Toyota Motor Corporation was Japan’s largest car company and the world’s third largest by the year 2000. Toyota is a Japanese automotive manufacturer headquartered in Toyota, Aichi, Japan. The company was founded by Kiichiro Toyoda in August 28, 1937 as a The company broke out from his father's company . Toyota Industries to create automobiles. Toyota's origins lie in the Japanese weaving industry when Sakichi Toyoda invented the world's first automatic loom. In 1933 a Japanese named Kiichiro Toyoda Sakichi, Toyoda’s son; traveled to the United States, where he visited a number of automobile production plants.
In 1929, they sale the patent for the production of textile machines to companies of England in PLATT BROS 100,000) pounds. And Sakichi gave those proceeds to his son, Kiichiro, to develop automotive technology at Toyoda. This in turn led to the launch of the Company's first ever passenger car in 1936, the Model AA, and in 1937 the first cars produced by Toyota loom factory and distributed in the market. A four-door sedan 65 HP 6-cylinder engine, open the market for the first time in 2479 with a production rate of 5 cars per day, and founded TOYOTA MOTOR CO., LTD. With capital of about 3.5 million dollars US