Toyota Motor Corporation Hepburn: Toyota Jidōsha KK?, IPA: [toꜜjota], ) is a Japanese
automotive manufacturer headquartered in
Toyota, Aichi, Japan. In March 2014 the
multinational corporation consisted of 338,875 employees worldwide
[5] and, as of November 2014, is the
twelfth-largest company in the world by revenue. Toyota was the largest
automobile manufacturer in 2012 (by production) ahead of the
Volkswagen Group and
General Motors.
[7] In July of that year, the company reported the production of its 200-millionth vehicle.
[8] Toyota is the world's first automobile manufacturer to produce more than 10 million vehicles per year. It did so in 2012 according to OICA,
[7] and in 2013 according to company data.
[9] As of July 2014
[update], Toyota was the largest listed company in Japan by
market capitalization (worth more than twice as much as #2-ranked
SoftBank)
[10] and by revenue.
[11]
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 Motor Corporation produces vehicles under 5 brands, including the Toyota brand,
Hino,
Lexus,
Ranz, and
Scion. It also holds a 51.2% stake in
Daihatsu, a 16.66% stake in
Fuji Heavy Industries, a 5.9% stake in
Isuzu, and a 0.27% stake in
Tesla, as well as joint-ventures with two in China (
GAC Toyota and
Sichuan FAW Toyota Motor), one in India (
Toyota Kirloskar), one in the Czech Republic (
TPCA), along with several "nonautomotive" companies.
[12] TMC is part of the
Toyota Group, one of the largest conglomerates in the world.
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