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Global Economic I mplications of The T oyota Motor C ompany. Eric, Charles, Molly, Colby, Gene. Agenda. Company Overview Net Revenue / Operating Income Financial Services Operations Other Areas of Business Business In Other Countries Competition Product Failure Recovery's - PowerPoint PPT Presentation
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Global Economic Implications of The Toyota Motor Company
Eric, Charles, Molly, Colby, Gene
Agenda
• Company Overview• Net Revenue / Operating Income• Financial Services Operations• Other Areas of Business• Business In Other Countries• Competition• Product Failure Recovery's• New Technology
Company Overview
• Public Company• Industry– Automotive– Robotics– Financial Services
• Founded: August 28, 1937
• Founder: Kiichiro Toyoda
• Key People– Fujio Cho (Chairman)– Akio Toyoda
(President and CEO)• Employees: 324,747• Divisions– Lexus– Scion
Net Revenue / Operating Income
• Japan– 2010 Domestic sales increase by 11.2% (218,000) to 2.16
million units.– Net Revenues declined 7.9% (966.4 billion) to 11.2 trillion– Cost-reduction efforts / lower fixed costs = $12.3 billion
improvement = (225.2 billion)• North America– Vehicle sales decreased 5.2 % (114,000)to 2.10 million
units.– Net Revenues decreased 8.9 % (552.4 billion) to 5.7
trillion
Financial Services Operations
• OverviewTotal assets: 13.3 trillionNet revenues: 1.2 trillionOperating income: 247.0 billionOperating areas: 33 countries / regionsNumber of customers: About 8.1 milNumber of employees: About 8,000
Toyota Motor Corporation
Overseas Sales Finance
Companies
Toyota Finance Corporation
Toyota Asset Management
Co., Ltd.
Toyota Financial Services
Corporation
Financial Services Operations Organization
Other Areas Of Business
Other Business Operations• Intelligent Transport Systems (ITS) Business
– The planning and development of products and services for ITS. The creation of vehicle-infrastructure cooperative systems that support safe driving.
• Information Technology and Telecommunications Business– Engaged in the planning and commercialization of services that
integrate vehicles and cell phones. Also serving as a sales agency for cellphones provided by KDDI corporation.
• E-TOYOTA Business– Developing e-TOYOTA business operations which offer
additional value to customers by integrating IT services with automobiles.
Other Business Operations 2• Housing Business– Manufacturing luxury houses in Japan.
• Marine Business– Toyota is expanding into the marine business
manufacturing boats and engines.
• Biotechnology and Afforestation Business– Contributing to the creation of a resource recycling society
through its biotechnology and afforestation operations.
Other Business Operations 3
Toyota uses technologies and expertise gained from the automotive operations to operate a variety of businesses.
Business In Other Countries
Business In Other Countries
• Manufacturing and Distributing companies in different countries including:– North America– Latin America– Europe– Africa– Asia (excluding Japan)– Middle East
Business In Other Countries (Shipping)
• Shipping via boat, hauling 8,500 vehicles• Uses NYK Line – Japanese Shipping Company• Expected imports through Newark to
increase by 20% in 2012 compared to 2011• Rebounding from Natural Disasters• United States and Puerto Rico
Business In Other Countries (Advertising)
• Toyota creating two new companies to manage marketing– One for Japan– One for Worldwide
• Stems from reorganization of a global marketing division
• The company spends about $1.2 billion annually on ads
• In 2009, Toyota posted first annual loss in 59 years (during recession)
Competition
Competition on all Fronts• Asia
– Honda– Hyundai– Mitsubishi
• North America– Ford– Chevrolet – Dodge– Chrysler
• Europe – Fiat– BMW– Saab
Hometown Competitor
Category Toyota Toyota
Stripped Toyota Loaded Honda
Honda Stripped
Honda loaded
Small Car Corolla 13330 18880 Civic 13010 21210
Family Sedan Camry 18970 25405 Accord 15880 29886
mini-SUV RAV-4 18975 24287 CR-V 17110 26853
mini-van Sienna 28012 36250 Odyssey 24440 35282
North American Challengers
• Chevrolet– Fuel efficient– Higher safety ratings– Shorter breaking distance
• Ford– Innovative – Clean Running– Pleasing to the eye
Europe
• BMW– Know for higher class– Have a serious following– More expensive
• Mini– Compact– Has a luxury aspect while still comparable
• Fiat
Recovering After Product Failures
Toyota • Faced with big recovery trust
with the product failures
• Did not act early
• Example: Brakes– “brake override system”
Trustworthiness & Recovery
Trust• Gain Trust:
– Take serious actions– Keep issues open in a
positive way– Responding to customers
Recovery• Toyota actions:
– Take full responsibility for mistakes
– Learn from them– When something happens
act immediately
Bonds of Trust
• Maximizing customer satisfaction by strengthening bonds
• Standardizing service quality
• Development of new compact car etios
• Position in market
General Overview
• Toyota focused on customers• Fully investigate• Toyota has grown by quickly responding to market needs• Quality control processes
• Strengthened monitoring function • Strengthening the information gathering function• Increasing the number of technical offices• Human resource development
New Technology
New Technology• Prius
• Safety Technology
• Cabin Electronics
Prius
• Low MPG
• Recyclable batteries
• Solar Technology
Safety Technology
• Controlled Steering
• Heartbeat Monitor
• Pop-up hood/ Airbags
• Headlights
Questions?