Top 10 Automobile Brands in United Kingdom (UK) 2016
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Toyota Motor Corporation is a Japanese automaker which sells its vehicles worldwide.
The company has its headquarters in Aichi, Japan, and is the first company in the world to have produced ten million vehicles in a year. It is the biggest listed company in Japan in terms of market capitalisation or in terms of revenue.
The company is listed on both Tokyo Stock Exchange and New York Stock Exchange. The company went public in the year 1949. Akio Toyota is the current Chief Executive Officer.
Toyota was founded in the year 1937 by Kiichiro Toyoda which was a spin off from its father’s business. The company produces and markets its vehicles under five brands namely, Lexus, Scion, Hino, Ranz and Toyota. The company also has joint ventures and holds stakes in companies like Isuzu, Daihatsu, Yamaha, Tesla, Sichuan. In India, it has a joint venture with Kirloskar group. The company also has a financial services division.
Toyota Production Systems, Just In Time and Lean Manufacturing are the words that strike one’s mind when talked about Toyota. The Japanese company uses a very different way of production called Just In Time production system that reduces flow time and minimises waste. This helped the Japanese automakers to give a stiff competition to United States automakers in 1980s. Toyota is also the world’s leader in sales of hybrid electrical vehicles under the brand name Prius. It is also actively involved in producing hydrogen fuel cell engines. Toyota also manufactures and sells luxury cars under its Lexus brand, trucks and buses. It also sponsors many racing events worldwide. The company supports a number of philanthropic activities in Japan.