Toyota is a famous multinational automaker. It was founded in Japan. Its vehicles have gained a lot of popularity for their excellent record of reliability and durability. Currently, it produces about 10 million automobiles a year. It has also produced Toyota OEM parts for over seventy years. There are more than 360,000 employees in the corporation. Its annual revenue is more than $279 billion.
It was founded by Kiichiro Toyoda on August 28, 1937. The corporation was set up as a subsidiary of Toyota Industries. When it was a division, it developed the Type A engine and the Toyota AA. The latter was its first passenger car. In the 1940s, it created other lines of automobiles, such as a pickup truck. And it continues to make auto parts. After World War II, it started to learn from American automobile manufacturers and other associations. The first fully-fledged passenger car of the brand, the Crown, went on sale in August 1955, and it received great reviews from all over the globe. And it was also the first Toyota sedan introduced to the American market. In the 1960s, it benefited from Japan's rapid economic growth. It sold vehicles to the growing middle class. With the help of the growing economy, it also became an international automaker.
In the 1980s, the company made additional investments in the North American market. It started building assembly plants at that time. It also offered auto parts. In the 1990s, it adds many larger, more luxurious models to its lineups. There were the T100, the Camry Solara, and several lines of SUVs. At that time, it also set up several bases in the UK, China, and the US. It also produces genuine Toyota parts. In 1997, Toyota began to develop and sell fuel-efficient hybrid cars. The Toyota Prius is one of them. After 2000, the car was introduced to the US market. Now, it sells over 40 hybrid vehicle models all over the globe. The company also provides the drivers with various auto parts.
Nowadays, it remains hugely popular because of its quality and reliability. Its current lineup is relatively broad, including trucks, cars, and SUVs. And it began to develop its new fuel cell and electric light trucks. Also, it still develops and sells OEM parts all over the world.