Rise of Toyota
There’s no way that you aren’t acquainted with the name Toyota. Toyota Motor Corporation is among the world leaders today. The giant Automobile corporation is a Japanese origin company founded by Kiichiro Toyoda in the year 1937. Toyota Motor Corporation has been the world’s largest automobile manufacturer. You may know many things about Toyota Motor Corporation but many won’t be knowing that it also owns the brands Toyota, Lexus, Daihatsu, Hino & Ranz. Yes! all these brands come under one company name – Toyota Motor Corporation. Let’s know more what other surprises has Toyota got for the curious.
Toyota was founded in Japan in 1937 but it has grown a lot since then. It now sells in North America, Europe & Asia. Such large distribution of products for a company requires large production too and only largest companies in the world can produce such huge amount of products. Toyota was the first company ever to manufacture more than 10 million vehicles per year. It became the largest automobile company in the world in 2008 for the first time and since then it has topped the list many times. So you can estimate now that it has great production capacity, which is only possible because of the high demand due to quality and satisfaction delivered by Toyota itself. Toyota, in the current date, is the 8th largest company in the world. Since it started in 1937, it is in the mature stage of its lifecycle as the production is also on the peak.
Toyota Motor Corporation was not a complete car manufacturer from the beginning. Kiichiro Toyoda’s father owned the company quite earlier but at that time, it was not an automobile production corporation instead it was registered as Toyota Industries. It produced its 1st product as Type A engine until it’s first production car was produced which was Model AA Sedan. Only after this, in 1936, the company was registered as Toyota Motor Corporation
Rising so high, Toyota not only has created profit for itself but so many job opportunities as well. In the year 2017, there were around 364,400 employees. The huge amount of demand in the market for Toyota cars is a result of the effort of Toyota Motor Corp. to constantly advance with rising technology and put high technology in the hands of the common public. It is the dedication of Toyota engineers who combined the research in science from all over the world and the demand of the public to produce Hybrid Electric vehicles which has made the world look much similar to any Sci-Fi Futuristic movie.
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