About Toyota

Corporate governance
Toyota is headquartered in Toyota City, Aichi. The main headquarters of Toyota is located in a three story building in Toyota. As of 2006 the head office has the "Toyopet" Toyota logo and the words "Toyota Motor". The Toyota Technical Center, a 14-story building, and the Honsha plant, Toyota's second plant engaging in mass production and formerly named the Koromo plant, are adjacent to one another in a location near the headquarters. Vinod Jacob from The Hindu described the main headquarters building as "modest". In 2013 company head Akio Toyoda reported that it had difficulties retaining foreign employees at the headquarters due to the lack of amenities in the city.
Its Tokyo office is located in Bunkyo, Tokyo. Its Nagoya office is located in Nakamura-ku, Nagoya. In addition to manufacturing automobiles, Toyota provides financial services through its Toyota Financial Services division, and also builds robots.
President of Toyota Motor Company:
- Rizaburo Toyoda (1937–1941)
- Kiichiro Toyoda (1941–1950)
- Taizo Ishida (1950–1961)
- Fukio Nakagawa (1961–1967)
- Eiji Toyoda (1967–1981)
- Shoichiro Toyoda (1982-1992)
- Tatsuro Toyoda (1992-1995)
- Hiroshi Okuda (1995-1999)
- Fujio Cho (1999-2005)
- Katsuaki Watanabe (2005-2009)
In 1981, Toyota Motor Co., Ltd. announced plans to merge with its sales entity Toyota Motor Sales Co., Ltd. Since 1950, the two entities existed as separate companies due to a prerequisite for reconstruction in postwar Japan. Shoichiro Toyoda presided over Toyota Motor Sales in preparation for the consummation of the merger that occurred in 1982—Shoichiro then succeeded his uncle Eiji as the President of the combined organization that then became known as Toyota Motor Corporation.
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 (2006–2013)
- Takeshi Uchiyamada (2013–present)
Financial results
In 2011, the Toyota Group (including Daihatsu, Hino and Chinese joint ventures) fell to place three with 8,050,181 units produced globally. According to an unofficial count, based on unit production reported by major automakers, Toyota regained its top rank with 9,909,440 units produced globally in calendar 2012. On May 8, 2013, Toyota announced plans to produce 10.1 million units in fiscal 2013, which, if achieved, would make it the first auto manufacturer to cross the 10 million unit threshold.
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. Toyota's financial unit had asked for an emergency loan from a state-backed lender on March 16, 2009, with reports putting the figure at more than US$3 billion. It said the international financial situation was squeezing its business, forcing it to ask for an emergency loan from the Japan Bank for International Cooperation. This was the first time the state-backed bank has been asked to lend to a Japanese car manufacturer.
On May 8, 2013, Toyota Motor Corporation announced its financial results for the fiscal year ended March 31, 2013. Net revenues totaled 22.0 trillion yen (US$ 216,7 billion, +18.7%). Operating income was 1.32 trillion yen (US$13 billion, +371%), net income 962.1 billion yen (US$9.47 billion, +239%)
1990s
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 T100 (and later the Tundra); several lines of SUVs; a sport version of the Camry, known as the Camry Solara; and the 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 Prius, in 1997.
With a major presence in Europe, due to the success of Toyota Team Europe, the corporation decided to set up Toyota Motor Europe Marketing and Engineering, TMME, 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 and London Stock Exchanges.
2000s
In 2001, Toyota's Toyo Trust and Banking merged with two other banks to form UFJ Bank, which was accused of corruption by Japan's government for making bad loans to alleged Yakuza crime syndicates with executives accused of blocking Financial Service Agency inspections. The UFJ was listed among Fortune Magazine's largest money-losing corporations in the world, with Toyota's chairman serving as a director. At the time, the UFJ was one of the largest shareholders of Toyota. As a result of Japan's banking crisis, UFJ merged with the Bank of Tokyo-Mitsubishi to become the Mitsubishi UFJ Financial Group.
In 2002, Toyota managed to enter a Formula One works team and establish joint ventures with French motoring companies Citroën and Peugeot a year after Toyota started producing cars in France.
Toyota ranked eighth on Forbes 2000 list of the world's leading companies for the year 2005 but slid to 55 for 2011. The company was number one in global automobile sales for the first quarter of 2008.
In 2007, Toyota released an update of its full-size truck, the 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 RAV4 in Woodstock, Ontario, Canada, and the other to build the Toyota Prius in Blue Springs, Mississippi, USA. This plant was originally intended to build the Toyota Highlander, but Toyota decided to use the plant in Princeton, Indiana, USA, instead. The company has also found recent success with its smaller models—the Corolla and Yaris—as gasoline prices have risen rapidly in the last few years.
Marketing
Toyota's marketing efforts in North America have focused on emphasizing the positive experiences of ownership and vehicle quality. The ownership experience has been targeted in slogans such as "You asked for it! You got it!" (1975–1979), "Oh, what a feeling!" (1979 – September 1985, in the US),"Who could ask for anything more?" (September 1985 – 1989), "I love what you do for me, Toyota!" (1989–1997), "Everyday" (1997–2001)", "Get the feeling!" (2001–2004), "Moving Forward" (2004–2012), and "Let's Go Places" (2012–present)
Sports
Further information: Toyota Racing Development, Toyota in motorsports and Toyota Motorsport GmbH
Toyota sponsors several teams and has purchased naming rights for several venues, including:
- Toyota Center, Houston, Texas
- Toyota Center, Kennewick, Washington
- Toyota Field, San Antonio, Texas
- Toyota Park, Bridgeview, Illinois
- Toyota Sports Center, El Segundo, California
- Toyota Stadium, Georgetown, Kentucky
- Toyota Stadium, Frisco, Texas
Aerospace
Toyota is a minority shareholder 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. Toyota has also studied participation in the general aviation market and contracted with Scaled Composites to produce a proof-of-concept aircraft, the TAA-1 in 2002.
Philanthropy
Toyota is supporter of the Toyota Family Literacy Program along with National Center for Family Literacy, helping low-income community members for education, United Negro College Fund (40 annual scholarships), National Underground Railroad Freedom Center (US$1 million) among others. Toyota created the Toyota USA Foundation. Toyota has also donated its kaizen management practices training to charities such as the Food Bank For New York City to improve services to the poor.
Toyota is supporter of the Toyota Family Literacy Program along with National Center for Family Literacy, helping low-income community members for education, United Negro College Fund (40 annual scholarships), National Underground Railroad Freedom Center (US$1 million) among others. Toyota created the Toyota USA Foundation. Toyota has also donated its kaizen management practices training to charities such as the Food Bank For New York City to improve services to the poor.
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 the "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." It has contributed to a number of local education and scholarship programs for the University of Kentucky, Indiana, and others.
Robotics
In 2004, Toyota showcased its trumpet-playing robot.[145] Toyota has been developing multitask robots destined for elderly care, manufacturing, and entertainment. A specific example of Toyota's involvement in robotics for the elderly is the Brain Machine Interface. Designed for use with wheelchairs, it "allows a person to control an electric wheelchair accurately, almost in real-time", with their mind.[146] The thought controls allow the wheelchair to go left, right and forward with a delay between thought and movement of just 125 milliseconds.[146] Toyota also played a part in the development of Kirobo, the world's first 'robot astronaut'.