The Toyota Motor Corporation (TMC) is among the ten largest companies in the Fortune Global 500 list and ranks among the most important global corporations worldwide. Toyota is currently the largest automaker worldwide, with annual sales exceeding six million vehicles on five continents. Toyota is proud to be one of the most admired car manufacturers ever, a feat that the company believes will result from his immense dedication to customer satisfaction. Like many companies who have left their mark in human history, Toyota has been defined by a single set of values and principles that are rooted in his formative years in Japan.
Toyota’s history begins in the late 19th century, at the time Sakichi Toyoda invented the first power loom in Japan, which turned out to revolutionize the country’s textile industry. In January 1918, Sakichi founded the Toyoda Spinning and Weaving Company, and with the help of his son, Kiichiro Toyoda, he fulfilled the dream of a lifetime to build an automatic loom in 1924.
Like his father, Kiichiro was an innovator, and during his visits to Europe and the United States in 20 years he became deeply interested in the automotive industry that there was in its infancy. Making the most of the £ 100,000 that Sakichi Toyoda received for selling the patent rights of his automatic loom, Kiichiro laid the foundations of Toyota Motor Corporation (TMC), which was established in 1937.