that is founded on August 28‚ 1937 by Kiichiro Toyoda – Son of Sakichi Toyoda‚ where his father owns a company that specializes in manufacturing automatic looms. The company Toyota is one of the largest automotive manufacturers in the world‚ owning Lexus‚ Daihatsu and Hino‚ it was ranked 1st for producing the most units in 2010. At present‚ Fujio Cho – Chairman and Representative Director and Akio Toyoda (Grandson of Kiichiro Toyoda) – President and Representative Director are the key management people
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Despite many challenges Toyota has remained relatively financially stable consistent with the S&P 500 and continues to provide low cost high efficiency vehicles appealing to various demographics with the implementation of a high end luxury line (Lexus) as well as a line catering towards the younger market (Scion). Toyota Motor Company prides itself on the successful implementation of a lean manufacturing system including a one of a kind just in time production system. The success of their inventory
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Moreover‚ Toyota has grown to be a dominant force in the Australian automobile market with a market share of around 18 percent as at the end of the 2011 calendar year. Toyota Australia kept in the first place for selling 181624 vehicles (excluding Lexus)‚ which is more than any other single brand in the country in 2011. Meanwhile‚ Toyota satisfies all the diverse needs of customers in different market segments. For example‚ Toyota Australia introduced various ranges that cover most market sectors
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manufacture vehicles: Daihatsu Motor produces mini-vehicles‚ while Hino Motors produces trucks and buses. Additionally‚ Toyota makes automotive parts for its own use and for sale to others. Popular models include the Camry‚ Corolla‚ Land Cruiser‚ and luxury Lexus line‚ as well as the Tundra truck. Ford Motor Company is the second-largest automobile company in the world. Ford’s main focus is automobiles; however‚ they also operate in Ford Credit and Hertz Corporation. Ford also has controlling interest in Mazda
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not been up to company standards lately as there have been more customer complaints and serious lawsuits from customers. In 2010 alone‚ Toyota has had recalls on 400‚000 Avalons‚ 600‚000 Minivans‚ and over 400‚000 Prius vehicles as well as certain Lexus HS 250h models (Automotive Advertising Network‚ 2010). The Toyota quality process consist of Lean Six Sigma made popular by Motorola‚ Toyota‚ and General Electric. The iSixSIgma (2010) website‚ Six Sigma is a rigorous and disciplined method that uses
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The article‚ "The Lexus Hoverboard Is Real‚ but It Isn’t Coming to a Skate Park near You‚" discusses the various aspects of this new hoverboard known as the "Slide" and also argues the point that the hoverboard will not proceed into production. In order for the Slide to work‚ one needs: superconductors cooled by liquid nitrogen‚ magnets in the board‚ and a gargantuan amount of magnets in the ground. The fact that the board only works at an expensive‚ custom-built park in Barcelona causes author Tim
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I. THE PROBLEM AND ITS BACKGROUND Introduction Performance evaluation had evolved throughout the years and with the complexities of the firm’s operations‚ evaluating performance should use several measures and focus on both financial and nonfinancial aspects in order to be more reliable and be more effective. A balanced score card approach consist of an integrated system of performance measures that are derived from and support the company’s strategy. Different companies will have different
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the fourth largest car manufacturer in the world and by 1975 it jumped over Volkswagen to become the largest car importer in the U.S.. In the late 80’s Toyota started to develop new models and decided to enter the luxury market by the foundation of Lexus in ’89. Because of its success a further branching of the portfolio was maintained during the 90s by developing larger and more luxurious models (e.g. pick-ups‚ sport models‚ suv’s). Toyota also began production of today’s world-bestselling hybride
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References: Anca‚ L. (2010). Toyota Recall October 2010: 1.53 Million Cars Including Toyota Highlander‚ Avalon and Lexus. Retrieved from http://www.mibz.com/24372-toyota-recall-october-2010-1-53-million-cars-including-toyota-highlander-avalon-and-lexus.html Jackson‚ K. (2010). Toyota sales strategy threatens pricing power. Retrieved from http://adage.com/article?article_id=142897
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was an off-duty patrol officer Mark Saylor who was traveling on the interstate in Santee‚ California with three other family members also with him. All of a sudden his driving suddenly accelerates out of control and hits another car‚ his car (2009 Lexus ES350) then tumbles down an embankment and catches fire. When the car was accelerating to speeds of more than 100 mph‚ someone called 911 to report that they had no breaks‚ and during the crash all four were killed. On November 2‚ 2009‚ Toyota recalled
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