The company was founded by Kiichiro Toyoda in 1937 as a spinoff from his father's company Toyota Industries to create automobiles. Three years earlier, in 1934, while still a department of Toyota Industries, it created its first product, the Type A engine, and, in 1936, its first passenger car, the Toyota AA. Toyota also owns and operates Lexus and Scion brands and has a majority shareholding stake in Daihatsu and Hino Motors, and minority shareholdings in Fuji Heavy Industries, Isuzu Motors, Yamaha Motors, and Mitsubishi Aircraft Corporation. The company includes 522 subsidiaries Revenue ▼ USD $263.42 billion (2009) Operating income ▼ USD $-4.56 billion (2009) Net income ▼ USD $-4.33 billion (2009) Total assets ▼ USD $324.98 billion (2009) Total equity ▼ USD $-5.54 billion (2009)
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