Toyota Motor Corporation, located in the city of Toyota Japan, is the world’s best selling automobile manufacturer. Toyota also owns Lexus and Scion, and is a major share holder in Daihatsu Motors. Toyota also has holding in companies such as Isuzu Motors, Fuji Heavy Industries, and Yamaha Motors as well.
Toyota got its start in 1933 with Toyoda Automatic Loom Works, founded by Sakichi Toyoda. In 1933, Toyoda created a division of Toyoda Automatic Loom Works specifically devoted to the research and development of automobiles, headed by his son Kiichiro Toyoda, who later became the founder of Toyota Motor Corporation. Toyoda traveled to the United States in order to research the automobiles being produced there.
By 1934, Toyoda had produced its first engine called the Type A Engine. This engine was a close copy of the Chevrolet Stovebolt Engine. The Type A Engine was used in Toyoda’s first automobile called the Model A1, which was produced in May, 1935. It was also used in Toyoda’s first pick-up truck called the G1, which was produced in August, 1935.
By 1937, Toyota Motor Co. was set up as a separate and autonomous company, with its name changed from Toyoda, to Toyota. During World War II Toyota supplied the Japanese Army, until their factories were bombed. After the war, Toyota began manufacturing commercial passenger cars again in 1947. In 1950, the Toyota Crown became the first car from Toyota to be exported to the United States. In 1970, Toyota was awarded its first quality control award in Japan. During the oil shortage in 1973, U.S. customers began to turn to smaller more fuel efficient cars. While some U.S. car companies had compact cars, most were very low quality and not very reliable. Since Toyotas were small and high quality cars, Americans began to buy them.
In 1989, Toyota launched its luxury line, Lexus. They also began to expand the number and types of cars they produced. They came out with a full sized pickup, the T100, several...