The Toyota Company
story of the Toyota Company begins with a carpenter’s apprentice and his dream to change the world.
When Japan reached out to its citizens to find innovators and inventors during the Industrial Revolution, Sakichi Toyoda quickly answered the call. Sakichi Toyoda was inspired to create a better loom after witnessing his mother struggling to use a loom. While he first created an easier-to-use manual loom in 1891, he eventually created Japan’s first automatic loom under his company. Unfortunately, before Sakichi Toyoda could enjoy the results of his efforts, his company was hit with financial turmoil and he was forced to step down.
While Sakichi was depressed by this, he did not give up. He began another loom company, joined this time by Kiichiro Toyoda, his son. Sakichi was inspired by his trip to the United States, and in 1929 he sold the rights to his fully automatic loom to help fund research into producing Japan’s first automobile. In 1933, this dream resulted in the establishment of an automobile department within Toyoda Loomworks. The research efforts made great progress in 1934 and 1935, when Japan’s first prototype automobile engine and automobile were realized, respectively.
With prototypes being created, the company grew even more. The company’s name changed to Toyota for a better brand appeal, and the company built a new manufacturing plant in Koromo, Japan. While Toyota grew immensely, its growth was not without some struggle; in the late 1940s, Toyota nearly went…