fuel-cell vehicles to be sold commercially, the Toyota Mirai (Japanese for "future"), was unveiled at the November Los Angeles Auto Show#2014, 2014 Los Angeles Auto Show. In January 2015, it was announced that production of the Mirai fuel cell vehicle would increase from 700 units in 2015 to approximately 2,000 in 2016 and 3,000 in 2017. Sales in Japan began on December 15, 2014, at a price of (~). The Japanese government plans to support the commercialization of fuel-cell vehicles with a subsidy of (~). Retail sales in the U.S. began in August 2015 at a price of before any government incentives. Initially, the Mirai will only be available in California. The market release in Europe is slated for September 2015, and initially will be available only in the UK, Germany, and Denmark, followed by other countries in 2017. Pricing in Germany starts at (~) plus VAT (). In 2015, Toyota released 5,600 patents for free use until 2020, hoping to promote global development of hydrogen fuel-cell technology.


Autonomous vehicles

Toyota is regarded as being behind in Self-driving car, smart car technology and in need of innovation. Although the company Toyota unveiled its first self-driving test vehicle in 2017, and has been developing its own self-driving technology named "Chauffeur" (intended for full self-driving) and "Guardian" (a driver assist system), neither of these has been introduced into any production vehicles. The company had set up a large research and development operation by 2018, spending almost US$4 billion to start an autonomous vehicle research institute in California's Silicon Valley and another ¥300 billion on a similar research institute in Tokyo that would partner with fellow Toyota Group companies and automotive suppliers Aisin Seiki and Denso. Toyota has also been collaborating with autonomous vehicle technology developers and, in some cases, purchasing the companies. Toyota has acquired the autonomous vehicle division of ride-hailing service Lyft for $550 million, invested a total of US$1 billion in competing ride-hailing service Uber's self-driving vehicle division, invested $400 million in autonomous vehicle technology company Pony.ai, and announced a partnership with Chinese electronics e-commerce company Cogobuy to build a "Smart Car Ecosystem." In December 2020, Toyota showcased the 20-passenger "e-Palette" Vehicular automation#Shared autonomous vehicles, shared autonomous vehicle, which was used at the 2021 Tokyo Olympic Games. Toyota has announced it intends to have the vehicle available for commercial applications before 2025. Since February 2021, Toyota has been building the sensor-laden "Woven City" which it calls a "175-acre high tech, sensor-laden metropolis" at the foot of Mount Fuji. When completed in 2024 the Woven City will be used to run tests on autonomous vehicles for deliveries, transport and mobile shops with the city's residents participating in the living laboratory experiment.


Motorsports

Toyota has been involved in many global motorsports series, providing vehicles, engines and other auto parts under both the Toyota and Lexus brands. Toyota Gazoo Racing (GR) is Toyota's performance brand that is used in many of the world's major motorsports contests. Toyota Gazoo Racing Europe, based in Cologne, Germany, competes in the FIA World Endurance Championship, while the Finland-based Toyota Gazoo Racing WRT participates in the World Rally Championship. Toyota Gazoo Racing SA, Toyota Gazoo Racing South Africa competes in the Dakar Rally. Between 2002 and 2009, the Toyota Racing (Formula One team), Toyota Racing team competed in
Formula One Formula One (also known as Formula 1 or F1) is the highest class of international racing for open-wheel single-seater formula racing cars sanctioned by the Fédération Internationale de l'Automobile (FIA). The World Drivers' Championship, ...
. Toyota won the 24 Hours of Le Mans in 2018 24 Hours of Le Mans, 2018, 2019 24 Hours of Le Mans, 2019 and 2020 24 Hours of Le Mans, 2020 with a Toyota TS050 Hybrid, and in 2021 24 Hours of Le Mans, 2021 with a Toyota GR010 Hybrid. Toyota Racing Development USA (TRD USA) is responsible for participation in major motorsports contests in the United States including NASCAR, NHRA, Indy Racing League and Formula Drift. Toyota also makes engines and other auto parts for other Japanese motorsports including Super Formula Championship, Super Formula, Super GT, Formula 3, and Toyota Racing Series.


