Company Profile
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Company Profile Find out detailed information regarding Toyota's key personnel and facilities, business activities and corporate entities as well as its sales and production growth around the globe. You can also discover more about the various non-automotive pursuits of Toyota and the museums and plant tours which are open to the public. Overview This section lists basic facts about Toyota in addition to the latest activities relating to latest business results. Find out more Executives Here you will find a list of all of Toyota's top management from the chairman and president down to the managing officers. Find out more Figures See more about the global sales and production figures by region. Find out more Toyota Group A list of companies making up the Toyota Group. Facilities View Toyota's design and R&D bases and production sites all around the globe, as well as the many museums of great knowledge. Find out more Non-automotive Business In addition to automobile production, Toyota is also involved in housing, financial services, e-TOYOTA, Marine, biotechnology and afforestation Toyota From Wikipedia, the free encyclopedia Jump to: navigation, search For other uses, see Toyota (disambiguation). Toyota Motor Corporation Toyota Jidosha Kabushiki-gaisha トヨタ自動車株式会社 Type Public TYO: 7203 Traded as LSE: TYT NYSE: TM Automotive Industry Robotics Financial services Founded August 28, 1937 Founder(s) Kiichiro Toyoda Headquarters Toyota, Aichi, Japan Area served Worldwide Fujio Cho (Chairman) Key people Akio Toyoda (President and CEO) Automobiles Products Financial Services Production output 7,308,039 units (FY2011)[1] Revenue ¥18.583 trillion (2012)[1] [1] Operating income ¥355.62 billion (2012) [1] Profit ¥283.55 billion (2012) [1] Total assets ¥30.650 trillion (2012) [1] Total equity ¥10.550 trillion (2012) Employees 324,747 (2012)[2] Parent Toyota Group Lexus Divisions Scion 522 (Toyota Group) Toyota India Hino Motors, Ltd. Daihatsu Motor Co., Ltd. Subsidiaries Toyota Financial Services DENSO Toyota Industries Fuji Heavy Industries (16.5%) Website Toyota Global Toyota Motor Corporation (トヨタ自動車株式会社 Toyota Jidōsha KK?, IPA: [toꜜjota]) /tɔɪˈoʊtə/, abbreviated TMC, is a multinational automaker headquartered in Toyota, Aichi, Japan. In 2010, Toyota employed 317,734 people worldwide,[2] and was the world's largest automobile manufacturer in 2010 by production.[3] Toyota is the ninth largest company in the world by revenue. The company was founded by Kiichiro Toyoda in 1937 as a spinoff from his father's company Toyota Industries to create automobiles. Three years earlier, in 1934, while still a department of Toyota Industries, it created its first product, the Type A engine, and, in 1936, its first passenger car, the Toyota AA. Toyota Motor Corporation group companies are Toyota (including the Scion brand), Lexus, Daihatsu and Hino Motors,[4] along with several "non-automotive" companies.[5] TMC is part of the Toyota Group, one of the largest conglomerates in the world. Contents [hide] 1 Corporate governance o 1.1 Financial results 2 Logo and branding o 2.1 Marketing . 2.1.1 Japan o 2.2 Sports 3 Company strategy o 3.1 Operations o 3.2 Worldwide presence . 3.2.1 North America 4 Product line o 4.1 Electric technology . 4.1.1 Plug-in hybrids . 4.1.2 All-electric vehicles o 4.2 Cars . 4.2.1 SUVs and crossovers . 4.2.2 Pickup trucks . 4.2.3 Luxury-type vehicles 5 Motorsport o 5.1 TRD 6 Non-automotive activities o 6.1 Aerospace o 6.2 Philanthropy o 6.3 Higher education o 6.4 Robotics o 6.5 Agricultural biotechnology 7 Environmental record 8 History 9 Production and sales numbers 10 See also 11 References 12 External links [edit] Corporate governance Toyota headquarters in Toyota City, Japan Toyota is headquartered in Toyota City, Aichi. Its Tokyo office is located in Bunkyo, Tokyo. Its Nagoya office is located in Nakamura-ku, Nagoya.[6] In addition to manufacturing automobiles, Toyota provides financial services through its Toyota Financial Services division and also builds robots. In predominantly Chinese-speaking countries or regions using traditional Chinese characters, e.g. Hong Kong and Taiwan, Toyota is known as "豊田".