Toyota Motor Corporation (TYO: 7203) is a multinational corporation
headquartered in Japan, and the world's largest automaker. Toyota employs
approximately 316,000 people worldwide.
The company was founded by Kiichiro Toyoda in 1937 as a spinoff from his
father's company Toyota Industries to create
automobiles. Three years earlier, in 1934, while still a department of
Toyota Industries, it created its first product, the Type A engine, and, in
1936, its first passenger car, the Toyota AA. Toyota also owns and operates
Lexus and Scion brands and has a majority shareholding stake in Daihatsu and
Hino Motors, and minority shareholdings in Fuji Heavy Industries, Isuzu Motors,
and Yamaha Motors. The company includes 522 subsidiaries.
Toyota is headquartered in Toyota City and Nagoya (both in Aichi), and in Tokyo.
In addition to manufacturing automobiles, Toyota provides financial services
through its division Toyota Financial Services
and also builds robots. Toyota Industries and Finance divisions form the bulk of
the Toyota Group, one of the largest conglomerates in the world.
On May 8, 2009, Toyota reported a record annual net loss of US$4.4 billion,
making it the latest automobile maker to be severely affected by the 2007-2009