Toyota Set to Become World’s #1 Automaker in ’06 or ’07

    1 of View/ Kazuyoshi Abe: – ENGLISH

    Here is a piece from a Japanese newspaper that gives a pretty good short historical overview of Toyota's entry into the auto business. Toyota only started making cars in 1937 and will most likely be #1 in the world (in production volume) by their 70th anniversary.

    Many people don't know that it wasn't always rosy for the Toyota auto business:

    In December 1949, the automaker faced possible bankruptcy because it was unable to cover a debt of 200 million yen. It was Takeo Takanashi, a Bank of Japan branch manager, who saved the company from embarrassment. … extended a cooperative loan to save the company from going broke. In 1950, Toyota implemented restructuring measures, including the axing of 1,600 employees and the splitting of sales and manufacturing divisions into separate entities.

    Labor unions staged a strike for two months in opposition to dismissals. To settle the dispute, Kiichiro Toyoda stepped down and was replaced by Taizo Ishida, who headed the loom works, which was the most profitable of the group companies at the time.

    Toyota had its crisis. Chrysler, Ford, and GM have all had a major crisis in the past 25 years…. but how did they and how will they respond?

    The article says: “GM is advancing corporate restructuring to tide over financial difficulties, and its production is declining.”

    Waste reduction or corporate restructuring? Blaming workers or taking responsibility for management failures? Which path should they go down? Is that what they'll really do?

    Please check out my main blog page at

    The RSS feed content you are reading is copyrighted by the author, Mark Graban.

    , , , on the author's copyright.

    What do you think? Please scroll down (or click) to post a comment. Or please share the post with your thoughts on LinkedIn – and follow me or connect with me there.

    Did you like this post? Make sure you don't miss a post or podcast — Subscribe to get notified about posts via email daily or weekly.

    Check out my latest book, The Mistakes That Make Us: Cultivating a Culture of Learning and Innovation:

    Get New Posts Sent To You

    Select list(s):
    Previous articleJim Womack – Lean Solutions Webinar Access
    Next article"Iowa is a Manufacturing State"
    Mark Graban
    Mark Graban is an internationally-recognized consultant, author, and professional speaker, and podcaster with experience in healthcare, manufacturing, and startups. Mark's new book is The Mistakes That Make Us: Cultivating a Culture of Learning and Innovation. He is also the author of Measures of Success: React Less, Lead Better, Improve More, the Shingo Award-winning books Lean Hospitals and Healthcare Kaizen, and the anthology Practicing Lean. Mark is also a Senior Advisor to the technology company KaiNexus.



    Please enter your comment!
    Please enter your name here

    This site uses Akismet to reduce spam. Learn how your comment data is processed.