Profile: Toyota Motor Corp (TM)
17 Nov 2017
Toyota Motor Corporation (Toyota), incorporated on August 27, 1937, conducts business in the automotive industry. The Company also conducts business in finance and other industries. The Company's segments include Automotive, Financial Services and All Other. Toyota sells its vehicles in approximately 190 countries and regions. Toyota's markets for its automobiles are Japan, North America, Europe and Asia.
The Company's Automotive segment includes the design, manufacture, assembly and sale of passenger vehicles, minivans and commercial vehicles, such as trucks and related parts and accessories. The Company's subsidiaries include Daihatsu Motor Co., Ltd. (Daihatsu), which produces and sells mini-vehicles and compact cars, and Hino Motors, Ltd. (Hino), which produces and sells commercial vehicles, such as trucks and buses. Toyota also manufactures automotive parts, components and accessories for its own use and for sale to others. Toyota's vehicles (produced by Toyota, Daihatsu and Hino) are classified into three categories: hybrid vehicles, conventional engine vehicles and fuel cell vehicles. Toyota's product line-up includes subcompact and compact cars, mini-vehicles, mid-size, luxury, sports and specialty cars, recreational and sport-utility vehicles, pickup trucks, minivans, trucks and buses.
Toyota's subcompact and compact cars include the four-door Corolla sedan. The Yaris, marketed as the Vitz in Japan, is a subcompact car. In Europe, Toyota offers the remodeled Aygo; in Japan, Toyota offers the remodeled Corolla Axio/Fielder, the remodeled Porte and its variant, the Spade and the remodeled Auris, and in India, Asia, China and other markets, it offers Etios and Vios. In addition, Toyota offers the AGYA, which is designed and manufactured by Daihatsu. Mini-vehicles are manufactured and sold by Daihatsu. Daihatsu manufactures mini-vehicles, passenger vehicles, commercial vehicles and auto parts. Mini-vehicles are passenger cars, vans or trucks with engine displacements of approximately 660 cubic centimeters.
Toyota's mid-size models include the Camry, which is the passenger car in the United States. In addition, Toyota's other mid-size models include the REIZ for the Chinese market, the Avensis for the European market, and the Mark X for the Japanese market. In North America, Europe, Japan and other regions, Toyota's luxury lineup consists of vehicles sold under the Lexus brand name. Lexus passenger car models include the LS, the GS, the ES, the IS, the HS, the CT and the RC. Lexus models also include the LX, the GX, the RX and the NX sold as luxury sport-utility vehicles. The Lexus brand lineup in Japan includes the LS, the GS, the HS, the IS, the CT, the LX, the RX, the NX and the RC. Toyota also sells the Century limousine in Japan. In the United States, Toyota sells the Scion tC, a sports model for young drivers. Toyota offers the LFA model under the Lexus brand as the sports model, and the 86 (called Scion FR-S in the United States), a compact sports car with a front-mounted engine and rear-wheel drive. Toyota offers the RC coupe that leads the image of Lexus, which engages drivers on a sentimental level.
Toyota sells a range of sport-utility vehicles and pickup trucks. Toyota's sport-utility vehicles available in North America include the Sequoia, the 4Runner, the RAV4, the Highlander, the FJ Cruiser and the Land Cruiser, and pickup trucks available are the Tacoma and Tundra. The Tacoma, the Tundra, the Highlander and the Sequoia are manufactured in the United States. Toyota also offers approximately four types of sport-utility vehicles under the Lexus brand, including the LX, the GX, the RX and the NX. Toyota also manufactures the RX and RAV4 models in Canada. Toyota's pickup truck, the Hilux, are sold in Thailand. In North America, it offers RAV4 and Highlander.
Toyota offers various basic models for the global minivan market. Its minivans in Japan include the Alphard and the Vellfire. Toyota's other minivan models include, in Japan, the Estima, the Sienta and the Isis, and, in North America, the Sienna. Toyota's product lineup includes trucks (including vans) with a gross vehicle weight of approximately five tons and micro-buses that are sold in Japan and in overseas markets. Trucks and buses are also manufactured and sold by Hino. Hino's product lineup includes large trucks with a gross vehicle weight of over 10 tons, medium trucks with a gross vehicle weight of between 5 and 11 tons, and small trucks with a gross vehicle weight of approximately five tons. Hino's bus lineup includes medium to large buses used as tour buses and public buses, small buses and micro-buses. Its cars in Japan also include the Sienta HV and the GS F. The IMV product lineup includes, as of March 31, 2016, the Hilux, Fortuner and Innova, one or all of which are available in all regions except for Japan.
