In the 1960s, Toyota took advantage of a rapidly growing Japanese economy to sell cars to a growing middle-class, leading to the development of the Toyota Corolla, which would go on to become the world's all-time best-selling automobile. While still a department of Toyota Industries, the company developed its first product, the Type A engine in 1934 and its first passenger car in 1936, the Toyota AA.Īfter World War II, Toyota benefited from Japan's alliance with the United States to learn from American automakers and other companies, which would give rise to The Toyota Way (a management philosophy) and the Toyota Production System (a lean manufacturing practice) that would transform the small company into a leader in the industry and would be the subject of many academic studies. Both companies are now part of the Toyota Group, one of the largest conglomerates in the world. The company was originally founded as a spinoff of Toyota Industries, a machine maker started by Sakichi Toyoda, Kiichiro's father. Toyota is one of the largest automobile manufacturers in the world, producing about 10 million vehicles per year. It was founded by Kiichiro Toyoda and incorporated on August 28, 1937 ( ). Toyota Motor Corporation ( Japanese: トヨタ自動車株式会社, Hepburn: Toyota Jidōsha kabushikigaisha, IPA:, English: / t ɔɪ ˈ j oʊ t ə/, commonly known as simply Toyota) is a Japanese multinational automotive manufacturer headquartered in Toyota City, Aichi, Japan.
Toyota Motor Manufacturing Indonesia (95%)įiscal Year 2021 (FY21) is April 1, 2020, to March 31, 2021.
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