Non-automotive activities


Aerospace

Toyota is a minority shareholder in Mitsubishi Aircraft Corporation, having invested in the new venture which will produce the Mitsubishi Regional Jet, slated for first deliveries in 2017. Toyota has also studied participation in the general aviation market and contracted with Scaled Composites to produce a proof of concept aircraft, the Toyota TAA-1, TAA-1, in 2002.


Pleasure boats

In 1997, building on a previous partnership with Yamaha Motor Company, Yamaha Marine, Toyota created "Toyota Marine", building private ownership motorboats, currently sold only in Japan. A small network in Japan sells the luxury craft at 54 locations, called the "Toyota Ponam" series, and in 2017, a boat was labeled under the Lexus brand name starting May 26, 2017.


Philanthropy

Toyota supports a variety of philanthropic work in areas such as education, conservation, safety, and disaster relief. Some of the organizations that Toyota has worked with in the US include the American Red Cross, the Boys & Girls Clubs of America, Boys and Girls Club, Leaders in Environmental Action for the Future (LEAF), and the National Center for Family Literacy. The Toyota USA Foundation exists to support education in the areas of science, technology, engineering, and mathematics. In addition, Toyota works with nonprofits to improve their processes and operations such as the Food Bank For New York City. Toyota also supports a variety of work in Japan. The Toyota Foundation takes a global perspective providing grants in the three areas of human and natural environments, social welfare, and education and culture.


Higher education

Toyota established the Toyota Technological Institute in 1981, as Sakichi Toyoda had planned to establish a university as soon as he and Toyota became successful. Toyota Technological Institute founded the Toyota Technological Institute at Chicago in 2003. Toyota is supporter of the Toyota Driving Expectations Program, Toyota Youth for Understanding Summer Exchange Scholarship Program, Toyota International Teacher Program, Toyota TAPESTRY, Toyota Community Scholars (scholarship for high school students), United States Hispanic Chamber of Commerce Internship Program, and Toyota Funded Scholarship. It has contributed to a number of local education and scholarship programs for the University of Kentucky,
Indiana Indiana () is a U.S. state in the Midwestern United States. It is the 38th-largest by area and the 17th-most populous of the 50 States. Its capital and largest city is Indianapolis. Indiana was admitted to the United States as the 19th ...
, and others.


Robotics

In 2004, Toyota showcased its trumpet-playing robot. Toyota has been developing multitask robots destined for elderly care, manufacturing, and entertainment. A specific example of Toyota's involvement in robotics for the elderly is the Brain Machine Interface. Designed for use with wheelchairs, it "allows a person to control an electric wheelchair accurately, almost in real-time", with his or her mind. The thought controls allow the wheelchair to go left, right, and forward with a delay between thought and movement of just 125 milliseconds. Toyota also played a part in the development of Kirobo, a 'robotic astronaut'. In 2017, the company introduced T-HR3, a humanoid robot with the ability to be remotely controlled. The robot can copy the motions of a connected person. The 2017 version used wires for the connection but the 2018 version used 5G from a distance up to 10 km.


Agricultural biotechnology

Toyota invests in several small start-up businesses and partnerships in biotechnology, including: * P.T. Toyota Bio Indonesia in Lampung, Indonesia * Australian Afforestation Pty. Ltd. in Western Australia and Southern Australia * Toyota Floritech Co., Ltd. in Rokkasho, Aomori, Rokkasho-Mura, Kamikita District, Aomori, Kamikita District, Aomori Prefecture * Sichuan Toyota Nitan Development Co., Ltd. in Sichuan, China * Toyota Roof Garden Corporation in Miyoshi, Aichi, Miyoshi-Cho, Aichi Prefecture


Sewing machine brand

Aisin, another member of the Toyota Group of companies, uses the same Toyota wordmark logo to market its home-use sewing machines. Aisin was founded by Kiichiro Toyoda after he founded the Toyota Motor Corporation. According to Aisin, he was so pleased with the first sewing machine, he decided to apply the same Toyota branding as his auto business, despite the companies being independent from each other.


