2.0 COMPANY OVERVIEW 2.1 Company’s background Toyota Motor Corporation was founded in year 1937, August 28 by Kichiro Toyoda. His decision to take Toyoda Loom Works into automobile manufacturing creates Toyota Motor Corporation, the world's largest automobile manufacturer .Toyota Motor Corporation Limited. (TMC) was first established as a separated company from Toyoda Automobile Loom work which is leading in manufacturing of weaving machinery. Sakichi Toyoda, who is known as the king of investors is the head of Toyota Automobile Loom work. In 1950, the giant automaker faced its one and only strike.
Soon thereafter, the division produced its first Type A Engine in 1934, which was used in the first Model A1 passenger car in May 1935 and the G1 truck in August 1935. Production of the Model AA passenger car started in 1936. Although the Toyota Group is best known today for its cars, it is still in the textile business and still makes automatic looms (fully computerized, of course), and electric sewing machines which are available worldwide. During the Pacific War, the company was dedicated to truck production for the Imperial Army. Because of severe shortages in Japan, military trucks were kept as simple as possible.
Ford Motors first car was the Model A, which started production at a rented plant in Michigan. After a few months of existence Ford Motors was already making a profit on their Model A car. Automobiles in America were becoming a new trend and Ford Motors knew that automobiles weren’t going anywhere. They had introduced America to a new kind of market. In 1906 Ford Motors merged with Oldsmobile, Buick and Cadillac to become Americas #1 automobile maker.
This figure was partially caused by the lack of foreign service stations. So by the turn of the century, Volkswagen had 807 dealerships scattered across America. In the spring of 1959, a full page advertisement appeared in The New York Times with a picture of a man drinking coffee while his ... ... middle of paper ... ... with the first ever Volkswagen V-6 called the VR-6. In 1995 the VR-6 was named one of the top ten engines by Ward's Auto World. In 1998 Volkswagen introduced the New Beetle.
(Toyota Motor Corporation, 2006) Toyota dates back all the way to 1918 when, "Sakichi Toyoda established Toyoda Spinning & Weaving Co" (Toyota Motor Corporation, 2006). The original name was Toyoda, but the name was changed before the company went public, because Toyota was believed to be a luckier name than Toyoda. (Toyota Motor Corporation, 2006) By 1947 Toyota had produced more than 100,000 vehicles domestically, and the production of their second model hit the assembly lines.
1908 October 1, Henry Ford put the first of his T's on the road. The 4-cylinder, 20-horsepower T was available in two styles. The runabout sold for $825, the touring for $850. During the last three months of 1908, the Ford Motor Company sold 6,000 cars. William C. Durant sold 9,000 Buick’s during 1908.
Hyundai motors ranked as the fifth largest automaker in the world in the year 2007. Hyundai initially in 1976 exported pony which was independently produced vehicle. At present Hyundai export more than a million ranging from sedans, SUV, trucks buses etc. during 2010 it sold about 3.6 million cars worldwide which is 16.3% from 2009. In the year 1975 company determined to manufacture cars under the name of
Even though Henry Ford was not the first person to invent the automobile, Henry Ford had a motive to revolutionize the way people travel and it started with the mass production of the Model T. Today, automobiles are one of the most significant inventions that we still use to this day. Paved road systems are all around the world for automobiles to travel on. Along with Ford Motor Company, Dodge, Jeep, Chrysler, Chevrolet, GMC, and Lincoln have joined the competition of making automobiles. Henry Ford founded Ford Motor Company in 1903 (“Ford Motor Company”.). In 1908 GM was founded (“Company: History and Heritage”.)
Toyota Historical Timeline 1937 - Toyota Motor Corporation was established by Kiichiro Toyoda. 1957 - The car brand, Crown’s first prototype was exported to the United States and Toyota Motor Sales U.S.A Inc. established. 1950 - Toyota modernized their production facilities; Toyoda took the idea from Ford Motor Company plants that he visited in July of this year. 1965 - The Deming Application Prize for quality control was won by Toyota. 1967 - Their business partnership with Daihatsu Motor Co. Ltd. began.
In the early '60s, similar cars were developed from time to time. Everyone wanted to do one, but at the time there was really no corporate interest." When the Mustang sold 100,000 units in the first six months, and almost half a million the first year, GM took an interest. The responsibility for GM's Mustang fighter was given to the GM Design Center's Chevrolet Studio under the direction of Henry C. Haga. Interior design was directed by George Angersbach, who had been heavily involved in the design of the Corvette, Corvair, and the Chevy II, which became the Nova in 1969.