Toyota motor corporation was established in 1937 by Kiichiro Toyoda, who was the son of Sakichi Toyoda who invented Japan’s first power loom revolutionising the country's textile industry. Today the “just – in – time” philosophy followed by the Toyota Production system is adopted by automotive industries across the world.
In 1930, Kiichiro Toyoda began research on small gasoline powered engines and after three years later, an automobile department was established at Toyoda's Automatic Loom Works. He developed a prototype version called A1 in 1935 and in 1936, AA sedan was introduced. AA sedan, AB open type car and a small truck G1 were introduced in the begining. The Toyopet Crown, Toyopet Master and Crown Deluxe were launched in 1955.
Two years later, the first prototypes of the Crown were exported to the United States and Toyota Motor Sales U.S.A., Inc. was established. Quality was the motto of Toyota and in 1966, the company received Deming Application prize for quality control. In 1966, th Corolla was lauched. Toyota lauched its luxury brand Lexus in 1989. The planet’s favourite hybrid Prius was launched in 1997.
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