Posts Tagged ‘Million Cars’
Toyota Fact Finder
Ben T Wilson asked:
One of the biggest car manufacturers in the world is Toyota, superseded only by General Motors. Toyota has high hopes of becoming the largest car maker in the world by 2010, which, considering it is one of the most profitable companies in the world, is a reasonable aim.
Toyota Toyota made 9.5 million cars in 2007 alone, with success being pinned to the fact that cars are produced in the country where they are sold. This has led to a global enterprise, with Toyota’s production spanning six continents, with a work force of quarter of a million people, and selling within 160 different markets across the globe.
Toyota history
Toyota was actually the result of the Toyota Spinning and Weaving Company, set up by Sakichi Toyoda in 1918. He invented the first automatic loom, for which he sold the patent and gave the money to his son. His son, Kiichiro, invested it into automotive technology and in 1936 the Toyota AA hit the market, with the 100,000th vehicle being built 11 years later. Toyota cars came to Europe in 1962, with production surpassing the one million mark. Fast forward a couple of decades to 1986, and 50 million Toyotas had been produced. A few years later, Toyota set up manufacturing in Britain with an engine manufacturing plant in Wales and a factory in Derbyshire where cars are produced.
Toyota Facts
Type: Public (Xetra: NSU)
Founded: 1937
Founder: Kiichiro Toyoda
Headquarters: Toyota, Aichi, Nagoya and Tokyo, Japan
Key People: Kiichiro Toyoda (Founder), Fujio Cho (Chairman and Representative Director)
Industry: Automotive
Products: Vehicles
Subsidiaries: 522 companies
Toyota Featured Models
TOYOTA CELICA – launched in 1970 and discontinued in 2005, this means “heavenly” and is the name given to a series of popular coupés.
TOYOTA COROLLA – put on the market in 1966, the tenth generation of this car was launched in 2006. At least 30 million Corollas have been sold, but it hasn’t been sold in the UK since February 2007 when the Auris took its place.
TOYOTA HILUX – first reaching the market in 1969 to replace the Stout, this Toyota model is a compact pick-up truck.
TOYOTA LANDCRUISER – this first appeared in 1954, and has since reached its ninth generation. A four-wheel drive, it is renowned for getting close to the off-road capabilities of the Range Rover.
TOYOTA MR2 – a two-seater sports car with mid-engine and rear-wheel drive, made from 1984 to 2007.
TOYOTA RAV4 –first manufactured in 1994, now in its third generation, this is a compact SUV.
TOYOTA SUPRA – made between 1979 and 2002, this is a full-sized sports car, modelled on the Toyota Celica, but with more powerful engines.
TOYOTA YARIS – now in its second generation, this is a small hatchback city car that first came on the market in 1999.
Toyota – did you know?
Approximately 70 per cent of Toyota cars produced in the UK are exported to Europe, and 15 per cent to another 70 countries worldwide.
The surname of the founder was actually Toyoda but it got changed to Toyota as, according to Japanese superstition, this is luckier.
Shoichiro Toyoda – a member of the founding family – was inducted into the USA’s Automotive Hall of Fame in 2007.
In 2001, the first Toyota to be awarded European Car of the Year was the Yaris, followed by the Prius in 2005.
Toyota has a subsidiary called Lexus, which owns Daihatsu as well, and a US one called Scion which aims its cars at young drivers.
Toyota – where to buy?
Auto Trader is a UK base website where you will find a wide range of new and used Toyota models, and more information about this car.
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One of the biggest car manufacturers in the world is Toyota, superseded only by General Motors. Toyota has high hopes of becoming the largest car maker in the world by 2010, which, considering it is one of the most profitable companies in the world, is a reasonable aim.
Toyota Toyota made 9.5 million cars in 2007 alone, with success being pinned to the fact that cars are produced in the country where they are sold. This has led to a global enterprise, with Toyota’s production spanning six continents, with a work force of quarter of a million people, and selling within 160 different markets across the globe.
Toyota history
Toyota was actually the result of the Toyota Spinning and Weaving Company, set up by Sakichi Toyoda in 1918. He invented the first automatic loom, for which he sold the patent and gave the money to his son. His son, Kiichiro, invested it into automotive technology and in 1936 the Toyota AA hit the market, with the 100,000th vehicle being built 11 years later. Toyota cars came to Europe in 1962, with production surpassing the one million mark. Fast forward a couple of decades to 1986, and 50 million Toyotas had been produced. A few years later, Toyota set up manufacturing in Britain with an engine manufacturing plant in Wales and a factory in Derbyshire where cars are produced.
