abhishreshthaa
Abhijeet S
Toyota Motor Corporation (Japanese: トヨタ自動車株式会社, Toyota Jidōsha Kabushiki-gaisha?, TYO: 7203), LSE: TYT, NYSE: TM, commonly known simply as Toyota and abbreviated as TMC, is a multinational corporation headquartered in Japan. In 2009, Toyota Motor Corporation employed 71,116 people worldwide (total Toyota 320,808).[3] TMC is the world's largest automobile manufacturer by sales[4][5] and production.[6]
The company was founded by Kiichiro Toyoda in 1937 as a spinoff from his father's company Toyota Industries to create automobiles. Three years earlier, in 1934, while still a department of Toyota Industries, it created its first product, the Type A engine, and, in 1936, its first passenger car, the Toyota AA. Toyota Motor Corporation group companies are Toyota (including the Scion brand), Lexus, Daihatsu and Hino Motors,[7] along with several "non-automotive" companies.[8] TMC is part of the Toyota Group, one of the largest conglomerates in the world.
Toyota Motor Corporation is headquartered in Toyota City, Aichi and in Tokyo.[9] In addition to manufacturing automobiles, Toyota provides financial services through its Toyota Financial Services division and also builds robots.
Political
Toyota had a lot of help from the local government, including tax breaks. on the flip side, Toyota is expected to 'sell' Indiana and its assets to the world.
U.S. Sen. Dick Lugar commented on Toyota producing Camrys in Indiana:
I applaud Governor Daniels and the Indiana legislature and all who are working together. First of all, to provide support for the governor and public officials to go to Japan and to other countries to tell about Indiana.
Economic
The opening of this unit will bring substantial economic benefits, including a possible wage raise. In recent articles it has been stated:
If Toyota decides to build up to 100,000 Camrys or Highlanders each year at the plant, it will mean 1,000 jobs, according to Gary Henriott, chairman of the Lafayette-West Lafayette Economic Development Corp.
"It would be an incredible boost to our local economy," Henriott said of jobs that would pay more than $20 an hour. "It would improve every facet of our economy."
"Paradoxically, Lafayette had very little automotive employment at that time. So adding SIA to our employment mix was actually a diversification of our local employment base. Over 200 Japanese companies are now located in Indiana, many of whom are suppliers to Subaru and Toyota, so the positive economic impact of foreign investment all across Indiana is easy to document."
A report compiled by the Northwest-Midwest Institute, a Washington, D.C.-based research organization, shows manufacturing represented 27.9 percent of Indiana's gross state product, which totaled $227.5 billion in 2004.
"The SIA-Toyota decision is a vote of confidence in the Lafayette area economy," McNamara said. "SIA-Toyota is investing in the Lafayette economy because it is a good business decision for SIA-Toyota. Indiana, the state with the largest share of gross state product for manufacturing, is a competitive location for manufacturing investment.
Social and Cultural
Toyota's move would lead to community benefits packages as well.
Toyota's ability to bring to market world-class vehicles depends, in large part, on the craftsmanship and hard work of the tens of thousands of Americans who manufacture parts for our automobiles and trucks. That's why Toyota believes it's important to support the communities where its suppliers are located.
In 1999, the company established the Community Connection Program as a way to say thank you to its suppliers for their hard work, dedication and support. The program links Toyota with selected suppliers to benefit a local community organization. To date, through Community Connection, Toyota and its suppliers have donated over $1,000,000 to 63 nonprofit organizations in supplier cities across the United States.
Technology
At Toyota, our commitment to the environment extends even beyond our products. Whether planting trees or helping to renew our public parks, Toyota is working to make our communities cleaner. Read here about the environmental organizations and events that Toyota supports.
The company was founded by Kiichiro Toyoda in 1937 as a spinoff from his father's company Toyota Industries to create automobiles. Three years earlier, in 1934, while still a department of Toyota Industries, it created its first product, the Type A engine, and, in 1936, its first passenger car, the Toyota AA. Toyota Motor Corporation group companies are Toyota (including the Scion brand), Lexus, Daihatsu and Hino Motors,[7] along with several "non-automotive" companies.[8] TMC is part of the Toyota Group, one of the largest conglomerates in the world.
Toyota Motor Corporation is headquartered in Toyota City, Aichi and in Tokyo.[9] In addition to manufacturing automobiles, Toyota provides financial services through its Toyota Financial Services division and also builds robots.
Political
Toyota had a lot of help from the local government, including tax breaks. on the flip side, Toyota is expected to 'sell' Indiana and its assets to the world.
U.S. Sen. Dick Lugar commented on Toyota producing Camrys in Indiana:
I applaud Governor Daniels and the Indiana legislature and all who are working together. First of all, to provide support for the governor and public officials to go to Japan and to other countries to tell about Indiana.
Economic
The opening of this unit will bring substantial economic benefits, including a possible wage raise. In recent articles it has been stated:
If Toyota decides to build up to 100,000 Camrys or Highlanders each year at the plant, it will mean 1,000 jobs, according to Gary Henriott, chairman of the Lafayette-West Lafayette Economic Development Corp.
"It would be an incredible boost to our local economy," Henriott said of jobs that would pay more than $20 an hour. "It would improve every facet of our economy."
"Paradoxically, Lafayette had very little automotive employment at that time. So adding SIA to our employment mix was actually a diversification of our local employment base. Over 200 Japanese companies are now located in Indiana, many of whom are suppliers to Subaru and Toyota, so the positive economic impact of foreign investment all across Indiana is easy to document."
A report compiled by the Northwest-Midwest Institute, a Washington, D.C.-based research organization, shows manufacturing represented 27.9 percent of Indiana's gross state product, which totaled $227.5 billion in 2004.
"The SIA-Toyota decision is a vote of confidence in the Lafayette area economy," McNamara said. "SIA-Toyota is investing in the Lafayette economy because it is a good business decision for SIA-Toyota. Indiana, the state with the largest share of gross state product for manufacturing, is a competitive location for manufacturing investment.
Social and Cultural
Toyota's move would lead to community benefits packages as well.
Toyota's ability to bring to market world-class vehicles depends, in large part, on the craftsmanship and hard work of the tens of thousands of Americans who manufacture parts for our automobiles and trucks. That's why Toyota believes it's important to support the communities where its suppliers are located.
In 1999, the company established the Community Connection Program as a way to say thank you to its suppliers for their hard work, dedication and support. The program links Toyota with selected suppliers to benefit a local community organization. To date, through Community Connection, Toyota and its suppliers have donated over $1,000,000 to 63 nonprofit organizations in supplier cities across the United States.
Technology
At Toyota, our commitment to the environment extends even beyond our products. Whether planting trees or helping to renew our public parks, Toyota is working to make our communities cleaner. Read here about the environmental organizations and events that Toyota supports.