5 Things You Probably Don’t Know About Toyota

Surprising facts about the Japanese auto giant.

Over the past few years, Toyota TM 0.75% has facedmassive recalls, increased competition in the hybrid car market, and new challenges from electric car company, Tesla Motors TSLA 0.80% .

But while Toyota’s overall unit sales dipped from 2014, the Japanese automaker still managed to sell 10.1 million vehicles in 2015, more than any other Japanese car company. It also generated more than $260 billion in revenue over its most recent fiscal year, up 4.3% from the previous year. As a result, Toyota jumped one spot in this year’s Fortune Global 500 rankings, rising to 8th, just behind the only automaker ranked higher on the list, Germany’s Volkswagen VLKPF 2.00% .

Here are five surprising facts you may not have known about Toyota Motor.

Toyota is a family company.

Toyota is a family company.

Photo by Bloomberg—Getty Images
Photo by Bloomberg—Getty Images
Toyota CEO Akio Toyoda, like his predecessors, is a direct descendant of Sakichi Toyoda. The inventor of the automatic power loom, Toyoda founded the company from which Toyota Motor would develop in 1937.

2
Toyota’s annual revenue is more than Honda’s and Nissan’s combined.

Toyota’s annual revenue is more than Honda's and Nissan's combined.

Photograph by Justin Sullivan — Getty Images
Photograph by Justin Sullivan — Getty Images
With more than $260 billion in worldwide sales for Toyota’s last fiscal year, the company tops the combined tally of the next two largest Japanese automakers. Toyota also outpaces other huge companies, such as Apple and BP.
3
Toyota is investing heavily in self-driving technology.

Toyota is investing heavily in self-driving technology.

David Paul Morris—Bloomberg via Getty Images
David Paul Morris—Bloomberg via Getty Images
The company plans to spend more than $1 billion on developing self-driving car technology. The goal is to get driverless cars on the road around 2020, which is when Tokyo will host the Summer Olympics.
4
The Toyota Corolla is 50 years old.

The Toyota Corolla is 50 years old.

Photo by Justin Sullivan—Getty Images
Photo by Justin Sullivan—Getty Images
This year, Toyota’s most-recognizable sedan turned 50. The company sold its first Corolla in Japan in 1966 before bringing the car to the U.S. two years later. The company has produced 11 generations of Corollas—the best-selling car in the world, with more than 40 million units sold.
5
The company has sold more than 9 million hybrid cars.

The company has sold more than 9 million hybrid cars.

Photograph by Anadolu Agency Getty Images
Photograph by Anadolu Agency Getty Images
With the Prius, Lexus hybrid and other Toyota hybrid car sales, Toyota had sold more than 9 million hybrid vehicles by May 2016. Because of cheap gas prices, Prius sales declined in 2015. Looking ahead, Toyota may face more challenges in this category, as Tesla, the electric car company, develops its more affordable Model 3.
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2 thoughts on “5 Things You Probably Don’t Know About Toyota

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