Kiichiro Toyoda

In November 1938, the Koromo Factory was established, and it worked hard to manufacture automobiles. However, the problems of automobile quality and cost arose, and the management was put into a critical situation. To overcome this situation, Kiichiro solved those problems by taking prompt action and in-house manufacturing of automobile parts. In 1941, Kiichiro became president of Toyota Motor Industry.

He also remained as the Chairman of the Society of Automotive Engineers of Japan in the same year 1950. He died two years later on 27th March 1952 in Tokyo, Japan. His son became the executive of the company after his death.

Death

He also remained as the Chairman of the Society of Automotive Engineers of Japan in the same year 1950. He died two years later on 27th March 1952 in Tokyo, Japan. His son became the executive of the company after his death.

Later Life

He became the President of the company in 1941. In 1950, due to war there was recession in Japan and the company was almost on the verge of bankruptcy. He dismissed so many workers form the work this caused his company a huge strike by its employees and he with some other top managers were compelled to resign from the company.

Toyota Motors is a multinational company of Japan in the field of automobile manufacturing. It’s headquarter is located in Toyota, Aichi, Japan. This company manufactures automobiles. AD far as ranking is concerned it is at the fourteenth number in terms of revenue earningearning.In 2012 it was ranked as number first in terms of production. It also became the number first automobile company that has produced more than 10 million vehicles in a calendar year. In 2013 it was ranked as number one company in terms of market capitalization.

Today this company consisted of employees more than 333,489, working throughout the world.

Toyota Motors

Toyota Motors is a multinational company of Japan in the field of automobile manufacturing. It’s headquarter is located in Toyota, Aichi, Japan. This company manufactures automobiles. AD far as ranking is concerned it is at the fourteenth number in terms of revenue earning.

In November 1938, the Koromo Factory was established, and it worked hard to manufacture automobiles. However, the problems of automobile quality and cost arose, and the management was put into a critical situation. To overcome this situation, Kiichiro solved those problems by taking prompt action and in-house manufacturing of automobile parts. In 1941, Kiichiro became president of Toyota Motor Industry.

In November 1938, the Koromo Factory was established, and it worked hard to manufacture automobiles. However, the problems of automobile quality and cost arose, and the management was put into a critical situation. To overcome this situation, Kiichiro solved those problems by taking prompt action and in-house manufacturing of automobile parts. In 1941, Kiichiro became president of Toyota Motor Industry.