History of Toyota
Toyota is among the topmost manufacturers of automobiles around the globe. Whether you are fanatic about cars or not a fan at all, there is a fair chance that Toyota will still be in your good books. The carmaker offers great life, excellent mileage, as well as utmost comfort and power behind the wheels. It has also begun to dominate the environmental friendly sector of cars.
So it is established that Toyota is a great automaker, but how did it get to this point? It wasn’t this big from the day of its inception for sure. Let us go through a brief history of Toyota in order to find out how Toyota became the Toyota we know today!
Toyota entered the automobile industry back in the year 1933. It was not an independent entity back then. Toyota began as a division of the then-popular Toyoda Automatic Loom Works. Being under the management of Kiichiro Toyoda—son of the founder of Toyota’s parent company—it was surely in good hands. By then, Toyoda had already traveled to America and Europe to grasp the lucrative aspect of continuing in the automobile industry.
The First Engine
Toyoda Automatic Loom Works continued to conduct researches on gasoline powered engines. It wasn’t alone in the venture. Toyota’s parent company had the support of the Japanese government. Many believe that it is the reason why the company rose to fame, while others argue that it is the sheer creativity and potential of the carmaker that got the company the government’s attention in the first place.
Toyota became independent almost five years after its inception. The name of the newly independent automaker was Toyota Motor Co. Although the postwar period wasn’t the healthiest for Japan, Toyota continued to produce commercial cars.
It wasn’t long before the auto manufacturer began facing financial difficulties and eventually got to the brink of bankruptcy. Instead of producing the same amount of automobiles, a good move made by Toyota was to halt a majority of the production. In 1950, the company produced a total of 300 trucks. It was almost obvious that this was the end of the road for the Japanese automaker, but fate had something else planned.
Just when it was all over, Kiichiro Toyoda was forced to leave his position and was succeeded by Taizo Ishida. Taizo brought quite a bit of luck with him. Soon, the US ordered a fleet of over five thousand vehicles that were to be delivered for use in the Korean War. This saved the company from dying.
Soon after, Toyota began expansion. The company established a new facility for research and development. A couple of partnerships and a new model were also introduced. The rest is what we see in front of us today. Toyota never made the same mistakes again, and now is one of the biggest automakers in the world.
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