Toyota
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225954778
2008-07-16T04:56:12Z
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No bearing on Toyota Motors
{{Infobox_Company |
| company_name = Toyota Motor Corporation<br><small>''Toyota Jidosha Kabushiki-gaisha''<br>トヨタ自動車株式会社</small>
| company_logo = [[Image:Toyota.svg|250px|Toyota Motor Corporation logo]]<br> Moving Forward
| company_type = [[Public company|Public]] ({{tyo|7203}}
| foundation = 1937
| founder = [[Kiichiro Toyoda]]
| location = {{flagicon|Japan}} [[Toyota, Aichi|Aichi]], [[Nagoya]] and [[Tokyo]], [[Japan]]
| key_people = Kiichiro Toyoda (Founder),<br>[[Fujio Cho]] ([[Chairman]] and Representative Director),<br>[[Katsuhiro Nakagawa]] ([[Vice chairman]] and Representative Director),<br>[[Katsuaki Watanabe]] ([[President]] and Representative Director),<br>[[Shoichiro Toyoda]] (Honorary Chairman)<ref>[http://www.toyota.co.jp/en/about_toyota/executives/index.html TOYOTA: Company > Company Profile<!-- Bot generated title -->]</ref>
| industry =
[[Automotive]]
[[Robotics]]
[[Financial services]]
[[Biotechnology]]
| num_employees = 299,394<ref>[http://biz.yahoo.com/ic/41/41889.html Toyota Motor Corporation Company Profile - Yahoo! Finance<!-- Bot generated title -->]</ref>
| products = Economy/mainstream/luxury [[automobile|vehicles]]
| subsid = 522
<!-- overlap (main article)
[[Toyota Financial Services]]
[[Daihatsu Motor Co., Ltd.]]
[[DENSO]]
[[Toyota Industries]] -->
| net_income = {{profit}} [[USD]] $13.93 billion
| revenue = {{profit}} [[USD]] $202.86 billion
| profit = {{profit}} ¥1.64 trillion (+19.8%) ([[United States|U.S.]]) (2007)
| homepage = [http://www.toyota.co.jp/ Toyota.co.jp]
}}
{{nihongo|'''Toyota Motor Corporation'''|トヨタ自動車株式会社| Toyota Jidosha [[Kabushiki kaisha|Kabushiki-gaisha]]}} (pronounced [to-yo-ta]) is a [[multinational corporation]] headquartered in [[Japan]], and is the world's largest [[automaker]].<ref>[http://www.nytimes.com/2008/04/24/business/worldbusiness/24auto.html?_r=1&ref=business&oref=slogin G.M. Says Toyota Has Lead in Global Sales Race - New York Times<!-- Bot generated title -->]</ref><ref>[http://usnews.rankingsandreviews.com/cars-trucks/daily-news/080424-Toyota-Claims-World-s-Best-Selling-Automaker-Title/ Toyota Claims World's Best-Selling Automaker Title - U.S. News Rankings and Reviews<!-- Bot generated title -->]</ref> In terms of name recognition, Toyota is also the only car manufacturer to appear in the top 15 of the [[BrandZ|BrandZ name recognition ranking]].
In 1934, while still a department of [[Toyota Industries]], it created its first product [[Toyota Type A engine|Type A engine]] and its first passenger car (the [[Toyota AA]]) in 1936. The company was founded in 1937 by [[Kiichiro Toyoda]] as a spinoff from [[Sakichi Toyoda|his father's]] company [[Toyota Industries]] to create [[automobile]]s. Toyota also owns and operates [[Lexus]] and [[Scion (automobile)|Scion]] brands and has a majority shareholding in [[Daihatsu]] Motors <ref>http://www.hino.co.jp/e/pressrelease/press.htmhl</ref>, and minority shareholdings in [[Fuji Heavy Industries]], Isuzu Motors, and the engine, motorcycle and marine craft manufacturer Yamaha Motors. The company includes 522 [[subsidiaries]].<ref>[http://ap.google.com/article/ALeqM5gsz39lpYrNG7OiKs3FJt6jhV6NEwD8UHQOVG1]{{Dead link|date=March 2008}}</ref>
<!--Toyota planned to produce 9.51 million and sold 9.37 million vehicles in 2007. It they are able to fulfill their goal of producing 9.95 million and selling 9.85 million vehicles in 2008, they will set a new industry record.<ref>http://www.nytimes.com/2007/12/26/business/26toyota.html?ref=business</ref> -->
Toyota is headquartered in [[Toyota, Aichi|Aichi]], [[Nagoya]] and in [[Tokyo]]. In addition to manufacturing automobiles, Toyota provides [[financial services]] through its [[division]] [[Toyota Financial Services]] and also creates robots. Toyota Industries and Finance divisions form the bulk of the [[Toyota Group]], one of the largest conglomerates in the world.
==Name==
Toyota is named after the lastname of the company's founder [[Kiichiro Toyoda]]. The company was originally named "Toyoda" but changed it to "Toyota" to make it rhyme better with two "t"s.
