Toyota also owns two other brands namely Lexus and Scion, which gives the company a lot of advantage over it’s other competitors. Toyota manufactures sedans, saloons, suvs, muvs, pick-up trucks and buses. During the year 2013 Toyota had approximately 333,498 employees, who were working globally. In March 2013, Toyota was ranked as the thirteenth biggest organization globally in terms of its revenue. In the following table we can see the financial report of Toyota Motor Corporation in the year 2013- REVENUE 22.064 TRILLION YENS OPERATING INCOME 1.320 TRILLION YENS NET ... ... middle of paper ... ...bile.asp.
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Toyota had more than 280,000 representatives at the end of monetary 2006" (Toyota Motor Corporation, 2006). A standout amongst the most testing issues the business has confronted in the late years has been stable reasonable development, and Toyota has taken this test to heart. Toyota has arrangements to make, "…cars that reflect the needs of clients and social order, Toyota will target practical development and help the advancement of the vehicles business" (Toyota Motor... ... middle of paper ... ...t® Encarta® Online Encyclopedia website: http://encarta.msn.com © 1997-2008 Microsoft Corporation. All Rights Reserved. Noon, Christopher.
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• Ford Motor Co. • General Motors • Honda Motor Co. • Toyota Motor Corp Ltd. • Nissan Motor Co. • Fiat Group • Volkswagen AG • Hyundai Motor Co. • Bayerische Motoren Werke AG (BMW) • Daimler AG (Mercedes-Benz) • Subaru Industry/Market Analysis Outlook for the Automotive Industry In 2013, Frost & Sullivan, a growth partnership company, set five predictions for the year. Some of these predictions included China selling twenty million vehicles, at least one brand consolidation, Volkswagen group to become the number one group, and for there to be one billion vehicles in operation (Singh, Surender and Kelly). Throughout the year, multiple of these predictions were met or were close to being met, meaning Frost & Sullivan make fairly accurate predictions of the coming year. For 2014, the predictions they have include expecting China to sell around twenty-three million vehicles and the United States to pass the sixteen million mark for sales, expecting two major original equipment manufacturers (OEMs) to cross ten million sales, expecting the luxury car market to increase possibly growing in double digits, and future car retailing to evolve and be... ... middle of paper ... ...F. Slater. "A Fresh Look at Industry and Market Analysis."
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2004 - Toyota publicly unveiled the Toyota Partner Robot, which is used to improve quality and reduce costs. 2010 - The Prius sales topped 2 million worldwide, and Tesla Motors agreed with Toyota to join the Electric Vehicle (EV) development. (Toyota Motor Corporation, 2011) Mission and Purpose Toyota is an automobile manufacturer that has become one of the largest in the world (Datamonitor, 2010). They are “engaged in the design, manufacture, assembly and sale of passenger cars, minivans and trucks and related parts and accessories” (Datamonitor, 2010). Toyota’s mission statement is to “Make things better.