Carbon removal

Toyota Ventures, along with JetBlue Technology Ventures and Parley for the Oceans, is among the corporate investors that have invested $40 million in the Air Company, a Carbon footprint, carbon negative vodka Liquor, distiller and perfume and hand sanitizer manufacturer that uses heterogeneous catalysis to Carbon capture and utilization, convert captured carbon into ethanol.


Controversies


Corrosion lawsuit

In November 2016, Toyota agreed to pay $3.4 billion to settle allegations that roughly one-and-a-half million of its Tacoma, Tundra, and Sequoia pickup trucks and SUVs had been outfitted with frames prone to corrosion and perforation. According to court papers, the corrosion could reach levels high enough to compromise the vehicle's structural integrity.


Death from overwork

On February 9, 2002, Kenichi Uchino, aged 30 years, a quality control manager, collapsed then died at work. On January 2, 2006, an unnamed chief engineer of the Toyota Camry, Camry Hybrid, aged 45 years, died from heart failure in his bed.


Fines for environmental breaches

In 2003, Toyota was fined $34M for violating the United States Clean Air Act. In January 2021, Toyota was fined $180M for violating U.S. emissions regulations from 2005 to 2015. At the time, this was the biggest civil penalty ever levied for violating United States Environmental Protection Agency emission reporting requirements.


2009–2011 unintended acceleration recalls

Between 2009 and 2011 Toyota, under pressure from the U.S. National Highway Traffic Safety Administration (NHTSA), conducted recalls of millions of vehicles after reports that several drivers experienced Sudden unintended acceleration, unintended acceleration. The first recall, in November 2009, was to prevent a front driver's side Car mat, floor mat from sliding into the Automobile pedal, foot pedal well, causing the pedals to become trapped. The second recall, in January 2010, was begun after some crashes were shown not to have been caused by floor mats and may be caused by possible mechanical sticking of the accelerator pedal. Worldwide, approximately 9 million cars and trucks were impacted by the recalls. NHTSA received reports of a total of 37 deaths allegedly related to unintended acceleration, although an exact number was never verified. As a result of the problems, Toyota faced nearly 100 lawsuits from the families of those killed, drivers who were injured, vehicle owners who lost resale value, and investors who saw a drop in the value of their shares. While most of the personal injury and wrongful death lawsuits were settled confidentially, Toyota did spend more than to settle a class action lawsuit to compensate owners for lost resale value, and the company agreed to pay a criminal penalty to the United States government over accusations that it had intentionally hid information about safety defects from the public and had made deceptive statements to protect its brand image. The penalty was the largest ever levied against a car company.


Takata airbag recalls

Toyota, like nearly every other automobile manufacturer, was impacted by the recall of faulty airbag inflators made by Takata. The inflators can explode, shooting metal fragments into the vehicle cabin. Millions of vehicles produced between 2000 and 2014 were impacted by the recall, with some needing multiple repairs.


June 2010 Chinese labour strike

On June 21, 2010, a 2010 Chinese labour unrest#Honda, Chinese labor strike happened in Tianjin Toyoda Gosei Co, Tianjin. Toyoda Gosei Co supplies parts to Tianjin FAW, Tianjin FAW Toyota Motor Co.


Opposition to California's fuel efficiency standards

In October 2019, Toyota backed the Trump Administration's proposal that federal authority should override California's ability to set its own emissions standards for automobiles. The proposal would reduce California's 2025 fuel efficiency standard from about 54.5 to 37 MPG. This shift by Toyota away from fuel efficiency damaged the company's reputation as a green brand.


