- Business
- Toyota Motor Corporation Toyota Motor Corporation (TYT.L) TYT.L engages primarily in the design, manufacture, assembly, and sale of a broad range of passenger vehicles, commercial vehicles, minivans, trucks, buses, and related parts and accessories worldwide; its offerings include subcompact and compact cars, mini-vehicles, mid-size, luxury, sports, and specialty cars, recreational and sport-utility vehicles, pickup trucks, and buses under the Toyota and Lexus brands, alongside financial services such as retail and wholesale financing, leasing, insurance, and credit cards. The company operates through Automotive, Financial Services, and All Other segments, serving diverse customer types including individual consumers, fleet operators, and businesses across global markets in North America, Europe, Asia, and other regions. Founded on August 28, 1937, and headquartered in Toyota City, Aichi Prefecture, Japan, Toyota Motor Corporation maintains major offices in Tokyo and Nagoya, Japan, with a workforce of approximately 71,515 employees (consolidated 383,853 as of March 31, 2025). Recent strategic developments include a $912 million investment announced in November 2025 to expand hybrid vehicle production capacity in the United States, creating 252 new manufacturing jobs; progression toward privatizing key supplier Toyota Industries Corporation through a tender offer delayed to February 2026 or later and approved group restructuring acquisitions valued at around $31-33 billion; plans to launch 15 new and refreshed models in India by 2030 including SUVs and a pickup truck backed by a $3 billion production enhancement; world premieres of the new Hilux in Asia, Land Cruiser "FJ", and Century in Japan; and strengthened partnerships such as with Astra in Indonesia for used car business expansion and ongoing collaborations with Mazda, Subaru, and others on next-generation engines for alternative fuels and hybrids.