The Japanese car manufacturers were once on the brink of bankruptcy. Yet, the Toyota net worth is now larger than Mercedes-Benz, Volkswagen and General Motors.
Ferrari cars are the most desirable and Lamborghinis are the most expensive. Yet, most people don’t have £250,000 to spend on a car.
Toyota only makes a fraction of that from a car sale. However, Toyota’s revenue far outweighs the amounts made by its luxury rivals, having shipped almost 2.5 million cars in 2016.
Incredibly, Toyota came very close to bankruptcy in 1950. Recession had hit Japan and, with a lack of consumer spending, Toyota’s sales fell to just 300 vehicles a month. However, the US saved them from disaster with an order for 5,000 vehicles ahead of the Korean War.
Within a decade, Toyota’s Crown car became the first Japanese car sold in the US. They came to the UK soon after and sales have since boomed. Toyota cars are now sold in more than 170 different countries. They generate annual revenue of more than $200 billion.
The company now includes Hino Motors, Ranz, Daihatsu and luxury brand Lexus, with 36 factories spread around the globe churning out Toyota cars. Likewise, they are also looking to capture the hybrid market and now hold a 80% market share.
So what is the Toyota net worth?
Toyota is among the market leaders for cars sold, alongside Volkswagen and General Motors. Yet, while Toyota has competition in that area, the Toyota net worth puts them miles ahead of their rivals.
As things stand, Toyota is the world’s biggest car maker, with a market cap of $157.4b. That is more than double the value of Mercedes-Benz parent company Daimler AG ($70.2b), Volkswagen ($68.2b) and GM ($51.4b).
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