2.0 COMPANY OVERVIEW2.1 Company HistoryToyota Motor Corporation was founded in 1937, on August 28, by Kichiro Toyoda. His decision to integrate Toyoda Loom Works into automobile manufacturing created Toyota Motor Corporation, the world's largest automobile manufacturer. Toyota Motor Corporation Limited. (TMC) was first established as a separate company from Toyoda Automobile Loom Work, a leading manufacturer of loom machines. Sakichi Toyoda, known as the king of investors, is the head of Toyota Automobile Loom. In 1950, the giant automaker faced its one and only strike. This event, however, gave Toyota an important philosophy, brought to its work and management system, which helped Toyota achieve mutual growth and success in domestic and foreign markets. Today, this philosophy is very important to the structure of Toyota. Toyota's production system was improved in the late 1950s, creating the "Toyota Production System". This system has become the key factor in reducing inventory and defects in the factories of Toyota and its suppliers. This also strengthened Toyota's overall operations worldwide. In 1947, it launched its first small cars, the “Toyopet”. Toyota began operations outside Japan in 1959 in Brazil and continued to develop a network of foreign factories. Toyota celebrated its 60th anniversary in August 1997. It believes that its domestic production can provide customers with the productions they need, giving it stability and longevity. long-term development. It also has development facilities and a global design and research network, including the markets of Japan, Europe and North America. Toyota is ranked 8th in the Global Fortune 500 2007 World Companies Toyota Mot...... middle of paper.. ....g industry in Malaysia.Automotive Industries Sendirian Berhad (AISB) is the leading OEM manufacturer of systems Exhaust and reinforcement instrument panels. The AISB is committed to research and development (R&D) and a culture of excellence. Sankei Industry of Japan began a permanent R&D partnership with AISB in 1985. Additionally, AISB applied Toyota Production System (TPS) initiatives to improve efficiency. The AISB also partners with 7 technical assistance partners; mainly from worldwide exhaust manufacturers from Japan and USA for technical development of exhaust system. Toyota Boshoku UMW Sdn. Bhd. (TBU) is a joint venture with Toyota Boshoku Corporation, Japan. Using the just-in-time (JIT) method, TBU focuses on manufacturing and assembling high-quality interior parts, cost-effective car seats, door trims for all assembled Toyota cars and Hino commercial vehicles. by ASSB..