Toyota |
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Chairman:
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Hiroshi Okuda
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Founded:
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By Kiichiro Sakichi in 1933 within Toyoda Automatic Loom, “independent” as of 1937
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Headquarters:
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Toyota City, Japan (US HQ in Torrance, CA)
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Philosophy
“The Toyota Way”:
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1. Belief in “Mono-zukuri” (Making good products); Just-in-time => Lean Management
2. Principle of “Customer first”; Customer Satisfaction No.1, Quality No.1
3. Respect for People (employees); “Mono-zukuri” is “Hito-zukuri” (Making good product is equal to making good people); Mutual trust of management and employees
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Business Units:
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Daihatsu Motor Co., Ltd.
New United Motor Manufacturing, Inc.
Toyota Motor Credit Corporation
Toyota Motor Sales, U.S.A., Inc.
Toyota Motor Thailand Company Limited
And, as of 1984:
Toyoda Automatic Loom
Aichi Steel
Toyoda Machine Works
Toyota Auto Body
Aisin Seiki
Nippon Denso
Toyota Gosei
Kanto Auto Works
Koito Works
Aisan Industries
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Products:
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the Lexus line of luxury cars
Prius (hybrid-powered [gas and electric] sedan)
Cars, pickups, minivans, and SUVs including:
Camry
Celica
Corolla
4Runner
Echo
Land Cruiser
Sienna
WiLL
V-8 Tundra pickup truck
Industrial vehicles
Cellular phones
Financial services
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Manufacturing:
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Japan (15 plants), Rest of East Asia (17), North America (8), Latin America (5), Europe (4), Middle East & Southwest Asia (4), Africa (2), Oceania (1)
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R&D:
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Japan (1 HQ, 1 tech center, 1 proving ground), USA (1 engineering, 1 design), Belgium (1 engineering, 1 design), France (1 design)
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Financial Data – Millions $ (FY ends 12/31)
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2000
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1999
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Sales
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119,656
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105,797
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Net Income
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4,540
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3,746
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Employees: World
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214,631
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183,917
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Site Background:
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Toyota’s Tsutsumi factory is located in Toyota City, close to the worldwide headquarters of Toyota Motor company. In and around this site in Aichi Prefecture are situated a total of 12 Toyota plants.
This factory was opened in 1970 and employed 5,700 workers by 1999. This makes it the third largest Toyota plant in Japan, by workforce.
The factory occupies an area of 600,000m2 on a site nearly twice as large.
As of March 1999, according to our data, the main products being produced here were the Camry, Caldina, Corona, Mark II, Vista, Windom (ES300). However, we’ve been told to expect to see the production of Lexus luxury vehicles at the plant so either there have been some changes to the plant’s lines or some of our information is wrong.
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Toyota Paper: Introduction
Welcome to the MIT Sloan 2001 Japan/Korea Trip Toyota Team Paper
In this paper we aim to present some information essential to understanding Toyota and its place in the Japanese economy and the global auto industry, to prepare for our visit to the company and its production facilities on Monday 26th March 2001.
We have designed the paper as easily-digestible chapters which can be read stand-alone in spare moments while in transit around airports and on buses, to suit the specialized needs of Trip participants.
To cut down the overhead in reading this paper we have as much as possible removed “filling” sections such as transitions from chapter to chapter, and kept introductory remarks extremely brief.
The chapters are as follows:
ONE State of the global auto industry
The main trends in automobile production and marketing today
TWO Characteristics of the Japanese auto industry
What’s special about the way this industry developed?
THREE History of Toyota
A straightforward account of the timeline from 1937 to 2001
FOUR Current company facts
Financials and production figures; stated strategy and direction
FIVE Toyota Production System
A primer, with glossary of terms, to this famous system
SIX Toyota’s relationships
How Toyota deals with its employees, suppliers and customers
If you have any further questions, please contact one of us:
Aaron Fyke
Gary Mi
Tony Palumbo
Yukihiro Wada
Grace Webber
March 19th, 2001
ONE: State of the Global Auto Industry
In 2001, there are four major trends impacting the global auto industry:
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