==History==
[[Image:67 p5 L.jpg|thumb|left|200px|Toyota automatic loom (Type G)]]
[[Image:Toyota Model AA.jpg|thumb|200px|left|Replica of the [[Toyota AA|Toyota Model AA]], the first production model of Toyota in 1936]]
In 1933, Toyoda Automatic Loom Works created a new division devoted to the production of automobiles under the direction of the founder's son, Kiichiro Toyoda. Kiichiro Toyoda had traveled to Europe and the United States in 1929 to investigate automobile production and had begun researching gasoline-powered engines in 1930.<ref>[http://www.toyota.co.jp/en/history/1867.html Toyota Company History from 1867 to 1939]</ref> Toyoda Automatic Loom Works was encouraged to develop automobile production by the Japanese government, which needed domestic vehicle production partly due to the worldwide money shortage and partly due to the war with China.<ref name=toyoland/> In 1934, the division produced its first [[Toyota Type A engine|Type A Engine]], which was used in the first Model [[Toyota A1|A1]] passenger car in May 1935 and the [[Toyota G1|G1]] truck in August 1935. Production of the [[Toyota AA|Model AA]] passenger car started in 1936. Early vehicles bear a striking resemblance to the [[Dodge]] [[Power Wagon]] and [[Chevrolet]], with some parts actually interchanging with their American originals.<ref name=toyoland>[http://www.toyoland.com/history.html Toyota corporate history/Toyoland]</ref>
Although the Toyota Group is best known today for its cars, it is still in the [[textile]] business and still makes automatic [[loom]]s, which are now computerized, and electric [[sewing machine]]s which are available worldwide.
Toyota Motor Co. was established as an independent and separate company in 1937. Although the founding family's name is Toyoda (豊田), the company name was changed in order to signify the separation of the founders' work life from home life, to simplify the pronunciation, and to give the company a happy beginning. ''Toyota'' (トヨタ) is considered luckier than ''Toyoda'' (豊田) in Japan, where eight is regarded as a lucky number, and eight is the number of strokes it takes to write ''Toyota'' in [[katakana]].<ref name=toyoda>[http://query.nytimes.com/gst/fullpage.html?res=990CE6D7173DF932A2575BC0A963958260 "Toyota Names President Outside Founding Family"], Andrew Pollack, ''[[The New York Times]]'', [[August 11]], [[1995]]</ref> In [[Chinese language|Chinese]], the company and its vehicles are still referred to by the equivalent characters ({{zh-tsp|t=豐田|s=丰田|p=fēng tián}}), with Chinese reading.
During the [[Pacific War]] (World War II) the company was dedicated to truck production for the [[Imperial Japanese Army]]. Because of severe shortages in [[Japan]], military trucks were kept as simple as possible. For example, the trucks had only one headlight on the center of the hood. The war ended shortly before a scheduled [[Allies|Allied]] bombing run on the Toyota factories in [[Aichi prefecture|Aichi]].
[[Image:1957 Toyota Crown 01.jpg|thumb|200px|right|1957 Toyopet Crown]]
After the war, commercial passenger car production started in 1947 with the model [[Toyota SA|SA]]. In 1950, a separate sales company, Toyota Motor Sales Co., was established (which lasted until July 1982). In April 1956, the Toyopet dealer chain was established. The following year, the [[Toyota Crown]] became the first Japanese car to be exported to the [[United States of America|United States]] and Toyota's American and [[Brazil]]ian divisions, ''Toyota Motor Sales Inc.'' and ''Toyota do Brasil S.A.'', were also established.
Toyota began to expand in the 1960s with a new research and development facility, a presence in [[Thailand]] was established, the 10 millionth model was produced, a [[Deming Prize]] and partnerships with [[Hino Motors, Ltd.|Hino Motors]] and [[Daihatsu]] were also established. The first Toyota built outside Japan was in April 1963, at Port Melbourne in [[Australia]].<ref>[http://www.worldcarfans.com/5060605.001/historic-toyota-port-melbourne-plant-ends-operations-au Historic Toyota Port Melbourne Plant Ends Operations (AU)]</ref> By the end of the decade, Toyota had established a worldwide presence, as the company had exported its one-millionth unit.
With high gas prices and a weak US economy in the summer of 2008, Toyota reported a double-digit decline in sales for the month of June, similar to figures reported by the [[Big Three automobile manufacturers|Detroit Big Three]]. For Toyota, these were attributed mainly to slow sales of its [[Toyota Tundra|Tundra pickup]], as well as shortages of its fuel-efficient vehicles such as the [[Prius]], [[Corolla]] and [[Yaris]]. In response, the company has announced plans to idle its truck plants, while shifting production at other facilities to manufacture in-demand vehicles.<ref>[http://www.detnews.com/apps/pbcs.dll/article?AID=/20080709/AUTO01/807090377/1148]</ref><ref>[http://www.time.com/time/business/article/0,8599,1822123,00.html]</ref><ref>[http://www.freep.com/apps/pbcs.dll/article?AID=/20080708/BUSINESS06/807080366/1019/BUSINESS]</ref><ref>[http://www.nytimes.com/2008/07/11/business/worldbusiness/11toyota.html?em&ex=1216008000&en=e057635b33b58e68&ei=5087%0A]</ref>
== Company overview ==
[[Image:TOYOTA i-unit.jpg|thumb||220px|Concept [[Toyota i-unit|i-unit]]]]
[[Image:Toyotaconceptgfdl.jpg|thumb|220px|Concept [[Toyota PM|PM]]]]
The Toyota Motor Company was awarded its first Japanese Quality Control Award at the start 1970s and began participating in a wide variety of [[Toyota Motor Corporation#Motorsport history|Motorsport]]s. Due to the [[1973 oil crisis]] consumers in the lucrative U.S. market began turning to small cars with better fuel economy. American car manufacturers had considered small economy cars to be an "entry level" product, and their small vehicles were not made to a high level of quality in order to keep the price low. Japanese customers, however, had a long-standing tradition of demanding small fuel-efficient cars that were manufactured to a high level of quality. Because of this, companies like Toyota, [[Honda]], and [[Nissan]] established a strong and growing presence in North America in the 1970s.
In 1982, the Toyota Motor Company and Toyota Motor Sales merged into one company, the Toyota Motor Corporation. Two years later, Toyota entered into a joint venture with GM called [[NUMMI]], the ''New United Motor Manufacturing, Inc,'' operating an automobile manufacturing plant in Fremont, California. The factory was an old General Motors plant that had been closed for several years. Toyota then started to establish new brands at the end of the 1980s, with the launch of their luxury division [[Lexus]] in 1989.
