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Toyota overtook Ford in 2003 to become the
world's #2 carmaker, and finally toppled market leader General Motors for the first
time in 2008. It has a firm grip on its home territory with market share of more than 40% and controlling stakes in fellow
carmaker Daihatsu and leading truck manufacturer Hino. Above all, though, the company is keen to establish itself as a
global motor manufacturer not a Japanese exporter. It has taken care to adapt its product line to local tastes with
region-specific cars like the Camry in the US and Avensis and Corolla in Europe, and has worked hard to shift the majority
of its non-domestic production outside Japan. Never one to rest on its laurels, Toyota has consistently pushed into new
areas, the most notable of which has been its pioneering success with the Prius fuel-electric hybrid. Yet not even the
best-run of the world's auto manufacturers was able to withstand the impact of the sudden decline in the global car industry
during 2008. This led to a substantial loss for the financial year, the first in Toyota's history. Advertising
Age estimated global measured advertising expenditure of $3.2bn in 2007, making Toyota the world's #5 advertiser.
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Competitors: see Cars Sector index for other companies and brands
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The Adbrands Company Profile of Toyota summarises the company's history and current operations. Subscribers may access the following website links:
Toyota website
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Toyota worldwide
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