Toyota Motor Corporation is a Japanese multinational automaker headquartered in Toyota, Aichi, Japan. In 2010, Toyota employed 325,905 people worldwide, and was the third-largest automobile manufacturer in 2011 by production behind General Motors and Volkswagen Group.
The company was founded by Kiichiro Toyoda in 1937 as a spinoff from his father’s company Toyota Industries to create automobiles. Three years earlier, in 1934, while still a department of Toyota Industries, it created its first product, the Type A engine, and, in 1936, its first passenger car, the Toyota AA. Toyota Motor Corporation group companies are Toyota (including the Scion brand), Lexus, Daihatsu, and Hino Motors, along with several “nonautomotive” companies. TMC is part of the Toyota Group, one of the largest conglomerates in the world.
Toyota has been involved in many global motorsports series. They also represent their Lexus brand in other sports car racing categories. Toyota also makes engines and other auto parts for other Japanese motorsports including formula Nippon, Super GT , formula 3 and formula Toyota series. Toyota also runs a driver development programme known as Toyota Young Drivers Program which they made for funding and educating future Japanese motorsports talent.
In 2002, Toyota entered Formula One as a constructor and engine supplier, however despite having experienced drivers and a larger budget than many other teams, they failed to match their success in other categories, with five second places their best results. On November 4, 2009 Toyota announced they were pulling out of the sport due to the global economic situation. Toyota’s nationwide driver hunt of drivers for Etios Motor Racing Series ended up with selection of 25 drivers, who will participate in the race in 2013.
Toyota, Aichi, Japan.