Toyota

Toyota

  • Submitted By: GraceLady
  • Date Submitted: 05/22/2013 6:52 PM
  • Category: Business
  • Words: 1809
  • Page: 8
  • Views: 2

1.A brief history of Toyota.

The Toyota Motor Corporation was founded in 1937 by Kiichiro Toyoda. It originally started as a subsidiary of his father’s company Toyoda Industries. The first vehicle, the Toyota AA, was produced in 1936 whilst the company was still associated with Toyoda. The brand as we know it became established as an independent company in 1937 and changed their name to Toyota. The name change was implemented to signify a separation of work and home, to simplify the pronunciation and because it only took 8 brush strokes (which is considered lucky) to write in Japanese. Toyota opened their first factory in 1938 but it had to be cease production during World War II.
In 1950 the Toyota Motor Sales Company was established and the company began production on the BJ Toyota Jeep, the BX truck and the SG small truck. In 1956 the Toyopet chain was established. The first vehicle to be sold under this name was the Toyopet SA. The product line was discontinued in the 1960s due to negative connotations with the words toy and pet. During the 1960s Toyota opened a new research and development facility as well as establishing a prominent presence in Thailand. During this time Toyota also celebrated the production of its 10 millionth model.
In 1982 the Toyota Motor Sales and Toyota Motor Company formed a merger to become one company, the Toyota Motor Corporation. Following this the company entered into a joint venture with General Motors called the New United Motor Manufacturing Incorporated or NUMMI. Toyota operated a manufacturing plant in Fremont, California as part of the deal. In 1989 Toyota launched their new luxury product line Lexus. Toyota then followed this by focusing more on luxury vehicles throughout the 1990s, adding vehicles such as the Camry sport, Scion, Prius and Tundra to their product line.
Toyota are currently one of the largest corporations developing hybrid vehicles for the commercial market. The company have also been involved in...

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