Greenwashing controversies

Toyota has repeatedly been the subject of
greenwashing Greenwashing (a compound word modeled on "whitewash"), also called "green sheen", is a form of advertising or marketing spin in which green PR and green marketing are deceptively used to persuade the public that an organization's products, aim ...
controversies, owing to their criticism of electric cars, while promoting hydrogen and hybrid vehicles – with the manner in which they have advertised and marketed hybrid vehicles causing particular consternation. Toyota President, Akio Toyoda, has made repeated statements about electric cars, claiming that they are "overhyped" and that "the more EVs we build, the worse carbon dioxide gets." This stance has led Transport & Environment to rank Toyota as the least ready OEM to transition to battery electric vehicles by 2030, stating: "Toyota has not set a target for 2030 and it plans to produce just 10% BEVs in 2025. It is expected to rely on polluting hybrid technologies." Alongside their commitment to hybrid vehicles, Toyota has repeatedly stated its commitment to producing hydrogen cars, claiming that they will be the future of the company. Many journalists and environmental activists have accused Toyota of greenwashing due to their stance on hydrogen vehicles in the face of clear evidence that they are considerably less efficient than battery electric cars, and will create more greenhouse gas emissions due to energy-intensity of the hydrogen extraction process.


Self-charging hybrids

In 2019, Toyota launched a global campaign for its self-proclaimed ‘self-charging hybrid’ vehicles, which use fossil fuel to charge the on-board batteries in their cars, rather than using an external electricity source, as with plug-in hybrids. The language around ‘self-charging’ hybrids caused much consumer criticism that this was misleading, as the vehicles did not self-charge, but instead required users to input fossil fuels, and these vehicles could not run on electric power alone – as was made clear during the COVID-19 pandemic, when Toyota contacted the owners of these vehicles to inform them of the need to regularly refuel the vehicles with fossil fuels. Complaints about self-charging hybrid advertising were recorded in multiple countries, and in 2020 the Norwegian Consumer Authority banned the adverts outright in Norway for misleading consumers, stating: “It is misleading to give the impression that the power to the hybrid battery is free of charge, since the electricity produced by the car has consumption of gasoline as a necessary condition.”. Later in 2020, a study by European Federation for Transport and Environment, Transport & Environment concluded that real-world emissions from hybrid vehicles were, on average, over two and a half times those of official test values. Another report found that even the most efficient hybrid vehicles produce at least 40-70% of the emissions of a petrol or diesel car, and will have created 15% more emissions in its manufacturer than a battery electric vehicle would have. As the world's biggest producer and marketer of hybrid vehicles, Toyota has attracted the greatest attention in the wake of these reports, given that the Japanese manufacturer plans to increase hybrid production at a time when most major manufacturers are switching to solely producing electric vehicles by 2035 due to the contribution of cars to the Climate crisis. This was compounded in early 2021, when Toyota was fined a record $180 million for failing to comply with the Clean Air Act (United States), Clean Air Act’s emissions reporting requirements from 2005 to 2015.


Misleading marketing

Toyota has also drawn negative attention for its marketing campaigns, which use studies funded by the manufacturer to substantiate claims about the efficiency of their vehicles. An exposé by IrishEVs found that Toyota Ireland had paid University College Dublin to conduct a study of just seven cars over seven days to make claims about the efficiency of their hybrid vehicles. Furthermore, Toyota Ireland had consistently used funded polls to substantiate claims about their emissions, and their perception as a “leading brand tackling climate change in Ireland.” No data or evidence was offered to validate these claims.


Electric cars recall

In June 2022, Toyota recalled 2,700 of its first mass-produced all-electric vehicles due to worries that their wheels could fall off during the drive. It was discovered that the bolts on the bZ4X's wheels can loosen up to the point where the wheel simply detaches from the car, causing the loss of control over the vehicle and possible accidents.


Corporate affairs

Toyota is headquartered in the city of Toyota, Aichi, Toyota, which was named Koromo until 1951, when it changed its name to match the automaker. Toyota City is located in the Aichi Prefecture of Japan. The main headquarters of Toyota is located in a four-story building that has been described as "modest". In 2013, company CEO Akio Toyoda reported that it had difficulties retaining foreign employees at the headquarters due to the lack of amenities in the city. Surrounding the headquarters are the 14-story Toyota Technical Center and the Honsha plant (which was established in 1938). Toyota and its Toyota Group affiliates operate a total of 17 manufacturing facilities in Aichi Prefecture and a total of 32 plants in Japan. Toyota also operates offices in Bunkyo, Tokyo, and Nakamura-ku, Nagoya.


