Toyota was 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
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Sharon Garcia International Business management 4/13/11 The Global Automobile Industry in 2009 1To have a thriving and growing economy you have to have a strong manufacturing base that is outputting quality goods in large quantities. In the case of the United States much of the economy in the past has been built on housing sales and the automotive industry. America ’s modern automotive industry is being hurt by two things: Unionized labor and cheaper imports from Asia. Why build cars in North
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Case setup (facts offered by interviewer): ❑ Your client is a manufacturer of bicycles ❑ They have been in business for 25 years ❑ They manufacturer and sell three categories of bicycles: ➢ Racing bikes: High end‚ high performance bikes for sophisticated cyclists ➢ Mainstream bikes: Durable‚ but not overly complicated bikes for everyday riders ➢ Children’s bikes: Smaller‚ simpler versions of their mainstream bikes for children ❑ Profits at your client have decreased over the
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Automotives AUGUST 2012 For updated information‚ please visit www.ibef.org 1 Automotives AUGUST 2012 Contents Advantage India Market overview and trends Growth drivers Success stories: Maruti‚ Tata Motors Opportunities Useful information For updated information‚ please visit www.ibef.org 2 Automotives Advantage India AUGUST 2012 Growing demand • Innovation opportunities • FY16E Market size: USD145 billion Strong demand growth
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Headquartered in Toyota‚ Aichi‚ Japan‚ Toyota Motor Corporation is a Japanese automotive manufacturer with 338.875 employees worldwide‚ as of March 2014. Being the twelfth-largest company in the world by revenue‚ Toyota is the world’s first automobile manufacturer to produce more than 10 million vehicles per year. It is also the number one automobile manufacturer in Japan‚ the third largest manufacturer in the world by unit sales‚ but number eight in sales in Continental Europe. Founded by Kiichiro
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Toyota Announces New Organizational Structure and Executive Changes Toyota City‚ Japan‚ Mar 6‚ 2013 - (JCN Newswire) - Toyota Motor Corporation (TMC) announces that it will implement executive‚ organizational and personnel changes to further strengthen its management structure toward realizing the Toyota Global Vision announced in March 2011. The new structure is based on a review of the organization’s way of working and making decisions‚ and is aimed at achieving real competitiveness and
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3. TOYOTA HAS BUILT HUGE MANUFACTURING COMPANY THAT CAN PRODUCE MILLIONS OF CARS EACH YEAR FOR A WIDE VIRIETY OF CONSUMERS. WHY WAS IT ABLE TO GROW SO MUCH BIGGER THAN OTHER AUTO MANUFACTURERS? SUBSTANTIATE YOUR ANSWER BY PROVIDING CONCRETE MEASURES OR INTERVENTIONS THAT TOYOTA HAS DONE OR HAS BEEN DOING. Toyota was the first company to introduce lean manufacturing and total quality management practices in production of cars. For some time‚ the company was the only practitioner of these practices
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sense‚ foreign direct investment refers just to building new facilities. FDI Inflows to Automobile Industry have been at an increasing rate as India has witnessed a major economic liberalization over the years in terms of various industries. The automobile sector in India is growing by 18 percent per year. ------------------------------------------------- The Automobile Sector in India- The automobile sector in the Indian industry is one of the high performing sectors of the Indian economy
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1. INTRODUCTION Toyota is Japan’s biggest car company and the second largest in the world after General Motors. It produces around eight million vehicles per year‚ about a million fewer than the number produced by General Motors. Toyota markets vehicles in over 160 countries. The company dominates the market in Japan‚ with about 45% of all new cars registered in 2004 being Toyotas. Toyota also has entered in the uropean and North American market . It has significant market shares in several fast-growing
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Automobile Industry‚ India Automobile Industry Following India’s growing openness‚ the arrival of new and existing models‚ easy availability of finance at relatively low rate of interest and price discounts offered by the dealers and manufacturers all have stirred the demand for vehicles and a strong growth of the Indian automobile industry. The data obtained from ministry of commerce and industry‚ shows high growth obtained since 2001- 02 in automobile production continuing in the first
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