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Overview of Company

Toyota Motor Corporation is the world's largest automaker by volume, established in 1937 in Japan. It operates through automotive, financial services, and other segments. Toyota designs, manufactures, and sells vehicles and parts globally through 53 overseas manufacturing companies in 28 countries. In 2021, Toyota sold over 9.5 million vehicles despite challenges from the COVID-19 pandemic and parts shortages.

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41 views

Overview of Company

Toyota Motor Corporation is the world's largest automaker by volume, established in 1937 in Japan. It operates through automotive, financial services, and other segments. Toyota designs, manufactures, and sells vehicles and parts globally through 53 overseas manufacturing companies in 28 countries. In 2021, Toyota sold over 9.5 million vehicles despite challenges from the COVID-19 pandemic and parts shortages.

Uploaded by

Vamshi Krishna
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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TOYOTA MOTOR CORPORATION

COMPANY OVERVIEW
 Toyota Motor Corporation (TM) is the world’s largest automaker by volume. The Japanese auto
industry pioneer was established in 1937. The company’s name originated from the family name of
its founder, Kiichiro Toyoda.
 Toyota Motor Corporation’s headquarters are in Toyota City located in Aichi Prefecture, Japan. The company
has seen numerous ups and downs in its nearly 80-year history. In 1957, the company entered the US
market with the first export of Japanese passenger cars to the United States.
 Toyota manufactures and sells vehicles and spare parts globally. It operates through the following segments:
Automotive, Financial Services, and All Other.
 The Automotive segment designs, manufactures, assembles and sells passenger cars, minivans, trucks, and
related vehicle parts and accessories. It is also involved in the development of intelligent transport systems.
 The Financial Services segment offers purchase or lease financing to Toyota vehicle dealers and customers. It
also provides retail leasing through lease contracts purchased by dealers.
 The All Others segment deals with the design, manufacture, and sale of housing, telecommunications and
other businesses.
 Currently, the company operates its business worldwide with 53 overseas manufacturing companies in 28
countries and regions. The company’s vehicles are sold in more than 170 countries and regions.
 European auto giant Volkswagen (VLKAY) and Japanese automaker Toyota were founded in 1937.
However, this was much later than the foundation of other legacy automakers (XLY) such as Ford (F) in
1903 and General Motors (GM) in 1908.
 In FY 2021, the company’s worldwide sales reached approximately 9.51 million units (104.7% YoY),
the second highest level in history, thanks to the support of Toyota customers around the world.
 Worldwide production was approximately 8.57 million units (104.7% YoY) as a result of efforts by
related suppliers, despite the impact of the COVID-19 pandemic and parts supply shortages.
 Worldwide production in March 2022 reached a record high for a single month at approximately
870,000 units (102.8% YoY) resulting from strong overseas production, although production inside
of Japan fell below the previous year's level due to the impact of semiconductor shortages, system
failures at domestic suppliers, and operation suspensions caused by the Fukushima Prefecture
offshore earthquakes and other factors.
 The business environment remained harsh in 2022, due to the spread of Covid-19, soaring prices of
material and logistics costs, and chip shortages.
 While facing an unprecedented level of backorders, dealers, suppliers, and plants made tireless
efforts to deliver as many vehicles which resulted in increased in sales and profits.







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