Toyota Motor Corporation (Japanese: トヨタ自動車株式会社, Hepburn: Toyota Jidōsha KK,
IPA: [toꜜjota], English: /tɔɪˈoʊtə/) is a Japanese multinational automotive manufacturer
headquartered in Toyota, Aichi, Japan. In 2017, Toyota's corporate structure consisted of
364,445 employees worldwide[4] and, as of December 2019, was the tenth-largest company in the
world by revenue. Toyota is the largest automobile manufacturer in Japan, and the second-largest
in the world behind Volkswagen, based on 2018 unit sales.[5] Toyota was the world's first
automobile manufacturer to produce more than 10 million vehicles per year, which it has done
since 2012, when it also reported the production of its 200-millionth vehicle.[6] As of July 2014,
Toyota was the largest listed company in Japan by market capitalization (worth more than twice
as much as number 2-ranked SoftBank)[7] and by revenue.[8][9]
Toyota is the global market leader in sales of hybrid electric vehicles, and one of the largest
companies to encourage the mass-market adoption of hybrid vehicles across the globe. Toyota is
also a market leader in hydrogen fuel-cell vehicles. Cumulative global sales of Toyota and Lexus
hybrid passenger car models achieved the 15 million milestone in January 2020.[10] Its Prius
family is the world's top-selling hybrid nameplate with over 6 million units sold worldwide as of
January 2017.[11]
The company was founded by Kiichiro Toyoda in 1937, as a spinoff from his father's company
Toyota Industries, to manufacture automobiles. Three years earlier, in 1934, while still a
department of Toyota Industries, it developed its first product, the Type A engine, and its first
passenger car in 1936, the Toyota AA. Toyota Motor Corporation produces vehicles under five
brands, including the Toyota brand, Hino, Lexus, Ranz, and Daihatsu. It also holds a 20.02%
stake[12] in Subaru Corporation, a 5.9% stake in Isuzu until 2018, a 5.5% stake in Mazda, a 4.9%
stake in Suzuki, as well as joint-ventures with two in China (GAC Toyota and Sichuan FAW
Toyota Motor), one in India (Toyota Kirloskar), one in the Czech Republic (TPCA), along with
several "nonautomotive" companies.[13] TMC is part of the Toyota Group, one of the largest
conglomerates in Japan.
Toyota is listed on the London Stock Exchange, New York Stock Exchange and Tokyo Stock
Exchange.