Where does Toyota have factories around the world?
1 Answers
Toyota Motor Corporation experienced a period of domestic growth in Japan during the 1960s and 1970s. After the 1980s, it began implementing a comprehensive global strategy. The company successively established wholly-owned or joint ventures in the United States, the United Kingdom, and Southeast Asia, while also setting up automotive research and development centers locally to carry out an international strategy focused on local R&D, design, and production. More relevant information is as follows: Characteristics: Toyota Motor Corporation has strong technological development capabilities and places great emphasis on researching customer demands for automobiles. As a result, it has created different famous-brand products at various historical stages of its development and has defeated American and European competitors through rapid product model changes. Introduction: Early Toyota models such as the Toyota, Crown, Corona, and Corolla gained significant fame, while more recent models like the Cressida and Lexus luxury cars have also earned high reputations. Toyota Motor Corporation is headquartered in Tokyo, Japan, with its current president being Shoichiro Toyoda. The company produces nearly 5 million vehicles annually, with an export ratio close to 50%.