CafeBiz would like to introduce the series of articles about “The richest clans in world history”. The series will be posted regularly every Friday. In this issue, we would like to introduce to readers the story of Toyoda – the family behind the giant automobile empire Toyota.
The founder of Toyota, Sakichi Toyoda, was born into a poor carpenter family in a rural area near Nagoya, Japan. He grew up and took his father’s apprenticeship, becoming a carpenter with the specialty of making wooden looms. By being eager to learn and diligent, he later created an entirely new, improved weaving machine from the previous wooden one.
Not only a talented craftsman, Toyoda has proved to be a creative and entrepreneurial entrepreneur from the outset. When he created this weaving machine, he quickly registered the patent and then mass produced it for sale.
On one visit to the US to find out information about the project of automatic looms that he was studying, Sakichi Toyoda happened to realize that cars had appeared in the US quite a lot but Japan did not have them yet. Subsequently. When there was information that Japan had to import 800 Ford cars, Sakichi Toyoda’s national pride increased.
In early 1930, each production line of tires, chassis and car engine was completed by the Toyoda family.
Toyota has always been one of the leading brands in the world, valued at tens of billions of dollars. At the same time, Toyota owns 522 subsidiaries across the planet. It is also one of the three largest car companies in the world, “consolidated vehicle sales reached 8,971,864 units”.
As a productive research expert who has been following Toyota’s every step, James Womack said: “Whether Akio becomes Toyota’s leader depends on many other factors, not because of the Toyoda family. “
Akio has the same starting point as any other Toyota employee. In 1984, he asked his father if he should go to work for Toyota and received an astonishing reply: “Nobody wants to be your boss. Toyota does not need children. If you want to work here, start like everyone else, ”starting from an apprenticeship position. Since then, the Toyota boat has remained steadfast.