Financial report analysis:
TOYOTA VS MITSUBISHI
TOYOTA MOTOR CORPORATION
Toyota Motor Corporation (The Abbreviation is TMC) is a Japanese Multinational automaker from Aichi, Japan. In the exact 2010 year It is reported that He employed 300.734 employers worldwide (around the world) and He became the largest automobile manufacturer by its production and by Its revenue, Toyota ranked the 11th largest Company in the world and in July 2012 The Company reported that They had manufactured its 200 million vehicle or Motor mobile.
The Company was founded by Kiichiro Toyoda in 1937 from His Father’s company (spinoff) Toyota Industries to create automobiles. Toyota Motor Corporation has some Companies Group, such as Lexus, Daihatsu, Hino Motors (including Scion Motors) along with the “non-automotive” Companies. And for some information, TMC is a part of Toyota Group, which is one of the Conglomerates in all around the world.
Toyota started in 1933 as a division of Toyoda Automatic Loom Works devoted to the production of automobiles under the direction of the founder's son, Kiichiro Toyoda. Its first vehicles were the A1 passenger car and the G1 in 1935. The Toyota Motor Co. was established as an independent company in 1937. In 2008, Toyota's sales surpassed General Motors, making Toyota number one in the world. In 1924, Sakichi Toyoda invented the Toyoda Model G Automatic Loom. The principle of Jidoka, which means that the machine stops itself when a problem occurs, became later a part of the Toyota Production System. Looms were built on a small production line. In 1929, the patent for the automatic loom was sold to a British company, generating the starting capital for the automobile development. From September 1947, Toyota's small-sized vehicles were sold under the name "Toyopet". The first vehicle sold under this name was the Toyopet SA, but it also included vehicles such as the Toyopet SB light truck, Toyopet Stout light truck, Toyopet Crown, Toyopet Master and the Toyopet Corona. The word "Toyopet (Japanese article)" was a nickname given to the Toyota SA due to its small size, as the result of a naming contest the Toyota Company organized in 1947. However, when Toyota eventually entered the American market in 1957 with the Crown; the name was not well received due to connotations of toys and pets. The name was soon dropped for the American market but continued in other markets until the mid-1960s. Toyota received its first Japanese Quality Control Award at the start of the 1980s and began participating in a wide variety of motorsports. But due to the 1973 oil crisis consumers in the lucrative US market began turning into small cars with better fuel economy. American car manufacturers had considered small economy cars to be an "entry level" product, and their small vehicles employed a low-level of quality in order to keep the price low. In 1982, the Toyota Motor Company and Toyota Motor Sales merged into one company, the Toyota Motor Corporation. 2-years later, Toyota entered into a joint-venture with General Motors called NUMMI, the New United Motor Manufacturing, Inc., operating an automobile-manufacturing plant in Fremont, California. The factory was an old General Motors plant that had been closed for 2-years. Toyota then started to establish new brands at the end of the 1980s, with the launch of their luxury division Lexus in 1989. In the 1990s, Toyota began to branch out from producing mostly compact cars by adding many larger and more luxurious vehicles to its lineup. In 2001, Toyota's Toyo Trust and Banking merged with two other banks to form UFJ Bank, which was accused of corruption by the Japan's government for making bad loans to alleged Yakuza crime syndicates with executives accused of blocking Financial Service Agency inspections. The UFJ was listed among Fortune Magazine's largest money-losing...
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