The Japanese automotive industry has a global reputation for high-quality products. Toyota was founded over 70 years ago and has become one of the world's largest car companies in market capitalization and reported revenue. Based on consolidated figures, the company reported over $300 billion in 2017. It has well over 380,000 employees worldwide, with a significant portion located in Japan.
The features found in Toyota cars are well known across the world. The Corolla is the brand's best-selling car and was traditionally sold in Japan but is now being offered globally. The company produces all-electric vehicles, hybrids and trucks, in addition to the gasoline-powered cars for which it is best known. These cars feature six advanced technology safety features, including the Pre-Collision System, Lane Departure Alert System and Adaptive Cruise Control.
The good fuel economy in these models is certainly a plus for the owners and the company. Intuitive controls help the drivers to feel at ease while driving and the advanced technology makes them safer and more eco-friendly. The powertrain systems are constantly being improved to meet the customers' needs, ultimately contributing to reduced fuel consumption. Customers benefit from the reliability and durability of their cars and can rely on them for years.
Sedan models are among the world's best-selling vehicles. The Prius, Camry and Corolla sedans were among the top 10 bestselling cars worldwide. They have outstanding reliability and appeal to customers worldwide, including in Europe, Asia and North America. SUVs and trucks are also popular for those who want to travel long distances and know the value of quality. The top SUVs include 2023 bZ4X, 2022 4Runner, 2022 C-HR, 2022 Highlander and 2022 RAV4. SUV models are popular for their comfort, spaciousness and ruggedness. Trucks offered by the company include the Tacoma and Tundra options that are compact and comfortable but built for heavy-duty use.
The company is known for its exceptional hybrid technology and is the only company producing more than 10 million hybrid cars. Regarding fuel economy, Prius Prime, Corolla Hybrid, Venza, Sequoia Hybrid, Tundra Hybrid and Avalon Hybrid are favorites. Their fuel efficiency ratings come in at an average of 40 combined mpg. The all-electric vehicles are offered at a competitive price and now have a range of 180 miles. This can be extended via external battery packs. The bZ series is an example as this offers the power of a sports car in an elegant sedan. Safety features of these cars include radar-based cruise control, lane departure warning and automatic emergency braking.