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Motors - Toyota

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The Japanese automotive company, Toyota Motor Corp., is one of the most successful manufacturers in the world. Toyota is Japan's largest car company. It produces more than 8.0 million cars, trucks, and other vehicles every year--just one million short of the total number of vehicles produced by the U.S. giant, General Motors. In Japan, Toyotas account for about 45 percent of the new cars registered every year. The company's incredible profitability shows no sign of slowing. Indeed, the company possesses more cash in reserve than do many small nations. Toyota is headquartered in Toyota City, Japan, but the company maintains assembly lines, factories, and distribution networks throughout the world. It operates many major plants in Australia, South Africa, the UK, the U.S., Indonesia, Brazil, Argentina, and elsewhere. Toyota's positive corporate culture and fiscally and socially responsible policies have earned it high marks with industry critics. Toyota automobiles, like the Camry and the Prius, are well regarded for their extremely low emission engines. The company manufactures a number of hugely popular name brand vehicles, including the Corolla, the Scion, the Lexus line, and Hino. In addition to the well-selling Toyota Camry, Corolla, Sequoia and Tacoma models, the company markets a vast suite of SUVs. Toyota's most popular SUV is the Land Cruiser. For four years (beginning in 1997), the Camry was the number one selling car in North America. In 2001, the Honda Accord took over the number one spot, but the Camry regained it again in 2002 thanks to its refurbished body.