Toyota Industries Corporation
Toyota Industries Corporation
Toyota Industries Corporation (株式会社豊田自動織機, Kabushiki-gaisha Toyota Jidō Shokki) is a Japanese machine maker. Originally a manufacturer of automatic looms, it is the company from which Toyota developed. It is the world’s largest manufacturer of forklift trucks measured by revenues.
The company was founded in 1926 as Toyoda Automatic Loom Works, Ltd. by Sakichi Toyoda, the inventor of a series of manual and machine-powered looms. The most impressive of these was the 1924 Toyoda Automatic Loom, Type G, a completely automatic high-speed loom featuring the ability to change shuttles without stopping and dozens of other innovations. At the time it was the world’s most advanced loom, delivering a dramatic improvement in quality and a twenty-fold increase in productivity. In 2007, this machine was registered as item No. 16 in the Mechanical Engineering Heritage of Japan as “a landmark achievement that advanced the global textile industry and laid the foundation for the development of the Toyota Group.”
In 1933, the company established its automobile department, led by Kiichiro Toyoda, the eldest son of Sakichi Toyoda. This department was spun off as Toyota Motor Co., Ltd. in 1937 and is now known as Toyota Motor Corporation. Toyota Industries is one of 13 core companies of the Toyota Group. The company owns 5.55% of Toyota Motor and is the largest shareholder (excluding trust revolving funds). As a countermeasure against hostile merger and acquisition attempts, Toyota Motor currently holds 23.5% of common stock of its parent company Toyota Industries.
Toyota Industries is active in 5 business areas: automotive, materials handling, electronics, logistics and textile machinery.
Toyota-branded forklifts from Toyota Industries share the same logo as Toyota automobiles from Toyota Motor Corporation and are manufactured at the Toyota Industrial Equipment Manufacturing (TIEM) facility in Columbus, Indiana.
Toyota Industries Corporation is under contract from Toyota Motor Corporation for the production of the Toyota Vitz/Yaris and theToyota RAV4. The company manufactures automotive engines for use in Toyota-brand automobiles such as Avensis, Corolla, Crown,Land Cruiser.
In 2000, Toyota Industries acquired the Swedish-based forklift truck corporation BT Industries, alongside BT’s subsidiaries, U.S.-based The Raymond Corporation and the Italian CESAB. Combined with Toyota Industries materials handling division, this created the largest forklift company in the world, Toyota Material Handling Corporation.
In October 2012, Toyota Industries acquired Cascade Corp, a maker of parts for the lift trucks industry, for a fee of $728 million.
The company’s shares are traded on the Tokyo Stock Exchange under symbol 6201.T.
Toyota Automobile Museum
The Toyota Automobile Museum (トヨタ博物館 Toyota Hakubutsukan) is a large museum showcasing Toyota’s storied past. It is a large complex located in Nagakute city, a city close to Nagoya, Japan. Unlike the Toyota USA Automobile Museum, however, the museum in Nagoya also features many cars from other manufacturers -such as Alfa Romeo and DeLorean Motor Company- as well as artwork. The reserve collection includes some exceptional examples such as the 1922 Grand Prix Sunbeam.
The museum should not be confused with the Toyota Commemorative Museum of Industry and Technology, also located in Nagoya.
