In fiscal 2006, on a consolidated basis Toyota provided close to eight million vehicles to customers around the world under the Toyota, Lexus, Daihatsu, and Hino brands. Toyota had more than 280,000 employees at the end of fiscal 2006" (Toyota Motor Corporation, 2006). One of the most challenging problems the industry has faced in the recent years has been stable sustainable growth, and Toyota has taken this challenge to heart. Toyota has plans to manufacturer, " cars that reflect the needs of customers and society, Toyota will target sustainable growth and contribute to the development of the automobile industry" Toyota Motor Corporation, 2006). There is no doubt that this company will achieve these goals in the future, and it is expected that they will do it with record success just as they have done in the last decade.
Hyundai motors limited Hyundai motor co. established in the year 1967 which is a south Korean largest auto producer as well as sold up to 659,550 units in the Korean domestic market in the year 2010. Initially Hyundai started with assembling cars and trucks for the ford company in their own factory. In the year 1975 Hyundai manufactured its first car named ‘Hyundai cortina’ in partnership with ford. After two years of time Hyundai has become 13th largest automaker in the world by holding 2% of share of world retail market. Hyundai motors ranked as the fifth largest automaker in the world in the year 2007.
Germany produces 9 percent, Spain, France, South Korea, and Canada each produce 5 percent of the international market in 1997. In the US alone, the auto industry, which includes it’s 500,000 car-related businesses, create 12 million jobs. The automobile is clearly an oligopoly, but each company’s control of the market has gradually diminished because of rising foreign competition. The US has three main auto manufacturers, Japan has five major producers as does Germany. Each of these companies produce differentiated versions of the same product, have control over their products’ prices, and rely heavily on non-price competition.
Introduction Toyota has been well-known for long time as the one of the best motor companies in the world. In Thailand, Toyota’s cars are very popular. Moreover, Toyota Service Center has many branches and located all over Thailand. I am interested in Toyota Company because I heard about this company since I was born. Therefore, I would like to do research on Toyota Motor Corporation to learn and understand more about what makes Toyota such a successful company.
Automotive Industries Sendirian Berhad (AISB) is the Leading OEM maker for Exhaust System & Reinforcement Instrument Panel. AISB is committed to Research & Development (R&D) and a culture of excellence. Sankei Industry of Japan began a permanent R&D partnership with AISB’s in 1985. In addition, AISB has applied the Toyota Production System (TPS) initiatives to enhance the efficiency. AISB is also associating with 7 TA partners; mainly worldwide exhaust makers from Japan & USA for technical development of exhaust system.
History of Toyota Replica of the Toyota Model AA, the first production model of Toyota in 1936 The story of Toyota Motor Corporation began in September 1933 when Toyoda Automatic Loom created a new division devoted to the production of automobiles. Quickly thereafter, the division produced its first Type A Engine in 1934, which in turn was used for the production of the first Model A1 passenger in May 1935 and the G1 truck in August 1935. Production of the model AA passenger started in 1936. Although the Toyota Group is most well known today for its cars, it is still in the textile and still makes automatic looms (fully computerized, of course). Establishment of Toyota Motor Co. and WWII 1936¨C1946 Toyota Motor Co. was established as an independent company in 1937.
The Big Three" hold nearly 75% of the market and produce over 8 million automobiles per year. The largest competitors of " The Big Three" are Japanese auto producers that include Toyota, Nissan, and Honda. These three foreign manufacturers hold 20% of the market and produce about 2.7 million automobiles per year. General Motors Company, the world's largest automobile producer, originally was composed of four major vehicle manufacturers- Buick, Cadillac, Oldsmobile, and Oakland which became Pontiac. Presently, General Motors is made up of Buick, Cadillac, Oldsmobile, Chevrolet, Pontiac, and Saturn.
The first engine was developed in 1934, and the first car and truck were constructed the following year. In the post-war year of 1945, Toyota began fast expansion after the authorization from the United States military to spawn peacetime production. At first, the main focus of the Japanese company were there manufacturing of trucks. The Toyopet, “the first truly popular Toyota car,” was built in 1947. In the proceeding five years the company built only two hundred and fifteen cars of this model.
Ford Motor Company Address: The American Road Dearborn, Michigan 48121, USA Public Company Incorporated: July, 1918 Employees: 383,300 Sales: $62.17 billion Stock Index: New York, Boston, Pacific Midwest, Toronto, Montreal, London Until recently, the Ford Motor Company has been one of the most dynastic of American enterprises, a factor which has both benefited the company and has brought it to the brink of disaster. Today Ford is the second largest manufacturer of automobiles and trucks in the world, and it’s operations are well diversified, both operationally and geographically. The company operates the worlds second largest finance company in the world, and is a major producer of tractors, glass and steel. It is most prominent in the US, but also has plants in Canada, Britain and Germany, and facilities in over 100 countries. Henry Ford I, the founder of Ford Motor Company, was born on a farm near Dearborn, Mi in 1869.
The Automotive Industry In the U.S., the 2007 market was approximately 15.9 million cars and light trucks sold, down from about 16.5 million the previous year. Production in North America, during 2006, including cars and trucks of all types, totaled 11.8 million produced in America, 2.6 million produced in Canada and 2 million produced in Mexico. Globally, about 53 million new cars were sold in 2007, up from about 49 million the previous year. These estimates are from Scotiabank Group. There are approximately 244 million vehicles in operation in the United States.