Toyota is also the world’s largest auto manufacturer. This multi-national corporation employs about 316,000 people worldwide today. According to the 2008 Fortune Global 500, Toyota is the world’s 5th largest company. Toyota was hit by the global financial crisis in 2008 and was forced to report its first annual loss in December 2008.
In 1867, Sakichi Toyoda was born in Japan. In 1924 Toyoda invents the Toyoda Model G Automatic Loom. In 1929 the patent for the automatic-loom is sold to a British company. In 1930 Kiichiro Toyoda begins research on small gasoline-powered engine. In 1933 the company’s Automobile Department is established at Toyoda Automatic Loom Works, Ltd. In 1935 precepts are compiled. In 1936 the company completes the AA Sedan. The Toyota Motor Company Limited is established in 1937. In 1938 Toyota’s Honsha Plant begins production. In 1950 Toyota faces a financial crisis and the Toyota Motor Sales Company Limited is established. The Suggestion System begins in 1951. In 1955 Toyota launches the the Toyopet Crown, Toyopet Master and Crown Deluxe. The first prototypes of the Crown are exported to the USA in 1957. Toyota Motor Sales USA, Inc is established in the same year. Toyota’s Motomachi Plant begins production in 1959. A joint declaration of labor and management is signed in 1962. Toyota wins the Deming Application Prize for quality control in 1965. In 1966 Toyota launches the Corolla and begins a business tie-up with Hino Motors Ltd. In 1967 Toyota ties up business with Daihatsu Motor Company. In 1974 the Toyota Foundation is established. In 1975 Toyota starts their prefabricated housing business. In 1982 the Toyota Motor Company Ltd and Toyota Motor Sales Company Ltd are merged into the Toyota Motor Corporation. In 1984 Toyota begins a joint venture with General Motors (NUMMI) and begins production in the USA. Toyota Motor Manufacturing, USA, Inc. (present TMMK) begins production in 1988. The Lexus brand is launched in the USA by Toyota in 1989. Toyota Motor Manufacturing (UK) Ltd. begins production in 1992. The Prius is launched by Toyota as the world first mass-produced hybrid car in 1997. By 1999 cumulative domestic production reaches 100 million vehicles. Sichuan Toyota Motor Company Ltd. begins production in China in the year 2000. In 2001 Toyota Motor Manufacturing France S.A.S. begins production in France. In 2002 Toyota enters Formula 1 World Championship. Tianjin Toyota Motor Company Ltd. begins production in China. In 2004 Toyota unveils the Toyota Partner Robot publicly. The Lexus brand is introduced in Japan in 2005. Worldwide Prius sales tops the 1-million mark in 2008.
One can find classifieds for 2nd hand Toyota cars, bakkies and trucks in publications and on websites all around the world. This truly is one of the best known car brands in the world and needs no introduction. I’m sure that we will still be seeing Toyota vehicles on the road in the year 2050. I’ve seen Toyota vehicles that are still running perfectly, even though they’ve got more than 300,000 km on their dials.