Worldwide presence

Outside of Japan, as one of List of manufacturers by motor vehicle production, the world's largest automotive manufacturer by production volume, Toyota List of Toyota manufacturing facilities, has factories in most parts of the world. The company assembles vehicles in Argentina, Belgium, Brazil, Canada, Colombia, the Czech Republic, France, Indonesia, Mexico, the Philippines, Poland, Russia, South Africa, Thailand, Turkey, the United Kingdom, the United States, and Venezuela. Additionally, the company also has joint venture, licensed, or contract factories in China, France, India, Malaysia, Pakistan, Taiwan, the United States, and Vietnam.


North America

Toyota Motor North America is headquartered in Plano, Texas, and operates as a holding company for all operations of the Toyota Motor Corporation in Canada, Mexico, and the United States. Toyota's operations in North America began on October 31, 1957, and the current company was established in 2017 from the consolidation of three companies: Toyota Motor North America, Inc., which controlled Toyota's corporate functions; Toyota Motor Sales, U.S.A., Inc. which handled marketing, sales, and distribution in the United States; and Toyota Motor Engineering & Manufacturing North America which oversaw operations at all assembly plants in the region. While all three companies continue to exist in legal name, they operate as one company out of one headquarters campus. Toyota has a large presence in the United States with six major assembly plants in Huntsville, Alabama, Georgetown, Kentucky, Princeton, Indiana, San Antonio, Texas, Buffalo, West Virginia, and Blue Springs, Mississippi. In 2018, Toyota and Mazda announced a joint venture plant that will produce vehicles in Huntsville, Alabama, starting in 2021. It has started producing larger trucks, such as the new Tundra, to go after the full-size pickup market in the United States. Toyota is also pushing
hybrid electric vehicle A hybrid electric vehicle (HEV) is a type of hybrid vehicle that combines a conventional internal combustion engine (ICE) system with an Electric motor, electric propulsion system (hybrid vehicle drivetrain). The presence of the electric powertr ...
in the US such as the Prius, Camry Hybrid, Highlander Hybrid, and various Lexus products. Currently, Toyota has no plans to offer diesel motor options in its North American products, including pickup trucks. Toyota Canada Inc., which is part of Toyota Motor North America, handles marketing, sales, and distribution in Canada. Toyota Motor Manufacturing Canada operates three assembly plants: two in Cambridge, Ontario and one in Woodstock, Ontario. In 2006, Toyota's subsidiary
Hino Motors Hino Motors, Ltd., commonly known as Hino, is a Japanese manufacturer of commercial vehicles and diesel engines (including those for trucks, buses and other vehicles) headquartered in Hino, Tokyo. The company was established in 1942 as a corpo ...
opened a heavy duty truck plant, also in Woodstock, employing 45 people and producing 2,000 trucks annually.


Europe/Western Asia

Toyota Motor Europe is headquartered in Brussels, Belgium, and oversees all operations of the Toyota Motor Corporation in Europe and western Asia. Toyota's operations in Europe began in 1963. Toyota has a significant presence in Europe with nine production facilities in Kolín, Kolín, Czech Republic, Burnaston, Burnaston, England, Deeside, Deeside, England, Onnaing, Onnaing, France, Jelcz-Laskowice, Jelcz-Laskowice, Poland, Wałbrzych, Wałbrzych, Poland, Ovar, Ovar, Portugal, Saint Petersburg, Saint Petersburg, Russia, and Arifiye, Arifiye, Turkey. Toyota also operates a joint venture plant with
Citroën Citroën () is a French automobile brand. The "Automobiles Citroën" manufacturing company was founded in March 1919 by André Citroën. Citroën is owned by Stellantis since 2021 and previously was part of the PSA Group after Peugeot acquired 8 ...
and Peugeot in Valenciennes, Valenciennes, France.


