Toyota Plants (Worldwide) (2024)

FAQs

How many factories does Toyota have around the world? ›

Today, Toyota operates 67 manufacturing companies worldwide.

Toyota has retained its lead as the world's biggest automaker by sales, beating German rival Volkswagen for the fourth consecutive year.

In the 1990s, Toyota's global reputation was established by the Prius hybrid. These achievements cemented Toyota's position as the industry's absolute leader. Toyota's amazing success is based on its adaptability, resilience, and persistent dedication to excellence.

The phrase 'global complementation' was coined by Toyota themselves and essentially can be summarized as a strategy that transforms old manufacturing plants to be able to shift between producing cars for local markets and manufacturing for export.

Toyota Motor Manufacturing, Kentucky (TMMK) is Toyota's largest vehicle manufacturing plant in the world, capable of producing 550,000 vehicles and more than 600,000 engines annually. Toyota broke ground in Georgetown, Kentucky, in May of 1986, and two years later (May 1988), produced its first Camry.

Today, Toyota operates 14 manufacturing plants in North America, and employs more than 32,000 people to design, engineer and assemble almost half of the vehicles Toyota sells in the United States.

The top worldwide market for both Toyota and Lexus brand vehicles is the United States, followed by Japan.

Globally: Toyota Corolla: This iconic sedan has been the best-selling car in the world for several consecutive years, with over 50 million units sold since its introduction in 1966. It is known for its reliability, fuel efficiency, and affordability.

TOYOTA MOTOR CORP.

Globally, 36% of Toyota's sales were of electrified models. Toyota brand sales climbed 10% to 523,710 vehicles. Like the automaker in total, it was the brand's second-best sales volume in the past five years for the quarter. Only the final quarter of 2020 was higher at nearly 568,000 units sold.

Is Toyota making money? ›

The automaker revised its annual net profit forecast upward to 4.5 trillion yen, up 83.6% on year. It had formerly forecast a full-year net profit of 3.95 trillion yen. Toyota now expects a full-year operating income of 4.9 trillion yen, up 79.8% on year.

Toyota is one of the largest motor vehicle companies in the world. Though it has other businesses, such as financial services, most revenues are from vehicle production and sales. Its largest markets are in Japan, North America, and Asia, where it is concentrating its efforts and sees growth opportunities.

The Toyota key sustained competitive advantages other than resources and capabilities include: Technological expertise the company owns as it is based on history of relevant research and development. It is indicated that Toyota owns rare technological capability.

Based on the global regulations, Toyota establishes its quality control standards at each production base that are suitable for the customers and environment of each region, and periodically checks and reviews the standards.

All adhere to the following principles of Just-in-Time to achieve synchronized production: 1) Only make what is needed by the customer, when it is needed, and in the amount needed; 2) Don't allow goods and information to be held up during production; 3) Make them at the pace at which they're sold.

Their car manufacturing facilities are based in locations such as Kentucky, Indiana, Canada, Mississippi, California, and Texas. Established in 1986, Toyota Motor Manufacturing, Kentucky, Inc. was the first wholly owned US-based Toyota manufacturing plant.

There are 769 Global Car & Automobile Manufacturing businesses as of 2024, a decline of -1.4% from 2023.

Toyota, which has four assembly plants in China, produced around 1.4 million vehicles there in 2019, accounting for a little less than 20% of its global production.