toyota was established on 1924 By Sakichi Toyoda when he invented Toyoda Model G Automatic Loom ,on 1950 Company faces a financial crisis; Toyota Motor Sales Co., Ltd. is established, on 1974 Toyota Foundation is established, on 1997 The Prius is launched as the world's first mass-produced hybrid car, on 2002 Toyota enters Formula One World Championship; Tianjin Toyota Motor Co., Ltd. begins production in China, on 2010 Worldwide Prius sales top 2 million mark Toyota and Tesla Motors agree on joint EV development