The company was founded by Kiichiro Toyoda.

Kiichiro Toyoda, the eldest son of Sakichi Toyoda, founded the company in question. He was born on June 11, 1894, in Japan. Kiichiro Toyoda was a Japanese entrepreneur and the founder of the Toyota Motor Corporation.

Background of Kiichiro Toyoda:

- Kiichiro Toyoda was born into a family that was involved in the weaving and textile industry. His father, Sakichi Toyoda, was an inventor and entrepreneur who revolutionized the textile industry with the invention of a power-driven loom.
- Growing up in this environment, Kiichiro developed an interest in machinery and engineering from a young age.

The Foundation of Toyota Motor Corporation:

- In 1933, Kiichiro Toyoda established the Toyota Motor Corporation as a division of his father's company, Toyoda Automatic Loom Works. The aim was to diversify the family business and enter into the automobile industry.
- The company initially focused on producing automobiles and engines, with an emphasis on quality and innovation.
- Kiichiro Toyoda's vision was to create affordable, high-quality vehicles that would cater to the needs of the mass market. He believed in continuous improvement and innovation, which became the guiding principles of the company.

Key Contributions and Achievements:

- Kiichiro Toyoda played a crucial role in the development and growth of Toyota Motor Corporation. Under his leadership, the company introduced several innovative production methods and technologies.
- One of his notable contributions was the development of the Toyota Production System, which revolutionized manufacturing processes and became a model for other industries worldwide.
- Kiichiro Toyoda also had a significant role in the development of the first Toyota passenger car, the Model AA, which was launched in 1936.
- He served as the president of Toyota Motor Corporation from its foundation until 1950, during which time he laid the foundation for the company's success and global expansion.

Legacy:

- Kiichiro Toyoda's entrepreneurial spirit and commitment to quality and innovation have left a lasting impact on the automotive industry.
- Today, Toyota Motor Corporation is one of the world's largest automobile manufacturers, known for its reliability, efficiency, and continuous improvement.
- The company's success and global reputation can be attributed to the vision and leadership of its founder, Kiichiro Toyoda.