Toyota Analysis

Introduction

Having a combined market in 170 countries , Toyota Motor Corporation is a multinational company which manufactures and sells automobiles in international design and standards . TMC automobiles include passenger cars , sport-vehicles , minivans and trucks . The company also has a division for financial services in to facilitate loans for purchase of TMC vehicles . The company has only three major competitors viz , Mazda Motor Corporation , Nissan Motor Co Ltd , and Honda Motor Co ,Ltd

Toyota is one of the global leaders in automobile sector . In the year 2005 , the company has made

investment in the factories of U .S and China to participate in the worldwide development of automobile industry . As a result , net profits of the company were recorded at 0 .8 per cent which amounts to USD 11 billion whereas sales were 18 .55 trillion yen . Toyota maintains techniques to increase its customer database . The company is in a very advantageous position which is enabled to manufacture a large number and a range of vehicles to meet the needs of customers and organizations

Market structure

Toyota automobiles are the most prominent sellers in U .S having a market share of 15 per cent . In the year 2006 Toyota sold 2 .5 million cars and trucks in U .S . Certainly Toyota has bigger market than Ford and Chrysler in U .S market as Toyota automobiles are used for both luxury and as well for commercial purposes . Globally , Toyota sales accounted to 2 .16 million vehicles in quarter , 2007 which was in with the projections for the year 2007 which is a projected sale of 9 .34 million vehicles . Even in the times when all other automobile companies are confronted with sales crunch and a competitive market , Toyota has been performing exceedingly well in sales , unhesitantly which is an indication that this Japanese multinational company is well equipped with first class technology which is collecting new pool of customers each financial year .Sales for the year 2007 ? 23 .95 Trillion (USD 193 .74 billion

Cost of goods sold ? 17 .85 Trillion

Earnings for the year 2007 ? 1 . 64 Trillion Rank among Fortune 500 : 8th

Revenues for the year 2005 : USD 185 ,805 million[a growth of 7 .6 from 2004]

Profits for the year 2005 : USD 12 ,199 .6 million [a growth of 11 .2 - 2004]

Assets : USD 243 ,506 .0 million

Stockholders ' equity : USD 89 ,501 .9 million

Cost

Toyota company is exceptionally good in cost-cutting measures with the fact that knowledge is power , the company has introduced e-learning to employees as a cost saving measure . As a result of e-learning trained staff , the company has benefited a cost saving of 60 per cent per trainee and trainer 's time . Toyota 's e-learning prepares efficient teams , skilled and trained employees and a close interaction with senior management as a collective effort towards result-oriented progress while saving lot of time and cutting costs in terms of employees expenditure

The above effective tool of e-learning , indicates that Toyota company at a fast...