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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]
In 1936, Toyota entered the passenger car market with its Model AA and held a competition to establish a new logo emphasizing speed for its new product line. After receiving 27,000 entries, one was selected that additionally resulted in a change of its moniker to "Toyota" from the family name "Toyoda", which means rice paddy.
There were many machines that had been used for many years and were not well maintained, [2] so Kiichiro was worried about whether the cars of Toyota Motor Corporation could beat foreign cars. Moreover, [3] if Toyota Motor Company couldn't complete a car that would be better and cheaper than a foreign car in a few years and that Japanese people ...
Kiichiro Toyoda: founder of Toyota and Toyoda Machinery; Born in 1894, after completing his education at Tokyo Imperial University, Toyoda joined the family business – the Toyoda Spinning & Weaving Co. in Aiichi Prefecture. Eventually, in the 1930s, he established a car-building factory, and the Toyota brand was born as a result.
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 ...
Kyoho kai group – Auto parts company – 211 companies. Kyouei kai group – Logistic/facility company – 123 companies. KDDI (Toyota owns 11.09% of the company); Nagoya Broadcasting Network (Toyota owns 34.6% and is the largest single shareholder in the company; 36.9% of the stock are directly and indirectly (through TV Asahi Holdings Corporation) owned by Asahi Shimbun, making it the ...
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.
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