Toyota

Toyota Motor Corporation began in 1937 as a rotate off from a weaving company called Toyoda Automatic lallygag Works. In 1929, Sakichi Toyoda, head of Loom Works, sold a indubitable to the Platt Brothers in the UK. He used this m unmatchedy to create Toyotas first automobile. In 1943, Toyota merged with Chuo Spinning corporation. Four years later, Toyota introduced the SA Model. In 1959, Toyota began manufacturing automobiles oversees starting in Brazil. At this time, they had also begun to export cars to the US market. In 1966, Hino Motors was acquired, followed by Daihatsu in 1967. By 1970, Toyotas production system was luxurianty established incorporating methods used today. Techniques much(prenominal) as Jidoka, Just-in-time, and Kaizen help to reduce inventory and defects. Toyota began to expand into the living accommodations industry in 1975 and created a joint venture with the Shin-Etsu chemic Company in 1989. Subsidiaries were established in Poland, Hungary, an d Russia in the 1990s. magnification move throughout Europe, South Africa and later into Asia. In April 2002, a European holding company was set up to forthwith manufacturers and sales. In June 2003, Toyota introduced a Thailand-Australia research and development base, their third one overseas. A marketing partnership was established with Ebay in February 2004.

Ebay offered automotive sponsorship and in return Toyota donated vehicles for charity auctions and included links to Ebay items piece of medication showcasing their vehicle line-up. In September 2004, $460 million was invested to build a new manufacturing plant in China that was said to devil 100! ,000 cars annually. In December 2004, Toyota announced the merger of their join American engineering and manufacturing facility to create Toyota Motor Engineering & Manufacturing wedlock America (TEMA). This has been said to be launched within the first vi months of 2006. 6Toyotas current chairman is Hiroshi Okuda. The company employs 264,410 workers. They operate in 26 countries and markets to over 140...If you want to get a full essay, bless it on our website: BestEssayCheap.com

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