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 [[Toyota T100|T100]] (and later the [[Toyota Tundra]]), several lines of SUVs, a sport version of the [[Toyota Camry|Camry]], known as the [[Toyota Solara|Camry Solara]], and the [[Scion (car)|Scion]] brand, a group of several affordable, yet sporty, automobiles targeted specifically to young adults. Toyota also began production of the world's best selling hybrid car, the [[Toyota Prius]], in 1997.
With a major presence with Europe, due to the success of [[Toyota Team Europe]], the corporation decided to set up [[TMME]], ''Toyota Motor Europe Marketing & Engineering'', to help market vehicles in the continent. Two years later, Toyota set up a base in the [[United Kingdom]], ''[[TMUK]]'', as the company's cars had become very popular among British drivers. Bases in [[Indiana]], [[Virginia]] and [[Tianjin]] were also set up. In 1999, the company decided to list itself on the [[New York Stock Exchange|New York]] and [[London Stock Exchange]].
[[Image:Toyota-Corolla-S.jpg|thumb|right|220px|With over 30 million sold, the [[Toyota Corolla]] is one of the best selling cars in the world.]]
In 2001, Toyota's [[Toyo Trust and Banking]] merged to form the [[UFJ]], ''United Financials of Japan'', which was accused of corruption by the Japan's government for making bad loans to alleged [[Yakuza]] crime syndicates with executives accused of blocking Financial Service Agency inspections.<ref>[http://www.japantimes.co.jp/weekly/news/nn2005/nn20050430a4.htm Ex-UFJ Execs].''Japan Times Weekly'': April 30, 2005.</ref> The UFJ was listed among ''Fortune Magazine's'' largest money-losing corporations in the world, with Toyota's chairman serving as a director.<ref>[http://biz.yahoo.com/ic/52/52290.html UFJ Holdings Inc., company profile] ''Yahoo Finance''. Retrieved on May 8, 2007.</ref> At the time, the UFJ was one of the largest shareholders of Toyota. As a result of Japan's banking crisis, the UFJ was merged again to become [[Mitsubishi UFJ]] Financial Group.
In 2002, Toyota managed to enter a [[Formula One]] works team and establish joint ventures with [[France|French]] motoring companies [[Citroën]] and [[Peugeot]], a year after Toyota started producing cars in France.
On [[December 7]], [[2004]], a U.S. press release was issued stating that Toyota would be offering [[Sirius Satellite Radio]]s. However, as late as Jan. 27, 2007, [[Sirius Satellite Radio]] and [[XM]] Satellite radio kits were not available for Toyota factory radios.{{Fact|date=February 2007}} While the press release enumerated nine models, only limited availability existed at the dealer level in the U.S. As of 2008, all Toyota and Scion models have either standard or available XM radio kits. Major Lexus dealerships have been offering satellite radio kits for Lexus vehicles since 2005, in addition to factory-equipped satellite radio models.
In 2007, Toyota released an update of its full size truck, the [[Toyota 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 to build the [[Toyota Rav4]] in Woodstock, Ontario and the other to build the [[Toyota Highlander]] in Blue Springs, Mississippi. The company has also found recent success with its smaller models - the Corolla and Yaris - as gas prices have risen rapidly in the last few years.
== Toyota philosophy ==
{{Main|The Toyota Way}}
[[Image:IReal mg 2187.jpg|thumb|upright|iReal concept chair]]
Toyota's management philosophy has evolved from the company's origins and has been reflected in the terms "[[Lean Manufacturing]]" and [[Just In Time (business)|Just In Time Production]], which it was instrumental in developing.<ref>Strategos-International. [http://www.strategosinc.com/toyota_production.htm Toyota Production System and Lean Manufacturing].</ref> The Toyota Way has four components: 1) Long-term thinking as a basis for management decisions, 2) a process for problem-solving, 3) adding value to the organization by developing its people, and 4) recognizing that continuously solving root problems drives organizational learning<ref name = "Exec sum">Liker, J. 2004. [http://www.si.umich.edu/ICOS/Liker04.pdf "The 14 Principles of the Toyota Way: An Executive Summary of the Culture Behind TPS"], p. 37. Ann Arbor, Michigan: University of Michigan. Retrieved: 2008-03-25</ref>. The Toyota Way incorporates the [[Toyota Production System]].
===The Toyota Production System===
{{Main article|Toyota Production System}}
Toyota has long been recognized as an industry leader in manufacturing and production. Three stories of its origin have been found, one that they studied [[Piggly-Wiggly|Piggly-Wiggly's]] just-in-time distribution system, one that they followed the writings of [[W. Edwards Deming]], and one that they were given the principles from an Army training program. It is possible that all are true. Regardless of the origin, the principles, described in Toyota's management philosophy, [[The Toyota Way]], are as follows:
# Base your management decisions on a long-term philosophy, even at the expense of short-term goals
# Create continuous process flow to bring problems to the surface
# Use “pull” systems to avoid overproduction
# Level out the workload
# Build a culture of stopping to fix problems, to get quality right the first time
# Standardized tasks are the foundation for continuous improvement and employee empowerment
# Use visual control so no problems are hidden
# Use only reliable, thoroughly tested technology that serves your people and processes
# Grow leaders who thoroughly understand the work, live the philosophy, and teach it to others
# Develop exceptional people and teams who follow your company’s philosophy
# Respect your extended network of partners and suppliers by challenging them and helping them improve
# Go and see for yourself to thoroughly understand the situation (genchi genbutsu)
# Make decisions slowly by consensus, thoroughly considering all options; implement decisions rapidly
# Become a learning organization through relentless reflection and continuous improvement
== Operations ==
[[Image:Toyota Group Pavilion.jpg|right|thumb|190px|Toyota Pavilion at the Expo in Aichi]]
Toyota has grown to a large multinational corporation from where it started and expanded to different worldwide markets and countries by becoming the largest seller of cars in the beginning of 2007, the most profitable automaker ($11 billion in 2006) along with increasing sales in, among other countries, the United States. The world [[headquarter]]s of Toyota are located in its home country in [[Toyota, Aichi]], Japan. Its subsidiary, [[Toyota Financial Services]] sells financing and participates in other lines of business. Toyota brands include [[Scion (car)|Scion]] and [[Lexus]] and the corporation is part of the [[Toyota Group]]. Toyota also owns majority stakes in [[Daihatsu]], and 8.7% of [[Fuji Heavy Industries]], which manufactures [[Subaru]] vehicles. They also acquired 5.9% of [[Isuzu|Isuzu Motors Ltd.]] on [[November 7]], [[2006]] and will be introducing Isuzu diesel technology into their products.