[7] In predominantly Chinese speaking countries using simplified Chinese characters (e.g. China), Toyota is known as "丰田"[8] (pronounced as "Fēngtián" in Mandarin Chinese ). These are the same characters as the founding family's name "Toyoda" in Japanese, which translate to "fertile rice paddies" in the Chinese language as well. Akio Toyoda, CEO Toyota, at the annual results press conference May 11, 2011 Typical breakdown of sales by region President of Toyota Motor Industries: Rizaburo Toyoda (1937–1941) Kiichiro Toyoda (1941–1950) Taizo Ishida (1950–1961) Fukio Nakagawa (1961–1967) Eiji Toyoda (1967–1981) President of Toyota Motor Corporation: Eiji Toyoda (1981) Shoichiro Toyoda (1982–1992) CEO of Toyota Motor Corporation: Dr. Tatsuro Toyoda (1992–1995) Hiroshi Okuda (1995–1999) Fujio Cho (1999–2005) Katsuaki Watanabe (2005–2009) Akio Toyoda (2009–present) Chairman of Toyota Motor Corporation: Shoichiro Toyoda (1992–1999) Hiroshi Okuda (1999–2006) Fujio Cho (2006–present) Toyota is publicly traded on the Tokyo, Osaka, Nagoya, Fukuoka, and Sapporo exchanges under company code TYO: 7203. In addition, Toyota is foreign-listed on the New York Stock Exchange under NYSE: TM and on the London Stock Exchange under LSE: TYT. Toyota has been publicly traded in Japan since 1949 and internationally since 1999.[9] As reported on its consolidated financial statements, Toyota has 540 consolidated subsidiaries and 226 affiliates. Toyota Motor North America (100% – 2004) Toyota Canada Inc. owned via Toyota Motor North America Toyota Tsusho – Trading company for the Toyota Group Daihatsu Motor Company (51.2% – March 31, 2006) Hino Motors (50.1% – 2001) Lexus 100% (1989) Scion 100% (2003) DENSO (24.74% – September 30, 2006) Toyota Industries (23.51% – March 31, 2006) Aisin Seiki Co. (23.0% – September 30, 2006) Fuji Heavy Industries (16.66% – June 28, 2008) Isuzu Motors (5.9% – November 10, 2006) PT Toyota Astra Motor (49% – 2003) PT Toyota Motor Manufacturing Indonesia (95% – 2003) [edit] Financial results Total Japan United States Calendar Year Production Sales Production Sales Sales 2008 9,225,236[10] 4,911,861[10] 2,153,197[10] 2,217,662[11] 2009 7,234,439[12] 3,543,199[12] 1,996,174[12] 1,770,147[13] 2010 8,557,351[14] 8,418,000[15] 4,047,343[16] 2,203,849[16] 1,763,595[17] Production Sales Production Sales Sales Calendar Year Total Japan United States In 2010, the Toyota ranked first in units produced globally, with 8.6 million units. (Market share based on OICA 2010 global total of 77,743,862)[3] For the first half of 2011, Toyota had fallen to third place, with GM first and Volkswagen second. The OICA list is usually published in late July or early August of the following year.[18][19][20] Toyota's financial unit has asked for an emergency loan from a state-backed lender on March 16, 2009, with reports putting the figure at more than US$3 billion. It says the international financial situation is squeezing its business, forcing it to ask for an emergency loan from the Japan Bank for International Cooperation. It is the first time the state-backed bank has been asked to lend to a Japanese car manufacturer.[21] On May 8, 2009, Toyota reported a record annual net loss of US$4.2 billion, making it the latest automobile maker to be severely affected by the global financial crisis that started in 2007. Main article: 2009–2010 Toyota vehicle recalls From November 2009 through the first quarter of 2010, Toyota recalled more than 8 million (accounts differ) cars and trucks worldwide in several recall campaigns, and briefly halted production and sales.[22][23] The US Sales Chief, James Lentz, was questioned by the United States Congress committees on Oversight and Investigations on February 23, 2010, as a result of recent recalls.[24] On February 24, 2010, Toyota CEO Akio Toyoda testified before the House Committee on Oversight and Government Reform.[25] On April 6, 2010, The US government sought a record penalty of US$16.375 million from Toyota for its delayed response in notifying the National Highway Traffic Safety Administration regarding the defective accelerator pedals.[26] On May 18, 2010, Toyota paid the fine without an admission of wrongdoing.[27][28][29] The record fine and the high profile hearings caused accusations of conflict of interest. Senior managing director Takahiko Ijichi said that recall-related costs in the financial year that ended March 2010 totaled US$1.93 billion (¥180 billion).[30] the U.S. National Highway Traffic Safety Administration, NASA and Japanese Ministry of Transport have been involved in the investigations, driver error or pedal misapplication was found responsible for most of the incidents. This included sticking accelerator pedals, and pedals caught under floor mats. On March 31, 2011, the Toyota Factory in Onnaing, France, was hit by a strike of several hundred workers asking for more pay.[31] [32] [edit] Logo and branding Employee at Toyota Museum explains development of Toyota name and brand 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." It was believed that the new name sounded better and its eight-stroke count in the Japanese language was associated with wealth and good fortune. The original logo no longer is found on its vehicles but remains the corporate emblem used in Japan.