Toyota Motor Corporation, also known as simply Toyota, is a multinational Japanese automaker with headquarters in Toyota City, Aichi, Japan (Japanese:, Hepburn: Toyota Jidsha kabushikigaisha, IPA: [tojota], English: /tjot/). Kiichiro Toyoda established it, and it became a corporation on August 28, 1937. One of the biggest automakers in the world, Toyota produces around 10 million automobiles annually.
The business was first established as a subsidiary of Toyota Industries, a manufacturer of machines that Kiichiro Toyoda's father, Sakichi Toyoda, created. The Toyota Group, one of the biggest corporations in the world, now includes both businesses. The firm created its first item, the Type A engine, in 1934 when it was still a division of Toyota Industries, and its first passenger automobile, the Toyota, in 1936.
The Toyoda Model G Automatic Loom was created in 1924 by Sakichi Toyoda. The Toyota Production System later included the jidoka principle, which states that when a problem arises, the machine automatically pauses. A modest production line was used to construct looms. The automated loom invention was sold to the British business Platt Brothers in 1929, providing the seed money for the creation of automobiles.
Toyoda Automatic Loom Works formed an Automobile Division on September 1, 1933, and publicly proclaimed its plan to start manufacturing vehicles on January 29, 1934, both under the guidance of Kiichiro Toyoda, the founder's son. The first prototype sedan for the firm, the A1, was finished the following May after the prototype Toyota Type A engine was finished on September 25, 1934. The G1, the company's first truck, was finished on August 25, 1935, and it made its premiere on November 21 in Tokyo, becoming the company's first production model. Kiichiro first concentrated on truck manufacturing because he had no expertise with vehicle manufacture. The G1, which was based on a vintage Ford truck, went for $2,900, or $200 less than the Ford truck. 379 G1 trucks in all were eventually constructed.
The Model AA, Toyoda's first passenger vehicle, was finished in April 1936. The selling price was $3,350, which is $400 less than automobiles from Ford or GM. The business' Kariya factory was finished in May. Four G1 trucks were shipped to northeastern China in July as the business completed its first export deal. The Japanese imperial government formally recognized Toyota Automatic Loom Works as an automobile manufacturer on September 19, 1936.
The company's first car, the 1936 Toyota AA, was built while it was still a division of Toyota Industries.
As a tribute to the family name of the company's founder, Kiichir Toyoda, vehicles were first marketed under the name "Toyoda". The business held a public competition to create a new logo in September 1936. The winning submission out of 27,000 was three "Toyoda" katakana letters in a circle. Rizaburo Toyoda, who had married into the family and had not been given that name at birth, preferred the name "Toyota" () because it required eight brush strokes to write it in Japanese, which was considered to be a lucky number, was more aesthetically pleasing (without the diacritic at the end), and had a voiceless consonant rather than a voiced one (voiced consonants are considered to have a "murky" or "muddy" sound compared to voiceless consonants, which are "clear").
Toyoda roughly translates to "fertile rice paddies," therefore altering the name also helped the business avoid being connected to traditional farming. On August 28, 1937, the Toyota Motor Company Ltd. officially opened for business. Kiichiro's brother-in-law Rizaburo Toyoda was named the company's first president, while Kiichiro served as vice-president. On September 29, Toyota Automatic Loom Works formally transferred car manufacturing to the new organization.
The Japanese government assisted the firm by banning international competitors Ford and General Motors from importing vehicles into Japan.
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