Toyota has introduced new technologies including one of the first mass-produced [[Hybrid electric vehicle|hybrid]] gas-electric vehicles, of which it says it has sold 1 million globally (2007-06-07) <ref>[http://www.reportonbusiness.com/servlet/story/RTGAM.20070607.wtoyota0607/CommentStory/robNews/home "Toyota tops 1 million in hybrid sales"]</ref>, [[Advanced Parking Guidance System]] (automatic parking), a four-speed electronically controlled automatic with buttons for power and economy shifting, and an eight-speed automatic transmission. Toyota, and Toyota-produced [[Lexus]] and [[scion (car)|Scion]] automobiles, consistently rank near the top in certain [[quality]] and reliability surveys, primarily J.D. Power and [[Consumer Reports]].<ref name="carquality">[http://www.msnbc.msn.com/id/15638076/ Consumer reports lists Toyota as having the most reliable cars]</ref>
In 2005, Toyota, combined with its half-owned subsidiary [[Daihatsu Motor Company]], produced 8.54 million vehicles, about 500,000 fewer than the number produced by GM that year. Toyota has a large market share in the [[United States]], but a small market share in Europe. Its also sells vehicles in Africa and is a market leader in Australia. Due to its [[Daihatsu]] subsidiary it has significant market shares in several fast-growing [[Southeast Asia]]n countries.<ref>''Toyota's plan for Lexus is a reminder of its real goal'' ([[August 1]], [[2005]]). Financial Times, p. 16.</ref>
[[Image:Toyota century(VG40).jpg|thumb|right|200px|[[Toyota Century]] is the [[official state car]] of the emperor [[Akihito]].]]
In the [[Fortune Global 500]], Toyota Motor is the 6th largest company in the world. Since the recession of 2001, it has gained market share in the United States. Toyota's market share struggles in Europe where its Lexus brand has three tenths of one percent market share, compared to nearly two percent market share as the U.S. luxury segment leader.
In the first three months of 2007, Toyota together with its half-owned subsidiary [[Daihatsu]] reported number one sales of 2.348 million units. Toyota's brand sales had risen 9.2% largely on demand for Corolla and Camry sedans. The difference in performance was largely attributed to surging demand for fuel-efficient vehicles. In November 2006, [[Toyota Motor Manufacturing Texas]] added a facility in [[San Antonio, Texas|San Antonio]]. <ref>[http://www.bloomberg.com/apps/news?pid=20601080&sid=aUZ5cZux4ooE&refer=Asia "Toyota Surpasses GM in Global Sales in First Quarter (Update3)"], ''Bloomberg.com, [[24 April]] [[2007]]</ref> Toyota has experienced quality problems and was reprimanded by the government in Japan for its recall practices.<ref>Vella, Matt (July 17, 2006).[http://biz.yahoo.com/weekend/mostrecall_1.html The Most recalled Cars] ''Business Week Online'' at ''Yahoo News''.</ref> Toyota currently maintains over 16% of the US market share and is listed second only to GM in terms of volume. <ref>[http://www.sltrib.com/business/ci_6448042 G.M. narrows sales gap with Toyota on non-U.S. demand - Salt Lake Tribune<!-- Bot generated title -->]</ref> [[Toyota Century]] is the [[official state car]] of the [[Japanese imperial family]], namely for the [[Emperor of Japan]] [[Akihito]].
=== Worldwide presence ===
[[Image:World locations of Toyota factories.PNG|thumb|right|400px|World locations of Toyota factories]]
[[Image:Toyota Headquarter Toyota City.jpg|thumb|200px|The headquarters of Toyota in Toyota City, Japan]]
Toyota has factories all over the world, manufacturing or assembling vehicles for local markets, including the [[Toyota Corolla|Corolla]]. Toyota has manufacturing or assembly plants in [[Japan]], [[Australia]], [[India]], [[Canada]], [[Indonesia]], [[Poland]], [[South Africa]], [[Turkey]], the [[United Kingdom]], the [[United States]], [[France]], [[Brazil]], [[Portugal]], and more recently [[Pakistan]], [[Argentina]], [[Czech Republic]], [[Mexico]], [[Malaysia]], [[Thailand]], [[China]], [[Vietnam]], [[Venezuela]], the [[Philippines]], and [[Russia]].
