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Toyota Group

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The Toyota Group consists of a collection of companies sharing similar corporate values, known in Japan as a keiretsu. Toyota has a wide range of divisions and subsidiaries all around the world. The Toyota Motor Company is the world’s largest automobile manufacturer[1] and the Toyota Industrial Equipment is the world’s largest forklift manufacturer[2]. Toyota is also involved in the production of textile machinery, industrial vehicles, steel, and rubber.

Contents

[edit] History

[edit] Early Days

The Toyoda Automatic Loom Works was established in 1926 by Sakichi Toyoda, an inventor who got his start in the textiles industry by inventing several looms. He licensed the manufacturing rights for one of his looms to a British company for ¥1 million (US$11,000). This provided the seed money needed to get a start in the automobile industry, and in 1933 Toyoda added an automotive division. In 1934 the first Toyoda engine was produced; in 1935 the first Toyoda car and truck were manufactured; and in 1937 the Toyota Motor Company was established as a separate company[3]. In 1940 Toyoda’s steel production department also departed from the loom business, becoming Toyota Steel Works, Ltd. (now Aichi Steel Corporation).[4].[5]

[edit] World War II

On December 7, 1941, Japan attacked Pearl Harbour and brought America into World War II. This lead to America dropping atomic bombs on Hiroshima and Nagasaki in 1945; effectively ending Japanese participation in the war. After the war, Japan was occupied by America until 1952. Many Japanese companies were dismantled, including Toyota initially. However, Toyota was allowed to resume operations the same year (1945), with an increased focus on producing trucks and buses.[6]

In 1940, amidst the war, the Americans started a program to teach domestic manufacturers how to increase operating efficiency. Known as Training With Industry, this program was scrapped in 1945. However, the methods it preached found their way into Japan business culture during America’s occupation; forming the basis for Toyota’s now renown lean manufacturing techniques.[7]

[edit] Re-Organization

Toyota’s current organizational structure took form in 1971, when the company was split into three divisions: textile machinery, industrial vehicles, and vehicles. In 1977 the Compressor Division separated from the Textile Machinery Division. In 1985 the Engine Division separated from the Vehicle Division. In 1988 Toyota Industrial Equipment Mfg., Inc. was established as a joint venture with Toyota Motor Corporation.[8] In 1992 Toyota’s Materials Handling Division was established.

In 1999 Toyota Motor Corporation was listed under the ticker symbol TM on the New York Stock Exchange. In 2000 Toyota acquired BT Industries AB of Sweden, a manufacturer of materials handling equipment. In 2001 the Toyota Material Handling Company was established. In 2003 Aichi Corporation, a manufacturer of truck mounted aerial work platforms, became a subsidiary of Toyota Industries.[9]

[edit] The Company Today

In 2009 Akio Toyoda was named President of Toyota. Akio is the grandson of Toyota’s founder, Sakichi Toyoda.[10] In 2009 Toyota had sales totalling 1.58 quadrillion yen (US$17.4 billion).

The Toyota Group consists of the following companies and their subsidiaries[11]

[edit] Equipment List

[edit] Unique Facts

  • The brand name “Toyota” was the winning entry from a contest held in 1936 to replace the “Toyoda” name. Amongst 27,000 submissions, Toyota was chosen because of its pleasant rhythm and because it is written in Japanese using 8 strokes, which is considered lucky.[12]
  • The Toyota 2000GT set 16 world speed and endurance records by 1966 and was featured in the James Bond film You Only Live Twice. [13]

[edit] References

  1. Toyota overtakes GM in global sales. Detroit News [October 22, 2009].
  2. Toyota Forklifts Retain Top Ranking. Toyota Material Handling [October 22, 2009].
  3. History. Toyota Industries Corporation [October 22, 2009].
  4. History. Toyota Industries Corporation [October 22, 2009].
  5. Toyota history: corporate and automotive. Toyoland.com [October 22, 2009].
  6. Toyota history: corporate and automotive. Toyoland.com [October 22, 2009].
  7. Toyota history: corporate and automotive. Toyoland.com [October 22, 2009].
  8. Major Developments in Toyota Industries' History. Toyota-Industries [October 22, 2009].
  9. History. Toyota Industries Corporation [October 22, 2009].
  10. Toyota history: corporate and automotive. Toyoland.com [October 22, 2009].
  11. Toyota Group Announces Plans for EXPO 2005 AICHI, JAPAN Pavilion Performance. Toyota [October 22, 2009].
  12. Toyota Traditions. Toyota [October 22, 2009].
  13. Toyota history: corporate and automotive. Toyoland.com [October 22, 2009].

[edit] External Links