Toyota

Toyota

Toyota Motor Corporation (Japaneseトヨタ自動車株式会社 HepburnToyota Jidōsha KK?IPA: [toꜜjota]/tɔɪˈtə/) is a Japanese automotive manufacturer headquartered in Toyota, Aichi, Japan. In 2013 the multinational corporation consisted of 333,498 employees worldwide[3] and, as of March 2013, is the thirteenth-largest company in the world by revenue. Toyota was the largest automobile manufacturer in 2012 (by production).[4] In July of that year, the company reported the production of its 200-millionth vehicle.[5] Toyota is the world's first automobile manufacturer to produce more than 10 million vehicles per year. It did so in 2012 according to OICA,[4], and in 2013 according to company data.[6] As of November 2013, Toyota was the largest listed company in Japan by market capitalization (worth more than twice as much as #2-ranked SoftBank)[7] and by revenue.[8]

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 produces vehicles under 5 brands, including the Toyota brand, HinoLexusRanz, and Scion. It also holds a 51.2% stake in Daihatsu, a 16.66% stake in Fuji Heavy Industries, a 5.9% stake in Isuzu, and a 0.27% stake in Tesla, as well as joint-ventures with two in China (GAC Toyota andSichuan FAW Toyota Motor), one in India (Toyota Kirloskar), one in the Czech Republic (TPCA), along with several "nonautomotive" companies.[9] TMC is part of the Toyota Group, one of the largest conglomerates in the world.