Search results
Results from the WOW.Com Content Network
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]
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.
In 1997, building on a previous partnership with Yamaha Marine, Toyota created "Toyota Marine", [203] [non-primary source needed] building private ownership motorboats, currently sold only in Japan. A small network in Japan sells the luxury craft at 54 locations, called the "Toyota Ponam" series, and in 2017, a boat was labeled under the Lexus ...
Sakichi Toyoda (豊田 佐吉, Toyoda Sakichi, March 19, 1867 – October 30, 1930) was a Japanese inventor and industrialist who founded Toyoda Automatic Loom Works (later Toyota Industries). The son of a farmer and sought-after carpenter, he started the Toyoda family companies.
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.
Ohno Taiichi (大野耐一, Ōno Taiichi, February 29, 1912 – May 28, 1990) was a Japanese industrial engineer and businessman. He is considered to be the father of the Toyota Production System, which inspired Lean Manufacturing in the U.S. [1] [2] He devised the seven wastes (or muda in Japanese) as part of this system.
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
The improved quality combined with the lowered cost created new international demand for Japanese products. Deming declined to receive royalties from the transcripts of his 1950 lectures, so JUSE's board of directors established the Deming Prize (December 1950) to repay him for his friendship and kindness. [ 22 ]