In 2002, Toyota initiated the "Innovative International Multi-purpose vehicle" project (IMV) to optimize global manufacturing and supply systems for pickup trucks and multipurpose vehicles, and to satisfy market demand in more than 140 countries worldwide. IMV called for [[diesel engines]] to be made in Thailand, [[gasoline engine]]s in Indonesia and [[manual transmission]]s in the Philippines, for supply to the countries charged with vehicle production. For vehicle assembly, Toyota would use plants in Thailand, Indonesia, Argentina and South Africa. These four main IMV production and export bases supply Asia, Europe, Africa, Oceania, Latin America and the Middle East with three IMV vehicles: The [[Toyota Hilux|Toyota Hilux (Vigo)]], the [[Toyota Fortuner]], and the [[Toyota Innova]].<ref name="IMV">{{cite web |url=http://www.toyota.co.jp/en/strategy/imv/index.html |title=TOYOTA: IMV Project |accessdate=2008-02-29 |author= |date= |publisher=Toyota }}</ref>
Toyota has invested considerably into cleaner-burning vehicles such as the [[Toyota Prius]], based on technology such as the [[Hybrid Synergy Drive]]. In 2002, Toyota successfully road-tested a new version of the RAV4 which ran on a Hydrogen [[fuel cell]]. ''[[Scientific American]]'' called the company its ''Business Brainwave of the Year'' in 2003 for commercializing an affordable [[hybrid car]].
==== Toyota North America ====
{{Unreferenced-section|date=June 2008}}
{{main|Toyota Motor Engineering & Manufacturing North America}}
[[Image:Toyota Camry LE.jpg|thumb|right|200px| The [[Toyota Camry]] is assembled in several facilities around the world including [[Australia]], [[China]] ([[People's Republic of China|PRC]] and [[Republic of China|ROC]]), [[Japan]], [[Malaysia]], [[Philippines]], [[Russia]], [[Thailand]], and the [[United States]].]]
[[Toyota Motor North America]] headquarters is located in [[New York City]] and operates at a [[holding company]] level in North America. Its manufacturing headquarters is located in Hebron, Kentucky, and is known as Toyota Motor Engineering and Manufacturing North America, or TEMA.
Toyota has a large presence in the [[United States]] with five major assembly plants in [[Huntsville, Alabama]]; [[Georgetown, Kentucky]]; [[Princeton, Indiana]]; [[San Antonio, Texas]]; [[Buffalo, West Virginia]]; and a new one being built in [[Blue Springs, Mississippi]]. Toyota also has a joint-venture operation with General Motors at [[NUMMI|New United Motor Manufacturing Inc.]] (NUMMI), in [[Fremont, California]], which began in 1984, and with Subaru at [[Subaru of Indiana Automotive, Inc.]] (SIA), in [[Lafayette, Indiana]], which started in 2006. Production on a new manufacturing plant in [[Tupelo, Mississippi]] is scheduled for completion in 2010; it will be producing the Toyota Highlander. North America is a major automobile market for Toyota. In these assembly plants, the [[Toyota Camry]] and the 2007 [[Toyota Tundra]] are manufactured, among others.
Toyota marketing, sales, and distribution in the U.S. are conducted through a separate subsidiary, [[Toyota Motor Sales, U.S.A., Inc.]] Toyota uses a number of [[slogan]]s in its American TV [[Television advertisement|commercials]] such as ''It's time to move forward,'' ''Smart way to keep moving forward,'' or ''Moving forward.'' It has started producing larger [[truck]]s, such as the new [[Toyota Tundra]], to go after the large truck market in the United States. Toyota is also pushing [[Hybrid electric vehicle|hybrid]] vehicles in the US such as the [[Toyota Prius]], Toyota Camry Hybrid, Highlander Hybrid, and various [[Lexus]] products.
Toyota has sold more hybrid vehicles in the country than any other manufacturer. Toyota is a [[public corporation]] and the company's shares are traded on the [[Tokyo Stock Exchange]], [[New York Stock Exchange]] and the [[London Stock Exchange]]. Toyota also sponsors [[Chivas de Guadalajara]].
====United States employees and investments====
Toyota directly employed around 34,675 people in the [[United States]], invested USD $15.5 billion, produced 1.2 million vehicles using US and foreign auto parts, sold 2.54 million vehicles, and donated USD $340 million to nonprofits.
<ref>[http://www.toyota.com/about/our_business/at_a_glance/our_numbers/ About Toyota: Operations -- Toyota by the Numbers]</ref> It has in total 10 plants, USD $2.9 billion per year payroll, purchased USD $28 billion in parts and supplies from 30 states. It created around 386,000 jobs in the United States as result of Toyota's spending and demand from suppliers. It celebrated its 70th year anniversary in the United States in 2007 <ref>[http://www.toyota.com/50th/ 50th<!-- Bot generated title -->]</ref>.
===Online===
The domain ''toyota.com'' attracted at least [http://siteanalytics.compete.com/toyota.com?metric=uv 30 million visitors] annually by 2008 according to a [[Compete.com]] survey.
== Hybrid technology ==
[[Image:Toyota Prius side.jpg|250px|right|thumb|[[Toyota Prius]], flagship of Toyota's hybrid technology]]
{{main|Hybrid Synergy Drive|Hybrid electric vehicle}}
Toyota is one of the largest companies to push [[Hybrid electric vehicle|hybrid]] vehicles in the market and the first to commercially mass-produce and sell such vehicles, an example being the [[Toyota Prius]]. The company eventually began providing this option on the main smaller cars such as Camry and later with the [[Lexus]] divisions, producing some hybrid luxury vehicles. It labeled such technology in Toyota cars as "'''Hybrid Synergy Drive'''" and in Lexus versions as "'''Lexus Hybrid Drive'''."
The [[Toyota Prius|Prius]] has become the top selling hybrid car in [[United States|America]]. Toyota, as a brand, now has three hybrid vehicles in its lineup: the Prius, Highlander, and [[Toyota Camry Hybrid|Camry]]. The popular minivan Toyota Sienna is scheduled to join the hybrid lineup by 2010, and by 2030 Toyota plans to offer its entire lineup of cars, trucks, and SUVs with a Hybrid Synergy Drive option.