Toyota Facts
Type: Public (Xetra: NSU)
Founded: 1937
Founder: Kiichiro Toyoda
Headquarters: Toyota, Aichi, Nagoya and Tokyo, Japan
Key People: Kiichiro Toyoda (Founder), Fujio Cho (Chairman and Representative Director)
Industry: Automotive
Products: Vehicles
Subsidiaries: 522 companies
Toyota Featured Models
TOYOTA CELICA – launched in 1970 and discontinued in 2005, this means “heavenly” and is the name given to a series of popular coupés.
TOYOTA COROLLA – put on the market in 1966, the tenth generation of this car was launched in 2006. At least 30 million Corollas have been sold, but it hasn’t been sold in the UK since February 2007 when the Auris took its place.
TOYOTA HILUX – first reaching the market in 1969 to replace the Stout, this Toyota model is a compact pick-up truck.
TOYOTA LANDCRUISER – this first appeared in 1954, and has since reached its ninth generation. A four-wheel drive, it is renowned for getting close to the off-road capabilities of the Range Rover.
TOYOTA MR2 – a two-seater sports car with mid-engine and rear-wheel drive, made from 1984 to 2007.
TOYOTA RAV4 –first manufactured in 1994, now in its third generation, this is a compact SUV.
TOYOTA SUPRA – made between 1979 and 2002, this is a full-sized sports car, modelled on the Toyota Celica, but with more powerful engines.
TOYOTA YARIS – now in its second generation, this is a small hatchback city car that first came on the market in 1999.
Toyota – did you know?
Approximately 70 per cent of Toyota cars produced in the UK are exported to Europe, and 15 per cent to another 70 countries worldwide.
The surname of the founder was actually Toyoda but it got changed to Toyota as, according to Japanese superstition, this is luckier.
Shoichiro Toyoda – a member of the founding family – was inducted into the USA’s Automotive Hall of Fame in 2007.
In 2001, the first Toyota to be awarded European Car of the Year was the Yaris, followed by the Prius in 2005.
Toyota has a subsidiary called Lexus, which owns Daihatsu as well, and a US one called Scion which aims its cars at young drivers.
Toyota – where to buy?
Auto Trader is a UK base website where you will find a wide range of new and used Toyota models, and more information about this car.
Caffeinated Content
Toyota to Slash 2009 Sales Outlook, Cut Costs
Money Morning asked:
Toyota Motor Corp. (ADR:TM) may not need a government bailout, but it’s hurting badly.
The world’s top automaker said it will announce a revised 2009 sales forecast at its end-of-the-year news conference Dec. 22. The company is expected to slash at least 1 million cars from its original forecast of 9.7 million units, Reuters reported.
It’s also expected to outline cost cutting measures that could include laying off employees, suspending plant operations, delaying the opening of new plants, and cutting the budget for research and development.
According to several Japanese media outlets, Toyota plans to eliminate bonuses for its executives and is expected to post a second-half loss.
One analyst believes the company’s dividend also could be on the chopping block.
“We anticipate that even Toyota could see its post-dividend cash flow turn negative should it keep its dividends at 140 yen,” Morgan Stanley (MS) analyst Noriaki Hirakata wrote in a report. “Thus, in this perfect storm, we expect the firm to cut its dividend to 100 yen per share for this business year.”
That’s a gigantic step backwards from last year, when Toyota took the crown from General Motors Corp. (GM) as world’s largest automaker by selling 9.37 million cars worldwide.
But like all automakers – and nearly every major industry – Toyota has been crippled by a worldwide dearth in demand, brought on by a whirlwind of job losses, devalued property, lack of credit and falling stock markets.
From January to October this year, Toyota sold 7.74 million vehicles. And during its fiscal first half – six months ended September 30 – net revenues fell 6.3% compared to the same period last year.
Year-to-date, Toyota’s New York-listed ADR shares have fallen about 38%, still much better than GM and Ford Motor Co.’s (F) respective stock declines of 83% and 53%. But recently, Toyota’s ADR shares have been moving forward in hopes that the U.S. government will bailout Detroit’s Big Three – GM, Ford and Chrysler LLC – because that would shore up the auto industry’s underpinnings: Dealerships and parts and supply manufacturers.
