PLANO, Texas (Oct. 26, 2021) – In August, Fortune magazine unveiled its annual Fortune Global 500® list, showing Toyota Motor Corporation climbing one spot to No. 9. With a revenue of $256.7 billion, Toyota ranked first among automakers.
Fortune’s Global 500 list, an annual ranking of the 500 largest corporations worldwide as measured by total revenue, is widely acknowledged as the ultimate scorecard for business success. Despite setbacks from COVID-19, the Global 500 companies generated $31.7 trillion in revenue, $1.6 trillion in profit and employed 69.7 million people worldwide.
“Toyota is honored to be included on this year’s Global 500 List,” said Ted Ogawa, president and CEO of Toyota Motor North America. “This acknowledgement is a reflection of our global team and the great work that they do each and every day to provide mobility for all. Despite the many challenges we faced over the past year, we are grateful for the continued support from our customers, dealers and suppliers, and excited about ushering in a new era of clean mobility.”
With more electrified powertrain vehicles on U.S. roads than any other automaker, Toyota is committed to the future of mobility. Earlier this year, Toyota announced plans to debut three new electrified models in the U.S. this year—two battery electric vehicles (BEVs) and a plug-in hybrid (PHEV)—and took a major step forward with the introduction of the all-electric Toyota bZ4X Concept.
Focused on a powertrain strategy that includes BEVs, PHEVs, fuel cell electric vehicles (FCEVs) and hybrid electric vehicles (HEV), Toyota will expand its lineup from the current 55 models, to approximately 70 models by 2025.
Fortune’s “Global 500” Methodology
Companies are ranked by total revenues for their respective fiscal years, which ended on or before March 31, 2021. Each year, all companies on the list must publish their financial data and report part or all of their figures to a government agency. Figures are as reported, and comparisons are with the prior year’s figures as originally reported for that year. Fortune does not restate the prior year’s figures for changes in accounting.
The full list can be viewed on Fortune’s website here.
Toyota (NYSE:TM) has been a part of the cultural fabric in the U.S. for more than 60 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands, plus our nearly 1,500 dealerships.
Toyota has created a tremendous value chain and directly employs more than 36,000 in the U.S. The company has contributed world-class design, engineering, and assembly of more than 30 million cars and trucks at our 9 manufacturing plants, 10 including our joint venture in Alabama that begins production in 2021.
To help inspire the next generation for a career in STEM-based fields, including mobility, Toyota launched its virtual education hub at www.TourToyota.com with an immersive experience and chance to visit many of our U.S. manufacturing facilities. The hub also includes a series of free STEM-based lessons and curriculum through Toyota USA Foundation partners, virtual field trips and more. For more information about Toyota, visit www.toyotanewsroom.com.
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