Toyota's principal European markets are Germany, France, the United Kingdom, Italy, Spain and Russia. Toyota's principal Asian markets are Thailand, Indonesia, India and Taiwan. Toyota's principal markets in the Four Regions are Brazil in South and Central America, Australia in Oceania, South Africa in Africa and Saudi Arabia in the Middle East.
Toyota produces automobiles, and related parts and components through approximately 50 overseas manufacturing companies in over 30 countries and regions besides Japan. Toyota's manufacturing facilities include plants in Japan, the United States, Canada, the United Kingdom, France, Turkey, Thailand, China, Taiwan, India, Indonesia, South Africa, Australia, Argentina and Brazil. Daihatsu brand vehicles are produced at approximately four factories in Japan and over four manufacturing companies in approximately three other countries, including Indonesia and Malaysia. Hino brand vehicles are produced at approximately two factories in Japan and over 10 manufacturing companies in approximately 10 countries, including Indonesia and Thailand.
Financial Services segment
The Company's Financial Services segment consists of providing financing to dealers and their customers for the purchase or lease of Toyota vehicles. Toyota's financial services also provide retail installment credit and leasing through the purchase of installment and lease contracts originated by Toyota dealers. Toyota's subsidiary, Toyota Financial Services Corporation (TFSC), oversees the management of Toyota's finance companies across the world. Toyota operates financial services companies in approximately 40 countries and regions, which support its automotive operations across the globe. Toyota Motor Credit Corporation is Toyota's principal financial services subsidiary in the United States. Toyota also provides financial services in over 30 other countries and regions through various financial services subsidiaries, including Toyota Finance Corporation in Japan; Toyota Credit Canada Inc. in Canada; Toyota Finance Australia Ltd. in Australia; Toyota Kreditbank GmbH in Germany; Toyota Financial Services (UK) PLC in the United Kingdom; Toyota Leasing (Thailand) Co., Ltd. in Thailand., and Toyota Motor Finance (China) Co., Ltd. in China.
Toyota Motor Credit Corporation provides a range of financial services, including retail financing, retail leasing, wholesale financing and insurance. Toyota Finance Corporation provides a range of financial services, including retail financing, retail leasing and credit cards. Toyota's other finance subsidiaries provide services, including retail financing, retail leasing and wholesale financing. Toyota's finance subsidiaries also provide wholesale financing to Toyota vehicle dealers to finance inventories of new Toyota vehicles and used vehicles of Toyota and others. Toyota's finance subsidiaries also make term loans to dealers for business acquisitions, facilities refurbishment, real estate purchases and working capital requirements. These loans are secured with liens on real estate, other dealership assets and/or personal assets of the dealers.
Toyota provides insurance services in the United States through Toyota Motor Credit Corporation's subsidiary, Toyota Motor Insurance Services, Inc. (TMIS), and its insurance company subsidiaries. Its principal activities include marketing, underwriting and claims administration. TMIS also provides coverage related to vehicle service agreements and contractual liability agreements through Toyota dealers to customers. In addition, TMIS also provides coverage and related administrative services to affiliated companies of Toyota Motor Credit Corporation. Toyota's dealers in Japan and in other countries and regions also engage in vehicle insurance sales. As of March 31, 2016, Toyota Finance Corporation has 14.2 million card holders (including Lexus credit card holders).
All Other segment
The All Other segment includes the design, manufacturing and sale of housing, telecommunications and other businesses. Its information technology related businesses include a Web portal for automobile information called GAZOO.com.
The Company competes with Volkswagen, Renault, Ford, Opel, Peugeot, Hyundai and Kia.
Toyota Motor Corp
TOYOTA-SHI ACH 471-8571
Company Web Links
- Electric cars not ready for mass production yet: Toyota chairman to Spiegel
- Electric cars not ready for mass production yet - Toyota chairman to Spiegel
- Toyota and Suzuki in tie-up to sell electric vehicles in India
- Toyota and Suzuki in tie-up to sell electric vehicles in India
- Toyota to consider selling locally developed EVs in China