List of Vehicles (partial):
- Alfa Romeo 6C 1750 Gran Sport
- BS Motors
- Benz Velo
- Benz Patent Motorwagen (duplicate)
- Cadillac Model A
- Citroen C3 type 5CV
- Chevrolet Series 490 (1918)
- Daihatsu midget-MP5
- Daihatsu midget-DKA
- Daimler type 45
- Delaunay-Belleville HB6L
- Delorean DMC-12
- De Dion-Bouton 1 3/4HP
- Flying Feather
- Ford Model T
- Ford Model 40
- Hispano Suiza Alphonso XIII
- 1970 Isuzu 117 Coupe-PA90
- 1969 Mazda Cosmo Sport L10B –
- 1961 Mitsubishi 500
- Mercedes-Benz 500K
- Morris Oxford
- Nissan R380-I
- 1967 Nissan Skyline 2000GT-B (S54-)
- Oldsmobile Curved Dash
- Packard 12 (Roosevelt car)
- Panhard et Levassor B2
- Peugeot Bébé
- Rolls-Royce Silver Ghost 40/50HP
- Stanley Steamer Model E2
- 1958 Subaru 360 K111
- 1959 Toyota FH24 truck fire engine type
- Toyota Ace
- 1936 TOYODA AA car
- Toyota 7
- 1967 Toyota 1600GT RT55
- 1968 Toyota 2000GT MF10
- 1997 Toyota Prius
- Thomas Flyer Model L
- Willys Jeep
The Toyota Group (トヨタグループ Toyota Gurūpu) is a group of companies that have supplier, vendor and investment relationships with Toyota Industries and Toyota Motor. It is similar to a keiretsu in that no particular entity has outright control over the entire group, although unlike most keiretsu it does not contain a major bank.
Major group companies:
- Toyota Industries (1926) – original Toyota company; manufactures forklifts and other equipment
- JTEKT (1935) – manufactures bearings and other components
- Toyota Motor (1937) – manufactures automobiles
- Toyota Auto Body (1940) – manufactures truck bodies; 100% owned by Toyota Motor
- Aichi Steel (1940) – manufactures automotive steel; 30% owned by Toyota Industries and Toyota Motor
- Toyota Motor East Japan – formed in 2012 by the merger of Kanto Auto Works (1945), Toyota Motors Tohoku and Central Motors
- Toyota Tsusho (1946) – trading company (sogo shosha) supporting global operations of Toyota Group companies; 33% owned by Toyota Industries and Toyota Motor
- Aisin Seiki (1949) – manufactures automotive components; 30% owned by Toyota Industries and Toyota Motor
- Toyoda Gosei (1949) – manufactures automotive components; 43% owned by Toyota Motor
- Denso (1949) – manufactures air conditioners and other automotive components
- Toyota Boshoku (1950) – manufactures filters, trim, liners and other automotive components
- Towa Real Estate (1953) – commercial real estate developer in Nagoya area; holds stock in other Toyota Group companies as an anti-takeover measure
- Toyota Central R&D Labs., Inc. (1960) – performs research and development for other Toyota Group companies
- Daihatsu (1907) – manufactures compact automobiles; majority stake acquired by Toyota Motor in 1998
- Toyota Financial Services (2000) – provider of automotive financing and credit cards
- Toyota Communication Systems Co., Ltd. (2001) – IT system integrator; 100% owned by Toyota Motor
- Hino Motors – manufacturer of diesel trucks and buses acquired by Toyota Motor in 2001
- Toyofuji Shipping Co. – international shipping company for Toyota vehicles
- Toyota Housing Corporation (2003) – residential construction
- Red Entertainment – video game developer
- Hudson Soft – Japanese video game developer
- Tenyo – toy manufacturer
Affiliates or partially owned subsidiaries:
- Tesla Motors – American electric vehicle maker, partnered with Toyota to create the second-generation Toyota RAV4 EV. (Toyota owns 10% of the company.)
- Kyoho kai group – Auto parts company – 211 companies.
- Kyouei kai group – Logistic/facility company – 123 companies.
- Fuji Heavy Industries, Ltd., manufacturer of Subaru automobiles. (Toyota owns 16.5% of the company.)
- Isuzu Motors Ltd. (Toyota owns 5.9% of the company.)
- Misawa Homes Holdings, Inc. (Toyota owns 13.4% of the company.)
- United Australian Automobile Industries (UAAI) – a joint venture between Toyota Australia and GM-Holden (1989 to 1996)
- New United Motor Manufacturing, Inc. (NUMMI) – a joint venture between Toyota and General Motors (1984 to 2010)
- Primearth EV Energy Co (PEVE) – a joint venture between Toyota and Panasonic (1996 to present)
- Toyota Canada Inc. (TCI) – a joint venture between Toyota (51%) and Mitsui & Co. Ltd. (49%) (1964 to present)
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