Toyota Motors is 70-years old. Headquartered in Japan, it is one of the world's largest automobile manufacturers. The company was founded in 1937 by Kiichiro Toyoda as a spinoff from his father's company Toyota Industries to manufacture automobiles.
Fujio Cho, is the chairman of the company. Toyota also owns and operates Lexus and Scion brands. Toyota's management philosophy is 'lean manufacturing' and 'just in time production'. Toyota continues to promote localisation, based on the principle of producing vehicles in those countries or regions where demand exists.
In Japan, Toyota has equipped Takaoka plant with the company's most-advanced technologies. In R&D, Toyota is continuing to focus its efforts in the three key areas of the environment, safety and energy. Toyota has positioned hybrid technologies as core technologies that can contribute to resolving environmental issues. Toyota Motor Co reported sales to the tune of $203.80 billion and profits stood at $13.99 billion in 2007.
Fujio Cho, is the chairman of the company. Toyota also owns and operates Lexus and Scion brands. Toyota's management philosophy is 'lean manufacturing' and 'just in time production'. Toyota continues to promote localisation, based on the principle of producing vehicles in those countries or regions where demand exists.
In Japan, Toyota has equipped Takaoka plant with the company's most-advanced technologies. In R&D, Toyota is continuing to focus its efforts in the three key areas of the environment, safety and energy. Toyota has positioned hybrid technologies as core technologies that can contribute to resolving environmental issues. Toyota Motor Co reported sales to the tune of $203.80 billion and profits stood at $13.99 billion in 2007.
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