SAS Automotive Services

Toyota Motor Co. was established as an independent and separate company in 1937. During World War II, the company was dedicated to truck production for the Imperial Japanese Army. The company was on the brink of bankruptcy by the end of 1949, but the company eventually obtained a loan from a consortium of banks which stipulated an independent sales operation and elimination of "excess manpower". In June 1950, the company produced only 300 trucks and was on the verge of going out of business. The management announced layoffs and wage reductions, and in response the union went on a strike that lasted two months. The strike was resolved by an agreement that included layoffs and pay reductions but also the resignation of the president at the time, Kiichiro Toyoda. Toyoda was succeeded by Taizo Ishida, who was the chief executive of the Toyoda Automatic Loom Company. The first few months of the Korean War resulted in an order of over 5,000 vehicles from the US military, and the company was revived. Ishida was credited for his focus on investment in equipment. One example was the construction of the Motomachi Plant in 1959, which gave Toyota a decisive lead over Nissan during the 1960s. In 1950, a separate sales company, Toyota Motor Sales Co., was established (which lasted until July 1982). In April 1956, the Toyopet dealer chain was established. In 1957, the Crown became the first Japanese car to be exported to the United States and Toyota's American and Brazilian divisions, Toyota Motor Sales Inc. and Toyota do Brasil S.A., were also established. In 1972, Toyota sold its one-millionth vehicle. By the end of 1975, Toyota surpassed Volkswagen to become the No. 1 import brand in the United States. Three years later, in 1978, Toyota won the "Import Triple Crown" by leading all import brands in sales of cars, trucks and total vehicles. Today, Toyota continues to grow as a global leader throughout the automotive world. Production is in excess of five million vehicles per year and employing more than 320,000 employees.