What Companies Does Toyota Own?
Toyota is one of the largest automakers in the world, but did you know that the company has diversified into other industries as well? Over time, Toyota has acquired a number of companies across various sectors. Here is a look at some of the notable companies that Toyota owns:
1. Daihatsu Motor Co., Ltd.
Daihatsu is a Japanese car company that primarily produces mini cars. Toyota acquired a controlling stake in the company in 1998 and made it a subsidiary. Today, Daihatsu produces cars for Toyota under the “Toyota Pixis” brand in Japan.
2. Hino Motors, Ltd.
Hino is a Japanese commercial vehicle manufacturer that produces trucks, buses, and other vehicles. Toyota has been a majority shareholder in the company since 2001 and has integrated Hino’s diesel engine technology into some of its own vehicles.
3. Lexus International
Lexus is Toyota’s luxury vehicle division, but it operates as a separate entity. The company was launched in the United States in 1989 with the goal of competing with high-end European car brands like BMW, Mercedes-Benz, and Audi. Today, Lexus vehicles are sold worldwide.
4. Subaru Corporation
In 2019, Toyota increased its stake in Subaru to 20%, making it one of the automaker’s largest shareholders. Subaru is known for producing all-wheel drive vehicles such as the Impreza, Outback, and Forester.
5. Toyota Industries Corporation
Toyota Industries is a conglomerate that produces a wide range of products, including forklifts, textile machinery, and air compressors. The company was originally a spinoff of the Toyota Group in 1926 and has since grown into a major player in various industries.
6. Toyota Financial Services Corporation
Toyota Financial Services is the finance arm of Toyota that provides loans and leases to customers for purchasing Toyota vehicles. The company also provides insurance and other financial services related to vehicle ownership.
These are just a few of the many companies that Toyota owns. By expanding into other industries, Toyota has been able to diversify its business and strengthen its brand. With its focus on innovation and quality, it’s no wonder that Toyota has become one of the most successful companies in the world.