Japan Corporate History & Strategy
Automobiles (Tier 1)
10Japan's automotive industry grew rapidly from MITI's postwar domestic car promotion policy, reaching the world's top production volume by the 1980s. Toyota achieved both quality and cost efficiency through the Toyota Production System (TPS), recording 11.23 million global group sales in 2023 for four consecutive years at No. 1. Nissan brought in Carlos Ghosn through its 1999 alliance with Renault and achieved a dramatic turnaround with the 'Nissan Revival Plan,' though the 2018 arrest of Ghosn shook the partnership. Honda built its four-wheel business atop the world's largest motorcycle platform and explored a management integration with Nissan in 2024. The industry's greatest structural shift is the EV transition—while Tesla and BYD surge, Japanese automakers maintain hybrid advantages while accelerating electrification investments.