It became the largest automobile manufacturer in the world for the first time in 2008, surpassing General Motors. Toyota Material Handing (Thailand) Co., Ltd. Toyota Industrial Equipment Vietnam Co., Ltd. Toyota Industries Commercial Finance Canada, Inc. Toyota Material Handling North America, Inc. Industrial Components and Attachments, Inc. Toyota Industries commercial Finance, Inc. Toyota Industries Compressor Parts America, Co. Toyota Industries Electric Systems North America, Inc. Toyota Industries Personnel Service of America, Inc. Toyota Industries Commercial Lease S.A.P.I. Corrections? de C.V. Manufacture and sales of car air-conditioning compressors. We assist customers worldwide in attaining greater logistics efficiencies by delivering materials handling solutions optimally tailored to their needs. In 1997, Toyota made another plan which providing internet services where it makes overseas supplier request for auto parts easier. [48] Toyota reports on its consolidated financial statements 540 consolidated subsidiaries and 226 affiliates. Updates? Toyota Motor North America (100% - 2004) Toyota Tsusho - Trading company for the Toyota Group . Tailift Machinery and Equipment (Qingdao) Co. Ltd. Toyota Material Handling (Shanghai) Co., Ltd. TD Automotive Compressor Kunshan Co., Ltd. Toyota subsequently established several related companies, including Toyoda Machine Works, Ltd. (1941), and Toyota Auto Body, Ltd. (1945). Installation and servicing of textile machinery, sales of supply parts. Please enable JavaScript to watch this content. Others deal in real estate, prefabricated housing units, and the import and export of raw materials. By signing up for this email, you are agreeing to news, offers, and information from Encyclopaedia Britannica. (That same year in…. The company continued to expand to new markets—specifically targeting younger buyers with the launch of its Scion brand (2003) and unveiling the world’s first luxury hybrid vehicle, the Lexus RX 400h (2005). This article was most recently revised and updated by, https://www.britannica.com/topic/Toyota-Motor-Corporation, Official Site of the Toyota Motor Corporation, Toyota Motor Company - Student Encyclopedia (Ages 11 and up), National Highway Traffic Safety Administration. Fewer than 50 countries belong to the United Nations. Toyota acquired such companies as Hino Motors, Ltd. (1966), a manufacturer of buses and large trucks; Nippondenso Company, Ltd., a maker of electrical auto components; and Daihitsu Motor Company, Ltd. (1967). In 1957 Toyota Motor Sales, U.S.A., Inc., was established, and the following year the company released the Toyopet sedan, its first model to be marketed in the United States; it was poorly received because of its high price and lack of horsepower. Board of Directors and Corporate Auditors, Great East Japan Earthquake Recovery Support. The Land Cruiser, a 4 × 4 utility vehicle released in 1958, was more successful. In 1999 Toyota was listed on both the London Stock Exchange and the New York Stock Exchange. Its first production car, the Model AA sedan, was released in 1936. ), materials handling equipment and electronics. Through our product creation activities, Toyota Industries is responding to social and environmental issues, and sharing the results of these efforts with stakeholders. Faced with wrecked facilities and a chaotic economy in the aftermath of World War II, the company did not resume making passenger cars until 1947 with the introduction of the Model SA. The company experienced significant growth well into the 21st century, with innovations such as its luxury brand, Lexus (1989), and the first mass-produced hybrid-powered vehicle in the world, the Prius (1997). Let us know if you have suggestions to improve this article (requires login). Toyota Material Handling Manufacturing Italy S.p.A. Toyota Material Handling Polska Sp. Look back at the history of Toyota, starting with the birth of founder Sakichi Toyoda. Ltd. Toyota Material Handling Australia Pty Limited, Toyota Material Handling Mercosur Indústria e Comércio de Equipamentos Ltda, Toyota Material Handling Europe Brussels NV/SA, Toyota Material Handling Manufacturing France SAS, Toyota Industries Electric Systems Europe GmbH, Toyota Material Handling Manufacturing Sweden AB, Toyota Industries Finance International AB. In addition to automotive products, its subsidiaries manufacture rubber and cork materials, steel, synthetic resins, automatic looms, and cotton and woolen goods. Toyota Motor Corporation, Japanese Toyota Jidōsha KK, Japanese parent company of the Toyota Group. Toyota Tsusho does business with customers around the world through a global network spanning around 120 countries and 1000 group companies. Toyota Textile Machinery (Shanghai) Co., Ltd. The company took its present name in 1982, when Toyota Motor Company was merged with Toyota Motor Sales Company, Ltd. Two years later Toyota partnered with General Motors Corporation in the creation of New United Motor Manufacturing, Inc., a dual-brand manufacturing plant in California, where Toyota began U.S. production in 1986. Our editors will review what you’ve submitted and determine whether to revise the article. Turning Changes in the Business Environment into Opportunities and Making Great Strides. In other words, "A Passion for Business", "On-Site, Hands-On, In-Touch" and "Teamwork", and other elements that make our company what it is, I would like to unite with the employees of the entire Toyota Tsusho Group and create new value, aiming to be a company that contributes to the building of a prosperous future for all. Toyota Material Handling Slovensko s.r.o. Besides its own 12 plants and 11 manufacturing subsidiaries and affiliates in Japan, Toyota has 45 manufacturing companies in 26 countries/locations, which produce Lexus and Toyota brand vehicles and components. In other words, "A Passion for Business", "On-Site, Hands-On, In-Touch" and "Teamwork", and other elements that make our company what it is, I would like to unite with the employees of the entire Toyota Tsusho Group and create new value, aiming to be a company that contributes to the building of a prosperous future for all. (The company’s name was changed to Toyota, which has a more pleasing sound in Japanese.) The following year the division was incorporated as the Toyota Motor Company, Ltd., headed by Kiichiro. Copyright © Beginning in 2014, millions of vehicles manufactured by Toyota and several other car companies were recalled by regulators in the United States because of potentially malfunctioning airbags produced by the Japanese automotive-parts supplier Takata. He had devoted his 63-year-long life to invention. Manufacture and Sales of industrial equipment, Sales and servicing of industrial equipment, Manufacture and sales of industrial equipment parts, North American headquarters for materials handling equipment business, Holding company for industrial equipment component business, Manufacture and sales of industrial equipment attachments, Manufacture and sales of car air-conditioning compressors and, Manufacture and sales of car air-conditioning compressor parts, Development and sales of electronics products, Toyota Material Handling Deutschland GmbH. 2002. Omissions? For several decades Toyota was Japan’s largest automobile manufacturer. Living and prospering together with people, society, and the globe, we aim to be a value-generating corporation that contributes to creation of a prosperous society. As of March 2003, Toyota was employing 264,000 people worldwide and marketing vehicles in more than 140 countries. Be on the lookout for your Britannica newsletter to get trusted stories delivered right to your inbox. Toyota Material Handling International AB. Manufacture and sales of foundry parts for automobiles, textile machinery, and industrial equipment; manufacture and sales of industrial equipment. Sales and marketing of industrial equipment, Manufacture and sales of industrial equipment, Manufacture and sales of car air-conditioning compressors and magnetic clutches, Development and sales of elecronics products, Holding company for materials handling equipment business in Europe, European headquarters for materials handling equipment business, Manufacture and sales of warehouse equipment, Sales and marketing of industrial equipment in Africa, Middle East and Latin America, Development, manufacture, and sales of yarn quality measurement and cotton classing instruments.