In 1930, Kiichiro Toyoda began to develop a compact petrol engine car. The company opened a specialized automotive division of «Toyoda Automatic Loom Works Ltd» In 1933, which in 1936 announced the output of Toyoda Model AA. «Toyota Motor Co. Ltd» was opened In 1937. Now the company is the member of the «Toyota» financial and industrial group. The company is rightfully considered one of the leaders of the world automotive industry. In addition to the Toyota brand the company produces cars under the brand name of Lexus.
The first car - a convertible on the chassis of the Chevrolet - was a hybrid model of Chrysler and Ford. The model sold well before the war and then with some modifications it was produced in the postwar period. In 1958 the company began selling in the U.S., and four years later - in Europe. The first model that has got into the European market was Corolla 1100. The rate of sales rose up steeply - quality and design were comparable with European and American brands, and the price was much lower. In 1967, Toyota joined Daihatsu Motor Company. Achieving sustainable growth, the company began to digest the market of off-road sports car. A few number of Toyota Land Cruiser owners know that a prototype of the famous SUV appeared back in 1951.
In the late 90s the company «Toyota Motor Corporation» manufactured its 100 millionth vehicle.
Currently, Toyota is actively developing and cooperating with partners around the world. In 2005 it was decided to build a plant in Russia. In our country, the company plans to assemble business-class sedans of Camry.