The document summarizes information about Toyota, including: - Toyota was founded by Sakichi Toyoda as a textile machine company and launched its first car in 1947. - The Toyota Production System was formed in 1950 based on Just-In-Time principles to provide best quality, lowest cost, and shortest lead time through waste elimination. - Toyota's major competitors include Ford, Volkswagen, Honda, and General Motors. Comparisons are provided between Toyota and competitor vehicles. - The document discusses Toyota's focus on alternative energy vehicles and goals to introduce an electric car by 2012.