The United States is also the largest market for most foreign automakers. Allowing one or all of the Big Three to go under would add millions to the running unemployment numbers and deepen the recession, making the U.S. market less likely to buy their cars.
News and Related Story Links:
Reuters:
Toyota to cut sales goal and outline cost cuts
Money Morning:
Auto Bailout Awaits Congressional Approval with Millions of Jobs at Stake
ShareThis
More on this topic (What’s this?)
Are US automakers doomed? (Intelligent Speculator, 12/15/08)
European Automakers Dispute Assumptions of ‘Let GM/Chrysler Go Bankrupt” Case (naked capitalism, 12/15/08)
Unsold Goods Piling Up at Long Beach (naked capitalism, 11/18/08)
Vote on Auto Bailout Sure to Spark Debate (The Razor’s Edge, 12/10/08)
Read more on Toyota Motor, Auto Makers at Wikinvest
IMF Quietly Creating Three 100%+ Winners
The International Monetary Fund is about to pump $100 billion into a few select countries. This “no strings attached” bailout is creating three 100%+ gainers in the coming days – if you know how to play it. Get all the details in this report: The Trigger Event Strategy: The Only Proven Way to Make Money in an Insane Market. Just go here…
Investing News
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Toyota Motor Corp. (ADR:TM) may not need a government bailout, but it’s hurting badly.
The world’s top automaker said it will announce a revised 2009 sales forecast at its end-of-the-year news conference Dec. 22. The company is expected to slash at least 1 million cars from its original forecast of 9.7 million units, Reuters reported.
It’s also expected to outline cost cutting measures that could include laying off employees, suspending plant operations, delaying the opening of new plants, and cutting the budget for research and development.
According to several Japanese media outlets, Toyota plans to eliminate bonuses for its executives and is expected to post a second-half loss.
One analyst believes the company’s dividend also could be on the chopping block.
“We anticipate that even Toyota could see its post-dividend cash flow turn negative should it keep its dividends at 140 yen,” Morgan Stanley (MS) analyst Noriaki Hirakata wrote in a report. “Thus, in this perfect storm, we expect the firm to cut its dividend to 100 yen per share for this business year.”
That’s a gigantic step backwards from last year, when Toyota took the crown from General Motors Corp. (GM) as world’s largest automaker by selling 9.37 million cars worldwide.
But like all automakers – and nearly every major industry – Toyota has been crippled by a worldwide dearth in demand, brought on by a whirlwind of job losses, devalued property, lack of credit and falling stock markets.
From January to October this year, Toyota sold 7.74 million vehicles. And during its fiscal first half – six months ended September 30 – net revenues fell 6.3% compared to the same period last year.
Year-to-date, Toyota’s New York-listed ADR shares have fallen about 38%, still much better than GM and Ford Motor Co.’s (F) respective stock declines of 83% and 53%. But recently, Toyota’s ADR shares have been moving forward in hopes that the U.S. government will bailout Detroit’s Big Three – GM, Ford and Chrysler LLC – because that would shore up the auto industry’s underpinnings: Dealerships and parts and supply manufacturers.
The United States is also the largest market for most foreign automakers. Allowing one or all of the Big Three to go under would add millions to the running unemployment numbers and deepen the recession, making the U.S. market less likely to buy their cars.
News and Related Story Links:
Reuters:
Toyota to cut sales goal and outline cost cuts
Money Morning:
Auto Bailout Awaits Congressional Approval with Millions of Jobs at Stake
ShareThis
More on this topic (What’s this?)
Are US automakers doomed? (Intelligent Speculator, 12/15/08)
European Automakers Dispute Assumptions of ‘Let GM/Chrysler Go Bankrupt” Case (naked capitalism, 12/15/08)
Unsold Goods Piling Up at Long Beach (naked capitalism, 11/18/08)
Vote on Auto Bailout Sure to Spark Debate (The Razor’s Edge, 12/10/08)
Read more on Toyota Motor, Auto Makers at Wikinvest
IMF Quietly Creating Three 100%+ Winners
The International Monetary Fund is about to pump $100 billion into a few select countries. This “no strings attached” bailout is creating three 100%+ gainers in the coming days – if you know how to play it. Get all the details in this report: The Trigger Event Strategy: The Only Proven Way to Make Money in an Insane Market. Just go here…
Investing News
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