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This is the new muscle car age, with competition and corporate pride higher than ever. Some say that automotive racing began when the second car was built. For over a hundred years, competition has driven innovation in the car industry, thus the industry maxim “Win on Sunday, sell on Monday.” NASCAR and drag racing contributed greatly to muscle cars’ success. Muscle cars were born from these competitions as factory made race cars. Because of this, the muscle car quickly moved from a low quantity specialty item to the image of the American automotive scene.
Toyota has additionally been one of the commercial ventures pioneers in creating new and imaginative innovations that exploit the businesses current obstacles. A standout amongst the most noteworthy things about this organization is the scale, and the worldwide foot shaped impression that they as of now oversee. Toyota Motor Corporation is one of the world's illustrative vehicles producers, generating vehicles in 26 nations and areas and showcasing vehicles in more than 170 nations and locales. In financial 2006, on an united premise Toyota gave near eight million vehicles to clients far and wide under the Toyota, Lexus, Daihatsu, and Hino brands. Toyota had more than 280,000 representatives at the end of monetary 2006" (Toyota Motor Corporation, 2006).
The company’s mission and vision revolves around the context of “One Ford”; that is, one team, one plan, one goal-whereby the overall vision is to deliver profitable growth for all (Ford, 2014). Its social responsibility statement is to create long-term value as a corporate citizen. The company believes that it is only as strong as the community in which it operates within (Ford, 2014). Market Share and Competition According to CSRwire (2014), the Ford Motor Company currently operations across six continents, and has got over 70 manufacturing plants worldwide. Its market share as of 2002 was about 15.3% in the United States, and 7.9% in Europe (Ford, 2014).
Retrieved from http://seekingalpha.com/article/890341-the-turnaround-story-that-is-toyota Harmon, P. (2012). Once more: Lean, the toyota production. BPTrends, Retrieved from http://www.bptrends.com/publicationfiles/advisor20121023.pdf Enterprise value - ev. Investopedia, Retrieved from http://www.investopedia.com/terms/e/enterprisevalue.asp Market watch. (2014, March 19).
Make things better. www.toyota.ca/cgi-bin/WebObjects/WWW.woa/7/wo/Home.AboutToyota-UMrm Toyota Motor Corporation, (2011). History of toyota. www.toyota-global.com/company/history_of_toyota/ Toyota Motor Corporation, (2011). Non-automotive business.