Toyota Black Friday Deals

The company was originally founded as a spinoff of Toyota Industries, a machine maker started by Sakichi Toyoda, Kiichiro's father. Both companies are now part of the Toyota Group, one of the largest conglomerates in the world. After World War II, Toyota benefited from Japan's alliance with the United States by learning from American automakers and other companies, which gave rise to The Toyota Way and the Toyota Production System that transformed the small company into a leader in the industry and was the subject of many academic studies. In the 1960s, Toyota took advantage of the rapidly growing Japanese economy to sell cars to a growing middle class, leading to the development of the Toyota Corolla, which became the world's all-time best-selling automobile. The company now sells more than 40 hybrid vehicle models around the world. More recently, the company has also been criticized for being slow to adopt all-electric vehicles and focusing on the development of hydrogen fuel cell vehicles, like the Toyota Mirai, a technology that is costlier and has fallen far behind electric batteries.

Toyota operates 67 manufacturing companies worldwide.

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