Australia

In 1963, Australia was one of the first countries to assemble Toyotas outside Japan. However, in February 2014, Toyota was the last of Australia's major automakers to announce the end of production in Australia. The closure of Toyota's Australian plant was completed on October 3, 2017, and had produced a total 3,451,155 vehicles. At its peak in October 2007, Toyota manufactured 15,000 cars a month. Before Toyota, Ford and GM's Holden had announced similar moves, all citing an unfavorable currency and attendant high manufacturing costs.


Financials

Toyota is publicly traded on the Tokyo Stock Exchange, Tokyo, Osaka Stock Exchange, Osaka, Nagoya Stock Exchange, Nagoya, Fukuoka, and Sapporo exchanges under company code . In Japan, Toyota's stock is a component of the
Nikkei 225 The Nikkei 225, or , more commonly called the ''Nikkei'' or the ''Nikkei index'' (), is a stock market index for the Tokyo Stock Exchange (TSE). It has been calculated daily by the '' Nihon Keizai Shimbun'' (''The Nikkei'') newspaper since 19 ...
and TOPIX, TOPIX Core30 indices. In addition, Toyota is foreign-listed on the
New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its liste ...
under and on the
London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...
under . Toyota has been publicly traded in Japan since 1949 and internationally since 1999.


Company strategy


The Toyota Way

The Toyota Way is a set of principles and behaviors that underlie the company's approach to management and production (which is further defined as the
Toyota Production System The Toyota Production System (TPS) is an integrated socio-technical system, developed by Toyota, that comprises its management philosophy and practices. The TPS is a management system that organizes manufacturing and logistics for the automobile ...
). The company has been developing its corporate philosophy since 1948 and passing it on as implicit knowledge to new employees, but as the company expanded globally, leaders officially identified and defined the Toyota Way in 2001. Toyota summarized it under two main pillars: continuous improvement and respect for people. Under the continuous improvement pillar are three principles: challenge (form a long-term vision), kaizen (a continual improvement process), and Genchi Genbutsu, genchi genbutsu ("go and see" the process to make correct decisions). Under the respect for people pillar are two principles: respect and teamwork. In 2004, Dr. Jeffrey Liker, a University of Michigan professor of industrial engineering, published ''The Toyota Way''. In his book, Liker calls the Toyota Way "a system designed to provide the tools for people to continually improve their work." According to Liker, there are 14 principles of The Toyota Way that can be organized into four themes: (1) long-term philosophy, (2) the right process will produce the right results, (3) add value to the organization by developing your people, and (4) continuously solving root problems drives organizational learning. The 14 principles are further defined The Toyota Way, in the Wikipedia article on The Toyota Way.


Toyota Production System

The Toyota Way also helped shape the company's approach to production, where it was an early pioneer of what would be come to be known as
lean manufacturing Lean manufacturing is a production method aimed primarily at reducing times within the production system as well as response times from suppliers and to customers. It is closely related to another concept called just-in-time manufacturing (J ...
. The company defines the Toyota Production System under two main pillars: Just-in-time manufacturing, just-in-time (make only what is needed, only when it is needed, and only in the amount that is needed) and Jidoka (automation with a human touch). The origin of the Toyota Production System is in dispute, with three stories of its origin: (1) that during a 1950 trip to train with the
Ford Motor Company Ford Motor Company (commonly known as Ford) is an American multinational automobile manufacturer headquartered in Dearborn, Michigan, United States. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobi ...
, company executives also studied the Just-in-time (business), just-in-time distribution system of the grocery store company Piggly-Wiggly, (2) that they followed the writings of W. Edwards Deming, and (3) they learned the principles from a WWII US government training program (Training Within Industry). After developing the Toyota Production System in its own facilities, the company began teaching the system to its parts suppliers in the 1990s. Other companies were interested in the instruction, and Toyota later started offering training sessions. The company also has donated the training to non-profit groups to increase their efficiency and thus ability to serve people.


