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Toyota From Wikipedia, the free encyclopedia Jump to navigationJump to search This article is about the Japanese car manufacturer. For other uses, see Toyota (disambiguation). Toyota Motor Corporation Toyota carlogo.svg Toyota Headquarter Toyota City.jpg Headquarters in Toyota, Japan Native name	トヨタ自動車株式会社 Romanized name	Toyota Jidōsha kabushiki gaisha Type	Public (Kabushiki gaisha) Traded as TYO: 7203 NAG: 7203 NYSE: TM LSE: TYT Nikkei 225 component (TYO) TOPIX Core30 component (TYO) ISIN	JP3633400001 Industry	Automotive Founded	August 28, 1937; 84 years ago Founder	Kiichiro Toyoda Headquarters	Toyota City, Aichi, Japan Area served	Worldwide Key people Takeshi Uchiyamada (Chairman) Shigeru Hayakawa (Vice chairman) Akio Toyoda (President) Production output	Decrease 9,472,556 (FY21) Decrease 9,213,195 (2020) Services	Banking, financing, leasing Revenue	Decrease ¥27,214,594 million Decrease US$256.7 billion (FY21) Operating income	Decrease ¥2,197,748 million (FY21) Net income	Increase ¥2,282,378 million (FY21) Total assets	Increase ¥62,267,140 million Increase US$562 billion (FY21) Total equity	Increase ¥24,288,329 million (FY21) Number of employees	Increase 366,283 (FY21) Parent	Toyota Group through cross ownership: Toyota Industries cross-owns 8.28% Subaru Corporation cross-owns 3.17% Denso cross-owns 3.12% Divisions Lexus Ranz Scion (defunct) Toyota Subsidiaries Daihatsu Denso (25%) FAW Toyota (China, 50%) GAC Toyota (China, 50%) Hino Motors Toyota Argentina Toyota Auto Body Toyota Financial Services Toyota Motor Corporation Australia Toyota Motor Europe Toyota Motor East Japan Toyota Motor Kyushu Toyota Kirloskar Motors Toyota Motor Manufacturing Indonesia (95%) Toyota Motor North America Toyota Motor Philippines Toyota Motor Thailand (86%) Toyota South Africa Motors Website	global.toyota Footnotes / references Fiscal Year 2021 (FY21) is April 1, 2020 to March 31, 2021. References:[1][2] Toyota Motor Corporation (Japanese: トヨタ自動車株式会社, Hepburn: Toyota Jidōsha kabushiki gaisha, IPA: [toꜜjota], English: /tɔɪˈoʊtə/, commonly known as simply Toyota) is a Japanese multinational automotive manufacturer headquartered in Toyota City, Aichi, Japan. It was founded by Kiichiro Toyoda and incorporated on August 28, 1937. Toyota is one of the largest automobile manufacturers in the world, producing about 10 million vehicles per year.

The company was as a spinoff of Toyota Industries, a machine maker started by Sakichi Toyoda, Kiichiro's father. Both companies are now part of the Toyota Group, one of the largest conglomerates in the world. 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.

After 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.

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. The booming economy also funded an international expansion that would allow Toyota to grow into one of the largest automakers in the world, the largest company in Japan and the ninth-largest company in the world by revenue, as of December 2020. Toyota was the world's first automobile manufacturer to produce more than 10 million vehicles per year, a record set in 2012, when it also reported the production of its 200 millionth vehicle.

Toyota was praised for being a leader in the development and sales of more fuel efficient hybrid electric vehicles, starting with the introduction of the Toyota Prius in 1997. The company now sells more than 40 hybrid vehicle models around the world. However, more recently, the company has also been accused of greenwashing[by whom?] for its skepticism of all-electric vehicles and its focus on the development of hydrogen fuel cell vehicles, like the Toyota Mirai, a technology that is costlier and has fallen far behind electric batteries.[citation needed]

Toyota Motor Corporation produces vehicles under five brands: Daihatsu, Hino, Lexus, Ranz and the namesake Toyota. The company also holds a 20% stake in Subaru Corporation, a 5.1% stake in Mazda, a 4.9% stake in Suzuki, a 4.6% stake in Isuzu, a 3.8% stake in Yamaha Motor Corporation, and a 2.8% stake in Panasonic, as well as stakes in vehicle manufacturing joint-ventures in China (GAC Toyota and FAW Toyota), the Czech Republic (TPCA), India (Toyota Kirloskar) and the United States (MTMUS).

Toyota is listed on the London Stock Exchange, Nagoya Stock Exchange, New York Stock Exchange and on the Tokyo Stock Exchange, where its stock is a component of the Nikkei 225 and TOPIX Core30 indices.