Abstract: Kiichiro Toyoda and the Birth of the Japanese Automobile Industry: Reconsideration of the Toyoda-Platt Agreement

Kazuo Wada

Abstract

Toyota Motor Corporation is now undoubtedly one of the most famous and mighty car assemblers in Japan. It has been widely asserted that the one million yen that was received as a result of the Toyoda-Platt Agreement provided Kiichiro with the means to begin doing research on the automobile. Such a legendary story is unreliable. The nucleus of this legendary story about Toyota is the Toyoda-Platt Agreement, so it would be worthwhile to reconsider that agreement. I would also like to draw attention to information that has been neglected until recently: Kiichiro's work experience at the factory of Platt Brother & Co. in 1922, based on his own recently discovered diary.