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Toyota Motor Co. was established as an independent and separate company in 1937. Although the founding family's name was written in the Kanji "豊田" (rendered as "Toyoda"), the company name was changed to a similar word in katakana - トヨタ (rendered as "Toyota") because the latter has 8 strokes which is regarded as a lucky number in East Asian culture. [3]
In 1950, Toyota was split into Toyota Motor Co. and Toyota Motor Sales Co. (sales arm of Toyota); the two companies merged in 1982 to create one unified company, with then-Toyota Motor Co. President Eiji Toyoda becoming chairman. Chairmen listed prior to 1982 below were for the pre-merger Toyota Motor Co. only. [114] [115] Rizaburo Toyoda (1937 ...
The Toyota Production System (TPS) is an integrated socio-technical system, developed by Toyota, that comprises its management philosophy and practices. The TPS is a management system [ 1 ] that organizes manufacturing and logistics for the automobile manufacturer, including interaction with suppliers and customers.
The luxury off-road vehicle we lust after as the Toyota Land Cruiser had humble origins in the 1930s and a utilitarian, military past during the Korean War.
After that, finally, the syndicate consisting of 24 banks was established through the placement of the Bank of Japan. Toyota Motor Company could get 188.2 million yen in loans, subject to Toyota's reconstruction plan formulation. [10] In this way, Kiichiro overcame the bankruptcy crisis of 1949.
The principles of the Toyota Way are divided into the two broad categories of continuous improvement and respect for human resources. [7] [8] [9] The standards for constant improvement include directives to set up a long-term vision, to engage in a step-by-step approach to challenges, to search for the root causes of problems, and to engage in ongoing innovation.
These numbers are still far behind ultra-popular names like the Toyota RAV4 8.5% growth to 475,193 units) and Camry (5.9% increase to 309,876), but the all-electric vehicles are catching up fast.
Toyota has introduced a left hand drive Hilux Vigo in August 2008 while a right hand drive facelifted model was introduced in September 2008. These facelifted models were introduced in the Philippines in October 2008. Toyota also introduced a four-door extended cab called "Smart Cab" to replace all Xtra Cab models in E and G grade.