Exploring the Relationship Between Toyota and Its Sister CompaniesBy Vic on September 1st, 2016
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Toyota Innova in the Philippines is widely used due to its convenience and price value, making it one of the best vehicles in the automotive industry. Truly, Toyota has greatly innovated and transformed how cars work locally and internationally, not only through the creation of Innova but due to the development of their other vehicles as well.
Toyota is also affiliated with other corporations. See the relationship between this famous automotive manufacturer and the following brands.
Background of Toyota
Aichi, Japan is the headquarters of Toyota, which is founded by Kiichiro Toyoda in 1937. In 1934, they were able to produce the first Type A engine and in 1936, the first passenger car was made – the Toyota AA. From then on, the company expanded, developing numerous vehicles that millions of people enjoy. Toyota Motor Corporation has four sister companies which are Hino, Lexus, Daihatsu, and Ranz.
338,875 is the employee count of Toyota worldwide as of March 2014; these individuals work hard every day to provide the best service possible to the company’s numerous clients. By July 2012, Toyota Motor Corporation produced its 200 millionth vehicle and in February 2016, the company was considered as the 13th largest company in the world in terms of revenue.
As previously stated, the brand is a sister company of Toyota. Lexus is popularly known in about 70 countries internationally and is dubbed as Japan’s biggest contributor of selling premium cars. It is part of the top ten largest Japanese global brands in terms of market value. Lexus first produced Formula One or F1 cars but later on, they started making sedans, coupes, SUVs, and convertibles as well. The LFA Supercar and F Marque are some of the famous cars by the brand due to their remarkable performance.
The brand is considered as the oldest Japanese car manufacturer. The distributed cars in the brand are usually off-road and smaller vehicle models. Daihatsu was founded around 1907; originally, it was a company that develops powered engine for power plants. Since then, the company was able to affiliate with other companies and produce other diesel generators and engines. Toyota greatly aided in the success of Daihatsu in creating engines and vehicles.
Hino is a distributor of diesel engines and commercial vehicles in Japan. The company is known as a top producer of medium to heavy duty diesel trucks and buses in Asia. Starting around 1912, the company helped the Japanese army during the wars in terms of engines and marine solicitations. From then on, they were able to transpire and innovate with the help of its sister company.
In Chinese, Ranz means “bright life.” The automotive company is owned by Sichuan FAW Toyota Motor, which specializes in electric cars. It was launched around April 2013. The first concept car the company introduced was the Ranz EV, based or similar to the Toyota Corolla.
The success of Toyota Motor Corporation has enabled it to become one of the best car manufacturing companies in the world. Through the years, it established relationships with other companies to develop better vehicles that would suit the needs of customers around the world. Any of the cars that the brand – and its sister companies – offers is a great investment for you! There are thousands of car brands to choose from, but only Toyota and its sister companies will guarantee no regrets in the future.