Toyota is one of the largest automobile manufacturers in the world. It was founded in Japan in 1937. Today, it produces a multitude of different car models as well as other vehicles, which makes it very popular.
As you might know, many companies these days own each other or hold stakes in one another. So, this might beg the question: Is Toyota considered to be a parent company? Does it own any other brands?
What Brands Are Owned By Toyota?
Just like most other multibillion-dollar companies, Toyota owns several companies as well as holds shares and stakes in a few others. Most notably, Toyota owns Lexus, Subaru, and Suzuki, which all produce automobiles. What’s more, through these brands, Toyota holds stakes in several smaller companies that produce other products, not just automobiles, and similar vehicles.
All of this makes Toyota one of the largest companies in the world.
How many companies does Toyota own?
As of 2022, Toyota produces vehicles and automobiles under four brand names. These are Daihatsu, Hino, Lexus, and its original name Toyota.
In addition to that, Toyota also has stakes in several other companies. For instance, it holds shares in Subaru Corporation, Mazda, Suzuki, Isuzu, Yamaha Motor Corporation, and Panasonic.
To be specific, Toyota holds a 20% stake in Subaru Corporation, a 5.1% stake in Mazda, a 4.9% stake in Suzuki, a 4.6% stake in Isuzu, a 3.8% stake in Yamaha Motor Corporation, and a 2.8% in Panasonic.
Toyota also owns Ranz, which is a company focused on the growth of electric vehicles. This company plays a crucial role in the launching of Toyota’s electric cars, especially in the Asian market.
What’s more, Toyota also owns the Hino company. It manufactures operational vehicles, including trucks and diesel engines for buses and larger vehicles. These are often used for recovery, delivery, and towing, as they’re medium- to heavy-duty.
Toyota also holds stakes when it comes to vehicle manufacturing in several countries, such as China, the Czech Republic, India, and the United States.
All of this makes Toyota a very significant manufacturing company.
Is Toyota owned by any brand?
Toyota isn’t owned by any other brand; it’s self-standing.
It was founded by Kiichiro Toyoda on August 28, 1937, in Japan. In its long life span, it has become one of the most prolific automobile manufacturers. In fact, Toyota produces around 10 million vehicles each year.
Toyota is one of several car brands that isn’t owned by any large companies. These brands, called parent brands, include Volkswagen, Ford, General Motors, BMW Group, and several others.
Parent brands are existing and usually very popular brands that tend to acquire smaller ones or buy stakes in them. This allows brands to share their identity and increase the profit that the smaller brand might not otherwise have.
So, thanks to owning several companies, Toyota is one of the biggest parent companies in the automobile manufacturing world.
What automobiles and vehicles does Toyota produce?
Toyota produces a wide variety of automobile vehicles, including sedans, coupes, vans, trucks, hybrids, and crossovers.
The most common cars produced by Toyota include SUVs and crossovers, sold under the original Toyota name. These are also most commonly associated with the Toyota name and include Land Cruiser, Corolla, and Yaris, among others.
What’s more, Toyota produces a lot of luxury cars under one of its names, Lexus. These include sedans, limousines, coupes, convertibles, and SUVs.
In addition to these, Toyota produces the Toyota coaster, which is a minibus that seats 17 passengers. It’s the only minibus sold by this company, as it mostly focuses on smaller cars.
What else does Toyota produce aside from automobile vehicles?
Using its own name, Toyota solely produces automobiles, such as SUVs, convertibles, compact cars, soups, trucks, and sedans. But it does own several stakes in companies that manufacture other products.
For instance, Toyota owns some shares in Mitsubishi Aircraft Corporation. Through this company, Toyota has invested millions of dollars into various aviation ventures, such as jet production, aircraft, and others.
In addition, thanks to its partnership with Yamaha Marine, Toyota has contributed to the production of pleasure boats. In fact, Toyota has produced several private motorboats in collaboration with Yamaha Marine.
Aside from production, Toyota also invests in several organizations, start-up businesses, and partnerships.
For instance, it invests in various biotechnological start-ups, robotics-utilizing companies, and even higher education ventures.
What’s more, the Toyota Group is also associated with making textile machinery, such as weaving and spinning machines. This broadens their outreach from automobile vehicles to other industries.
So, Toyota isn’t only involved in producing cars and other vehicles.
Does Toyota work with other companies?
Toyota produces most of its automobiles and vehicles on its own. Still, it has ventured into some projects with other companies.
For example, Toyota worked with Tesla in 2010 to develop battery-powered electric vehicles under the name Toyota. This Toyota model contains component parts from the Tesla Model S and is called the RAV4 EV. Unfortunately, it was discontinued in 2014.
In addition, Toyota has been working with its subsidiary company Panasonic to develop a more efficient form of solid-state batteries for their electric vehicles.
Aside from these ventures, Toyota mostly develops vehicles using the companies it owns and its own name.
Does Toyota own Kia?
Many people believe that Kia is owned by Toyota, but it’s actually not true. Kia is owned by Hyundai Motor Group, which is a Korean company, not a Japanese one.
In fact, there are many brands that people confuse as being owned by Toyota. Other ones include Honda, Nissan, and Land Rover. These aren’t partnered up with Toyota and are owned by different parent companies, though.
As you can see, Toyota owns several companies, sells vehicles under multiple names, and holds stakes in many others. It’s not surprising since it’s one of the most well-known and established automobile companies on the market.
In addition, Toyota is listed on several stock exchange listings, along with many other companies. As a result, it’s possible that Toyota may hold stakes in other companies in the future.
Sources: Toyota, Reuters, and Consumer Reports
Jack is the owner, chief editor, and senior writer of Farms Wise.
Farming has always been a passion of his since he was a young boy. Growing up on a small farm in rural America, he learned the value of hard work and dedication from an early age.
After completing his degree in Agriculture, he decided to follow his dream and became a farmer in 2009.
Since then, he has gained a wealth of knowledge and experience in the field. He has grown a variety of crops, tended to farm animals, and worked with all sorts of farming machinery. Continue reading…