The Hybrid Synergy drive is the most widely rolled-out environment-friendly system in the automotive industry to date. More than 1,000,000 units have been sold. Toyota's CEO has committed to making every car of Toyota a hybrid vehicle eventually (though all hybrid versions may not be sold in the U.S.).<ref>[http://www.theautochannel.com/news/2007/12/31/074153.html A New Year's Greeting from Toyota President Katsuaki Watanabe<!-- Bot generated title -->]</ref><ref>[http://www.mycar.net/toyota1.php "Toyota patents"]</ref>
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[[Image:LS 600h L Ritz-Carlton1.jpg|thumb|250px|right|[[Lexus LS]] 600h L hybrid sedan.]]
[[Lexus]] also has their own hybrid lineup, consisting of the [[Lexus GS 450h|GS 450h]], [[Lexus RX 400h|RX 400h]], and launched in 2007, the [[Lexus LS#UVF45 / UVF46 (2008)|LS 600h/LS 600h L]].
=== Plug-in hybrids ===
{{Main|Plug-in hybrid}}
After [[General Motors]] announced it would produce the Chevrolet Volt [[plug-in hybrid]], Toyota announced that it, too, would make one.<ref>[http://www.planetark.com/dailynewsstory.cfm/newsid/46416/story.htm Planet Ark : Toyota to Offer Some Plug-Ins by 2010<!-- Bot generated title -->]</ref> Toyota is currently testing its "Toyota Plug-in HV" in Japan, the United States, and Europe. Like GM's Volt, it uses a [[lithium-ion battery]] pack. The PHEV (plug-in hybrid electric vehicle) could have a lower environmental impact than existing hybrids.<ref>[http://www.toyota.co.jp/en/tech/environment/phv/conference/ TOYOTA: Plug-in Hybrid Vehicle<!-- Bot generated title -->]</ref><ref>[http://www.calcars.org/calcars-news/798.html Report Toyota PHEV Road Test in Japan + Possible Unveiling in Fall]</ref>
On June 5, 2008, [[A123Systems]] announced that its [[Hymotion]] plug-in hybrid conversion kits for the Toyota Prius would be installed by six dealers, including four Toyota dealerships: Westboro Toyota in Boston, Fitzgerald Toyota in Washington, Toyota of Hollywood in Los Angeles, and the Minneapolis-based Denny Hecker Automotive Group, which sells multiple brands.<ref>{{cite web |title=Toyota Dealers Sold on Hymotion Plug-In Hybrids |url=http://www.greentechmedia.com/articles/toyota-dealers-sold-on-hymotion-plug-in-hybrids-977.html |publisher=greentechmedia.com |date=2008-06-05 |accessdate=2008-07-05}}</ref>
== Toyota Trucks ==
[[Image:2007-Toyota-Tundra-DoubleCab.jpg|thumb|230px|right|2007 Toyota Tundra Double Cab]]
The [[Toyota Tundra]] is a full-size pickup truck sold by Toyota that originally went into production in 1999 (as a 2000 model year model), Currently, the Tundra has been on the market for more than half a decade, and has captured 17 percent of the full-size half-ton market.
The all new Tundra is assembled in two different locations, both inside the United States. The Standard and Double Cabs are assembled in "Truck Country" San Antonio, Texas, while the Crew Max are assembled in Gibson County, Indiana. Toyota Motor Corporation assembled around 150,000 Standard and Double Cabs, and only 70,000 Crew Max's in 2007.
== Motorsport ==
{{main|Toyota motorsports}}
Toyota is active in the [[motorsports]] and sponsors such events through their cars among others.
== Non-automotive activities ==
===Aerospace===
Toyota is a minority share holder in Mitsubishi Aircraft Corporation, having invested US$67.2 million in the new venture which will produce the [[Mitsubishi Regional Jet]], slated for first deliveries in 2013.<ref>[http://en.ce.cn/World/biz/200805/23/t20080523_15587864.shtml Toyota to sink $67.2 mln in Mitsubishi passenger jet, China Economic Net, May 23, 2008]</ref> 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]] in 2002.<ref>[http://www.toyota.com/about/news/corporate/2002/06/21-1-aviation.html Toyota press release of first flight]</ref>
===Philanthropy===
Toyota is supporter of [[Toyota Family Literacy Programme]] along with [[National Center for Family Literacy]], helping low-income community members for education, [[United Negro College Fund]] (40 annual [[scholarship]]s), [[National Underground Railroad Freedom Center]] ($1 million) among others<ref>http://www.toyota.com/about/diversity/2001/philanthropy.html</ref>. Toyota created [[Toyota USA Foundation]].
===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 "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."<ref name="toyota education">http://www.toyota.com/about/community/education/index.html</ref> It has contributed to number of local education and scholarship programs such as to [[University of Kentucky]], [[Indiana]], etc.<ref name="toyota education"/>
=== Robotics ===
Toyota has been developing multitask robots destined for [[elderly care]], manufacturing, and entertainment.
=== Finance ===
Toyota [[Financial Services]] Corporation provides financing to Toyota customers.
=== 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]]
== Manufacturing facilities ==
{{main|List of Toyota manufacturing facilities}}
Toyota has many manufacturing facilities around the world.
== Numbers ==
=== Toyota core segment in the market ===
Hybrids are viewed by some [[automaker]]s as a core segment of the future vehicle market.<ref name=autonews>http://www.autonews.com/apps/pbcs.dll/article?AID=/20070416/REG/70416014/-1</ref>
=== TRD ===
{{main|Toyota Racing Development}}
[[Toyota Racing Development]] was brought about to help develop true high performance racing parts for many Toyota vehicles. TRD has often had much success with their after market tuning parts, as well as designing technology for vehicles used in all forms of racing.
