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The Toyota Way is a set of principles defining the organizational culture of Toyota Motor Corporation. [1] [2] The company formalized the Toyota Way in 2001, after decades of academic research into the Toyota Production System and its implications for lean manufacturing as a methodology that other organizations could adopt. [3]
The company also has a financial services branch that offers financing to vehicle dealers and customers. Toyota is the second-largest car manufacturer in the world and [...] ESG Case Study ...
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.
Previously a textile company, Toyota moved into building automobiles in 1934. Kiichiro Toyoda, the founder of Toyota Motor Corporation, directed the engine casting work and discovered many problems in their manufacturing, with wasted resources on the repair of poor-quality castings. Toyota engaged in intense study of each stage of the process.
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]
Toyota's operations in North America began on October 31, 1957, and the current company was established in 2017 from the consolidation of three companies: Toyota Motor North America, Inc., which controlled Toyota's corporate functions; Toyota Motor Sales, U.S.A., Inc. which handled marketing, sales, and distribution in the United States; and ...
Odds from Car and Driver indicated that the alleged fatality risk was about 1 in 200,000 recalled Toyota vehicles, versus a 1 in 8,000 risk of a fatal car accident in any car in the U.S., [17] while Consumer Reports stated a 1 in 10,000 chance of an unintended acceleration complaint out of 20 million Toyotas on the road.
Toyota Connected North America is an information technology and data science company, founded in 2016 and based in Plano, Texas. [2] Toyota Connected is a subsidiary of Toyota Motor Corporation, founded in partnership with Microsoft, and is involved in research and the development of technology for in-vehicle services, telematics and other forms of artificial intelligence.