describes the aims, objectives & Ownership of the Burnaston car Manufacturing plant, Toyota.

Authors Avatar

The following section describes the aims, objectives & Ownership of the Burnaston car Manufacturing plant, Toyota. It will also describe the contributing factors to the location of the plant.

The Burnaston car plant manufactures the Corolla & the Avensis.

History

In 1918, Sakichi Toyoda revolutionised the Japanese weaving industry by creating the worlds 1st automatic loom. The sale of this business helped to finance the start up of Toyota Motor Company, which produced their first car in 1937.

Ownership

Toyota PLC is a multinational corporation based in Japan & the UK operation of Toyota is part of Toyota Europe. The Toyoda Family, the founders of Toyota, are still the largest shareholders today whilst Toyota’s shares are traded on the stock exchanges of Tokyo, New York & London.

Unique to Japan is the ‘Keiretsu Model’ whereby large companies can buy into each other’s stock. Which means a proportion of Toyota’s shares is owned by banks and the larger business corporation.

Join now!

The Burnaston Plant Is owned By Toyota PLC along with Toyota’s Engine Manufacturing plant at Deeside. These plants are the only 2 Toyota sites that are based in the UK.

Aims of Toyota PLC

  • The main aim of Toyota PLC is probably the same as any other non-charitable or non-government run business, that is to expand and Increase Profit Margin.

  • Toyota PLC’s mission is to “ensure quality” & to manufacturer & sell the ‘best car’ to a specific market on a global basis. One of their aims is to effectively produce a multinational operation by ...

This is a preview of the whole essay