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Toyo Tire Corporation (TOYO TIRE （ トーヨータイヤ ） 株式会社, TŌYŌ TAIYA Kabushiki-gaisha), commonly known as Toyo Tires, is a multinational tire and rubber products company based in Itami, Japan. The company owns and operates eight factories in Asia, North America, and Europe and distributes tires and automotive components ...
Toyota Motor North America (TMNA) is the operating subsidiary that oversees all operations of the Toyota Motor Corporation in Canada, Mexico, and the United States. Its operations include research and development, manufacturing, sales, marketing, after sales and corporate functions, which are controlled by TMNA but sometimes executed by other subsidiaries and holding companies.
TEMA was formed in April 2006 as the result of a merger of Toyota Motor Manufacturing North America (TMMNA) and Toyota Technical Center, U.S.A. (TTC). As part of the "One Toyota" initiative, TEMA merged with Toyota Motor Sales, USA (TMS) and Toyota Motor North America, Inc. ( TMA ), which controlled Toyota's corporate functions, to form Toyota ...
In 2005, the company was purchased by Sumitomo Corporation of America (SCOA), one of Japan's major integrated trading and investment business enterprises. In 2018, Michelin North America and Sumitomo Corporation of Americas combined their respective North American tire distribution and related service operations in a 50–50 joint venture ...
Toyoda Boshoku Corporation was founded by inventor Sakichi Toyoda in 1918, as a textile company. In 1942, it merged with its affiliates and became known as the Chuo Spinning Company, which then merged with the Toyota Motor Corporation in 1943.
In 1971, Toyo started Toyo Bearing Okayama Company to produce automotive tapered bearings and roller bearings in addition to founding American NTN Bearing Manufacturing Corporation. It was during that same year that Toyo finished construction on a manufacturing facility in Schiller Park , their first manufacturing facility in North America .
Installed US-made refining equipment and manufacturing equipments. Started manufacturing rubber belts, tires, hoses, etc. [3] (At this time, tires of this company are sold in Japan under the "Goodrich" brand) 1929 - Built a new Yokohama Factory in Heian-cho, Tsurumi-ku, Yokohama. [3] 1937 - Changed the tire brand to "Yokohama". [3]
Toyota established Toyoda Kinyu Kaisha (トヨタ金融株式會社) in 1936 to provide sales financing for Toyota cars. The dissolution of the Toyota zaibatsu in 1948 led to the trading division of Toyota Finance being spun off to a new company called Nisshin Tsusho Kaisha, Ltd. (日新通商株式会社) This company was renamed "Toyoda Tsusho" in 1956.