Topic > Toyota: The Success Story

Toyota products were in high demand all over the world and at a time when they felt they were unable to meet customer demand, they sold normally and increased production with huge volumes and increase production speed. Contacted and started working with multiple suppliers for different parts who are used to purchasing from different suppliers. Toyota executives and Akio Toyoda had a strong feeling that working with new and more suppliers might have a negative impact on their quality and they might not be able to control them well. They had a very busy and high demand for their cars, instead of finding a good solution to deal with this situation they did not opt ​​for more alternatives like car booking, instead of doing this they focused on rapid expansion. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get Original Essay In 2008 Toyota overtook GM and the auto industry heralded Toyota as the world's largest automaker. But complaints later began to arise, and more and more customers said they blamed quality controls for their rapid expansion. Due to rapid expansion, in 2009 they recalled more than eight million cars for brake and accelerator bearing and bearing defects, defending themselves from 98 lawsuits involving death, injury and damage to customers using their cars. Toyota is famous all over the world Company well known for its high quality automobiles, Toyota is doing very well and growing very rapidly globally, it has its own operations, manufacturing plants and valuable loyal customers all over the world. The new Hybird technology in Toyota cars gave a new pride to Toyota and the sales of Toyota increased day by day. In recent years Toyota has become number one in the automotive industry and has become number one in most sales of its cars worldwide. The graph below shows the figures of cars produced in 2008 and the graph also shows the production of other companies. Toyota is headquartered in Toyota City, Aichi and Tokyo. Instead of cars, Toyota also provides financial services through its Toyota Financial Services division and also builds robots for different industries. Toyota Motor Corporation, its financial services and Toyota Industries, together make up the majority of the Toyota Group and one of the world's largest conglomerates. In 1933 the company was founded by Kiichiro Toyoda. In 1934 Toyota Industries Department built its first product, the engine called Type A engine, and its first AA passenger car in 1936. Toyota also purchased some other companies and owns and operates Lexus, Scion, Daihatsu and Hino Motors and interests in heavy industry Fuji, Isuzu, Yamaha and Mitsubishi Aircraft Corporation. All these and more comprise around 522 branches in total. Toyota, a popular Japanese brand, pride of Japan and renowned as the fifth largest company with annual revenue of $254.7 billion. as of March 31, 2017, it was started in 1937, it was first abstracted by Sakichi Toyoda in 1924, later his son Kiichiro Toyoda succeeded and Toyota Motor company was born, Toyota Motor Corporation is a Japanese company that engages in the design, manufacturing, assembly and sales of passenger cars, minivans, commercial vehicles and related parts and accessories mainly in Japan, North America, Europe and Asia. Contemporary brands include Toyota, Lexus, Daihatsu and Hino. Please note: this is just an example. Get a custom paper from our expert writers now. Get an essay.