=== Financial information ===
Toyota is publicly traded on the [[Tokyo Stock Exchange|Tokyo]], [[Osaka Stock Exchange|Osaka]], [[Nagoya Stock Exchange|Nagoya]], [[Fukuoka Stock Exchange|Fukuoka]], and [[Sapporo Stock Exchange|Sapporo]] exchanges under company code {{Tyo|7203}}. In addition, Toyoto is foreign-listed on the [[New York Stock Exchange]] under {{nyse|TM}} and on the [[London Stock Exchange]] under {{Lse|TYT}}. Toyota has been publicly traded in Japan since 1949 and internationally since 1999.<ref>{{cite web |url=http://www.toyota.co.jp/en/ir/faq/share.html |title=Toyota for investors, Frequently Asked Questions |accessdate=2008-07-11 |work=Toyoto Motor Corporation Global Site|publisher=Toyota Motor Corporation |date=2007-02-02 }}</ref>
Toyota reports on its consolidated financial statements 540 consolidated subsidiaries and 226 affiliates.
* [[Toyota Motor North America]] (100% - 2004)
* [[Toyota Tsusho]] - Trading company for the Toyota Group
* [[Toyota Canada Inc.]] owned via [[Toyota Motor North America]]
* [[Daihatsu Motor Company]] (51.2% - [[March 31]] [[2006]])
* [[DENSO]] (24.74% - [[September 30]] [[2006]])
* [[Toyota Industries]] (23.51% - [[March 31]] [[2006]]
* [[Aisin Seiki Co.]] (23.0% - [[September 30]] [[2006]])
* [[Fuji Heavy Industries]] (8.69% - [[September 30]] [[2006]])
* [[PT Toyota Astra Motor]] (49% - 2003)
* [[PT Toyota Motor Manufacturing Indonesia]] (95% - 2003)
==== Accounting Ratios ====
<center>
{| class="toccolours" border="1" cellpadding="3" style="border-collapse:collapse"
| + Toyota Motor Corporation Accounting Ratios '''<ref>Electrick Publications. [http://www.speedace.info/automotive_directory/toyota.htm Toyota - "Accounting Ratios"].</ref>
|- bgcolor=lightblue
! Fiscal Year
! 2007
! 2006
! 2005
! 2004
! 2003
! 2002
|- bgcolor=lightblue
! Fiscal Year End Date
! 3/31/07
! 3/31/06
! 3/31/05
! 3/31/04
! 3/31/03
! 3/31/02
|-
| Receivables Turnover
|
| 3.6
| 3.7
| 3.8
| 2.5
| 2.5
|-
| Receivables - Number of Days
|
| 93.8
| 93.3
| 114.2
| 139.0
| 129.6
|-
| [[Inventory]] Turnover
|
| 10.7
| 11.6
| 11.8
| 10.9
| 11.1
|-
| Inventory - Number of Days
|
| 33.5
| 31.2
| 30.5
| 33.1
| 32.3
|-
| Gross Property, Plant & Equipment Turnover
|
| 1.3
| 1.3
| 1.3
| 1.2
| 1.1
|-
| Net Property, Plant & Equipment Turnover
|
| 3.0
| 3.2
| 3.2
| 2.9
| 2.8
|-
| [[Depreciation]], Depletion & [[Amortization]] -
|
|
|
|
|
|-
| % of Gross Property, Plant & Equipment
|
| 7.6%
| 7.1%
| 7.3%
| 6.3%
| 6.1%
|-
| Depreciation, Depletion & Amortization -
|
|
|
|
|
|-
| Year to Year Change (Japanese Yen)
|
| 21,346.5
| 2,780.9
| 11,827.0
| 4,802.7
| 5,385.5
|-
| Depreciation, Depletion & Amortization -
|
|
|
|
|
|-
| Year to Year % Change
|
| 21.4%
| 2.9%
| 13.9%
| 6.0%
| 7.2%
|-
|}
</center>
==Outcomes==
Toyota is now the world’s largest automaker in terms of net worth, revenue, and profits. According to Stephen Spier, Toyota has been an industry leader since the 1960s and has consistently been more productive than its competitors. The company has been widely recognized for the quality of its products and production systems:
{{cquote| In 2001, Toyota continued to maintain industry leadership. Consumer Reports rated Toyota models first in four of ten product categories. In a separate 2001 study of initial quality, J.D. Power and Associates rated Toyota and Lexus products first in 7 of 16 product categories. Toyota’s Kyushu car plant was rated the best in the world, with Toyota’s Tahara car plant second in Asia and the Kyushu truck plant third. In North America, Toyota’s Cambridge Ontario plant was first, and the Georgetown Kentucky Camry plant tied for second. Despite industry-wide difficulties, Toyota’s market share and capitalization continued to grow. Worker involving, problem-solving processes at the NUMMI plant, specifically, a TPS-managed joint venture with General Motors, were a source of performance superiority.<ref name = spear>Spear, Steven J. (August 2002) [http://209.85.173.104/search?q=cache:gLkI3ggfZVAJ:www.hbs.edu/research/facpubs/workingpapers/papers2/0102/02-043.doc+Just+In+Time+Toyota&hl=en&ct=clnk&cd=1&client=safari Just-in-Time in practice at Toyota: Rules-in-Use for building self-diagnostic, adaptive work-systems]. [[Harvard Business School|HBS]] Working paper: 02-043. Retrieved on: [[March 25]], [[2008]].</ref>}}
===Environmental Record===
The Toyota Motor Corporation (TMC) implemented its Fourth Environmental Action Plan in 2005. The plan contains four major themes involving the environment and the corporation's development, design, production, and sales. The five-year plan is directed at the, "arrival of a revitalized recycling-based society."<ref>[http://www.japancorp.net/Article.Asp?Art_ID=10041 Toyota Outlines Fourth Toyota Environmental Action Plan] japancorp.net May 13, 2005 retrieved April 30, 2008</ref> Toyota had previously released its Eco-Vehicle Assessment System (Eco-VAS) which is a systematic [[life cycle assessment]] of the effect a vehicle will have on the environment including production, usage, and disposal. The assessment includes, "... fuel efficiency, emissions and noise during vehicle use, the disposal recovery rate, the reduction of substances of environmental concern, and [[Greenhouse gas|CO2 emissions]] throughout the life cycle of the vehicle from production to disposal."<ref>[http://www.japancorp.net/Article.Asp?Art_ID=5287 Toyota Unveils "Eco-VAS" for Environmental Assessment] Japan's Corporate News June 16, 2003 retrieved 30 April 2008</ref> 2008 marks the ninth year for Toyota's Environmental Activities Grant Program which has been implemented every year since 2000. Themes of the 2008 program consist of "Global Warming Countermeasures" and "Biodiversity Conservation." <ref>[http://www.japancorp.net/Article.Asp?Art_ID=17892 Toyota Environmental Activities Grant Program Accepting Applications] Japan's Corporate News Apr 25, 2008 retrieved 30 April 2008</ref>
