"Years ago, at age 20, Sakichi Toyoda, the son of a Shizouka carpenter, became interested in the mechanics of looms. Four years later, despite many challenges, he patented his first wooden loom that increased production by 50 percent. His obsession continued until he invented Type G looms, that could detect flaws and automatically stop.
In 1929, he sent his oldest son (Kiirchiro Toyoda) to England to negotiate the sale of the patent to Platt Brothers for one million Yen (about the equivalent of $11,500 current Candaian). That capital financed the establishment of Toyota Automobile, which is currently the second largest automaker in the world...."
Vancouver Province, last weekend.
In 1929, he sent his oldest son (Kiirchiro Toyoda) to England to negotiate the sale of the patent to Platt Brothers for one million Yen (about the equivalent of $11,500 current Candaian). That capital financed the establishment of Toyota Automobile, which is currently the second largest automaker in the world...."
Vancouver Province, last weekend.