Logo and branding

In 1936, Toyota entered the passenger car market with its Model AA and held a competition to establish a new logo emphasizing speed for its new product line. After receiving 27,000 entries, one was selected that additionally resulted in a change of its moniker to "Toyota" from the family name "Toyoda", which means rice paddy. The new name was believed to sound better, and its eight-stroke count in the Japanese language was associated with wealth and good fortune. The original logo was a heavily stylized version of the
katakana is a Japanese syllabary, one component of the Japanese writing system along with hiragana, kanji and in some cases the Latin script (known as rōmaji). The word ''katakana'' means "fragmentary kana", as the katakana characters are derived f ...
characters for Toyota (). As the company started to expand internationally in the late 1950s, the katakana character logo was supplemented by various wordmarks with the English form of the company name in all capital letters, "TOYOTA." Toyota introduced a worldwide logo in October 1989 to commemorate the 50th year of the company, and to differentiate it from the newly released luxury Lexus brand. The logo consists of three ovals that combine to form the letter "T", which stands for Toyota. Toyota says that the overlapping of the two perpendicular ovals inside the larger oval represents the mutually beneficial relationship and trust between the customer and the company while the larger oval surrounding both of these inner ovals represents the "global expansion of Toyota's technology and unlimited potential for the future". The new logo started appearing on all printed material, advertisements, dealer signage, and most vehicles in 1990. In countries or regions using traditional Chinese characters, e.g. Hong Kong and Taiwan, Toyota is known as "豐田". In countries using simplified Chinese characters (e.g. China and Singapore), Toyota is written as "丰田" (pronounced as ''Fēngtián'' in Standard Chinese, Mandarin Chinese and ''Hɔng Tshan'' in Southern Min, Minnanese). These are the same characters as the founding family's name "Toyoda" in Japanese. Toyota still uses the katakana character logo as its corporate emblem in Japan, including on the headquarters building, and some special edition vehicles still use the "TOYOTA" wordmark on the grille as a nod to the company's heritage. On July 15, 2015, the company was delegated its own generic top-level domain, .toyota.


Sports sponsorships

Toyota sponsors several teams and has purchased naming rights for several venues, and even competitions, including: * Toyota Alvark Tokyo, basketball team * Intercontinental Cup (football), Toyota Cup * Toyota Center, Houston, Texas * Toyota Center (Kennewick), Toyota Center, Kennewick, Washington * Toyota Field, San Antonio, Texas * Toyota Park, Bridgeview, Illinois * Toyota Sports Center, El Segundo, California * Toyota Stadium (Georgetown, Kentucky), Toyota Stadium, Georgetown, Kentucky * Toyota Stadium (Texas), Toyota Stadium, Frisco, Texas , Toyota is an official sponsor of Cricket Australia, the England and Wales Cricket Board and the Australian Football League, AFL. In March 2015, Toyota became a sponsor partner for the Olympic Games, in the form of supplying vehicles and communications between vehicles until 2024.


See also

* List of Toyota engines * List of Toyota manufacturing facilities * List of Toyota transmissions * List of Toyota vehicles * Nagoya Grampus, formerly the company's association football, football club and still sponsored by them * Toyota model codes * Toyota Verblitz, the company's rugby union, rugby team * Toyota War, a conflict between Libya and Chad which saw a heavy use of Toyota's pickup trucks.


References


External links

* {{Authority control Toyota, 1940s initial public offerings Belgian Royal Warrant holders Car brands Car manufacturers of Japan Companies based in Aichi Prefecture Companies listed on the Fukuoka Stock Exchange Companies listed on the London Stock Exchange Companies listed on the Nagoya Stock Exchange Companies listed on the New York Stock Exchange Companies listed on the Tokyo Stock Exchange Conglomerate companies established in 1937 Conglomerate companies of Japan Defense companies of Japan Diesel engine manufacturers Electric vehicle manufacturers of Japan Engine manufacturers of Japan Japanese brands Japanese companies established in 1937 Japanese Imperial Warrant holders Luxury motor vehicle manufacturers Marine engine manufacturers Military vehicle manufacturers Motor vehicle engine manufacturers Motor vehicle manufacturers of Japan Multinational companies headquartered in Japan Robotics companies of Japan Sewing machine brands Technology companies established in 1937 Toyota Group Toyota, Aichi Vehicle manufacturing companies established in 1937