Since October 2006, Toyota's new Japanese-market vehicle models with automatic transmissions are equipped with an Eco Drive Indicator. The system takes into consideration rate of acceleration, engine and transmission efficiency, and speed. When the vehicle is operated in a fuel-efficient manner, the Eco Drive Indicator on the instrument panel lights up. Individual results vary depending on traffic issues, starting and stopping the vehicle, and total distance traveled, but the Eco Drive Indicator may improve fuel efficiency by as much as 4%.<ref>[http://www.japancorp.net/Article.Asp?Art_ID=13465 Toyota to Introduce Eco Drive Indicator; New Feature Aims to Encourage Environmentally Considerate Driving] JCN Newswire Sept 29, 2006 retrieved 30 April 2008</ref> Along with Toyota's eco-friendly objectives on production and use, the company plans to donate $1 million and five vehicles to the Everglades National Park. The money will be used to fund environmental programs at the park. This donation is part of a program which provides $5 million and 23 vehicles for five national parks and the National Parks Foundation. <ref>[http://money.cnn.com/news/newsfeeds/articles/prnewswire/200805061000PR_NEWS_USPR_____LATU077.htm Toyota Announces Million Dollar Donation to Everglades National Park]. cnn.money May 06, 2008 retrieved same day</ref>
Despite its many environmental advances, corporate watchdog Corporate Accountability International (CAI) selected the Toyota Motor Corporation as one of its nominees (along with Archer Daniels Midland, Countrywide, Mattel, Nestle, Blackwater, Wal-Mart, and Wendy’s) for its 2008 “Corporate Hall of Shame” elections. CAI states that Toyota is contributing to inaction on [[global warming]]. The watchdog group claims that "the company has [[hypocrisy|hypocritically]] crafted an image as a corporate ally in the fight against climate change while working behind the scenes to stop [[greenhouse gas]] mandates from becoming law." The group points out that Toyota, has opposed “clean cars” legislation in many U.S. states, and is employing "aggressive [[lobbying]] efforts" to prevent legislation to limit gas-guzzling vehicles by 2020.<ref name = rizvi>Rizvi, Haider (March 24, 2008) [http://www.commondreams.org/archive/2008/03/24/7865/ Watchdog Group Names Top Corporate Abusers]</ref>
According to CAI, despite the green [[Public relations|image]] surrounding the Prius, the company's hybrid sales are only part of its story. Toyota also produces the 14-mile-per-gallon (mpg) Tundra pickup truck and other “gas guzzlers” which lower the company’s fleet-wide fuel efficiency to "levels below what they were several decades ago."<ref name = rizvi/>
== See also ==
{{Portal|Japanese Car}}
{{Portal|Cars}}
* The [[Toyota Group]]
* [[List of Toyota vehicles]]
* [[List of Toyota engines]]
* [[Toyota transmissions|List of Toyota transmissions]]
* [[Toyota automobile collectibles]]
* [[Toyota Production System]]
* [[Toyota Center (Houston)|Toyota Center]], a sports arena in [[Houston, Texas]] where the company owns [[naming rights]]
* [[Australian Motor Industries]]
* [[Toyota Australia]]
==Notes==
{{reflist|2}}
== References ==
* [http://www.canadiandriver.com/news/040105-13.htm 2005 Toyota Highlander Hybrid.] Retrieved [[January 11]] [[2004]] from CanadianDriver Communications, Inc. (2004)
* [http://www.toyota.co.jp/en/pdf/2005/toyota_up_close0511.pdf Toyota up close] Sales figures of Toyota.
* [http://quote.bloomberg.com/apps/news?pid=10000006&sid=a_zhJuk2gAn8 Toyota becomes 3rd ranked US automaker behind GM and Ford] Bloomberg Report.
*[http://news.yahoo.com/s/nm/autos_reliability_dc Consumer Reports reverses practice of automatically recommending all new Toyota cars and trucks], Oct 16, 2007 ("Consumer Reports will no longer recommend any new or redesigned Toyota-built models without reliability data on a specific design," the publication said in a statement. "Previously, new and redesigned models were recommended because of the automaker's excellent track record.")
== External links ==
{{Commons|Toyota}}
* [http://www.toyota-ogn.net/ Toyota Owners Group Norway (Forum)]
* [http://www.toyotaklub.org.pl/ Toyota Klub (pl)]
* [http://www.toyota.co.jp/en/ Toyota Motor official global site, in English]
* [http://www.toyota.co.jp/ Toyota Motor official global site, in Japanese]
* [http://www.safetytoyota.com/ Toyota Safety Brand site]
* [http://www.cityscope.net/~daryl/toyota.html Daryl's Unofficial Toyota Web Site List] - This website was the first world wide web link list for Toyota since 1995 and consists of Toyota distributors, clubs, dealers, repair shops, parts, recalls and other information.
* [http://www.planetark.com/dailynewsstory.cfm/newsid/49151/story.htm Toyota Struggles to Meet Hybrid, Small Car Demand]
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