Toyota Motor Corporation, abbreviated TMC, is a Japanese multinational automaker headquartered in Toyota, Aichi, Japan. In 2010, Toyota employed 300,734 people worldwide, and was the third-largest automobile manufacturer in 2011 by production behind General Motors and Volkswagen Group. Toyota is the eleventh-largest company in the world by revenue. In July 2012, the company reported it had manufactured its 200-millionth vehicle.
Toyota Motor surpassed the milestone of 10 million unit sales in 2014, taking the lead as the world’s largest automaker.
And although it lost out on the top spot for the first half of 2015, Volkswagen’s ascension to the top spot is not a particularly devastating blow to Toyota, which remains immensely profitable and retains strong global market share.
Riding on the back of the ever falling Yen, Toyota’s operating profit margin was 10.1%, while Volkswagen’s global operating profit margin was 6.3%. With the Yen expected to continue its fall and Toyota’s U.S. sales expected to maintain its growth (5.2% in the first half of 2015), it may be still too early to write off Toyota as the king of auto sales in 2015.
