Toyota Motor Corporation
- September 12, 2020 08:09:22 AM
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Toyota Motor Corporation
Toyotaistheglobalmarketleaderinsalesofhybridelectricvehicles,andoneofthelargestcompaniestoencouragethemass-marketadoptionofhybridvehiclesacrosstheglobe.Toyotaisalsoamarketleaderinhydrogenfuel-cellvehicles.CumulativeglobalsalesofToyotaandLexushybridpassengercarmodelsachievedthe15millionmilestoneinJanuary2020.[10]ItsPriusfamilyistheworld'stop-sellinghybridnameplatewithover6millionunitssoldworldwideasofJanuary2017.[11]
ThecompanywasfoundedbyKiichiroToyodain1937,asaspinofffromhisfather'scompanyToyotaIndustries,tomanufactureautomobiles.Threeyearsearlier,in1934,whilestilladepartmentofToyotaIndustries,itdevelopeditsfirstproduct,theTypeAengine,anditsfirstpassengercarin1936,theToyotaAA.ToyotaMotorCorporationproducesvehiclesunderfivebrands,includingtheToyotabrand,Hino,Lexus,Ranz,andDaihatsu.Italsoholdsa20.02%stake[12]inSubaruCorporation,a5.9%stakeinIsuzuuntil2018,a5.5%stakeinMazda,a4.9%stakeinSuzuki,aswellasjoint-ventureswithtwoinChina(GACToyotaandSichuanFAWToyotaMotor),oneinIndia(ToyotaKirloskar),oneintheCzechRepublic(TPCA),alongwithseveral"nonautomotive"companies.[13]TMCispartoftheToyotaGroup,oneofthelargestconglomeratesinJapan.
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