Editing Toyota (section)

===1940s===
{{primary|section|date=December 2023}}

Japan was heavily damaged in [[World War II]] and Toyota's plants, which were used for the war effort, were not spared. On August 14, 1945, one day before the [[surrender of Japan]], Toyota's Koromo Plant was bombed by the [[Allies of World War II|Allied forces]].<ref>{{Cite web |title=Part 1, Chapter 2, Section 6, Item 1: Resumption of factory production |url=https://www.toyota-global.com/company/history_of_toyota/75years/text/taking_on_the_automotive_business/chapter2/section6/item1.html |access-date=July 29, 2021 |website=75 Years of Toyota}}</ref><ref>{{cite magazine |last=Reingold |first=Ed |date=August 23–30, 1999 |title=People around the world drive Toyotas--and produce them too. A textile-factory boy is the industrial wizard who made it happen |url=http://www.cnn.com/ASIANOW/time/asia/magazine/1999/990823/toyoda1.html |magazine= [[Time Asia]]|volume=154 |issue= 7/8|location= |publisher=[[CNN]] |access-date=December 15, 2023}}</ref><ref>{{cite news |last= |first= |date= February 9, 2010|title=Toyota's long, bumpy road to success |url=https://www.khaleejtimes.com/business/toyotas-long-bumpy-road-to-success |work= [[Khaleej Times]]|location=[[Toyota City]] |access-date=December 15, 2023}}</ref> After the surrender, the [[Occupation of Japan|U.S.-led occupying forces]] banned passenger car production in Japan. However, automakers like Toyota were allowed to begin building trucks for civilian use, in an effort to rebuild the nation's infrastructure.<ref>{{Cite web |title=Part 1, Chapter 2, Section 6, Item 3: Converting to Meet Civilian Demand and Dealing with Post-war Reforms |url=https://www.toyota-global.com/company/history_of_toyota/75years/text/taking_on_the_automotive_business/chapter2/section6/item3.html |access-date=July 29, 2021 |website=75 Years of Toyota}}</ref>{{primary source inline|date=December 2023}} The U.S. military also contracted with Toyota to repair its vehicles.<ref>{{Cite web |title=Part 1, Chapter 2, Section 6, Item 5: U.S. Army Vehicle Repair Operations and Compact Car Development |url=https://www.toyota-global.com/company/history_of_toyota/75years/text/taking_on_the_automotive_business/chapter2/section6/item5.html |access-date=July 29, 2021 |website=75 Years of Toyota}}</ref>{{primary source inline|date=December 2023}}

By 1947, there was an emerging global [[Cold War]] between the Soviet Union and the U.S., who had been allies in World War II. U.S. priorities shifted (the "[[Reverse Course]]") from punishing and reforming Japan to ensuring internal political stability, rebuilding the economy, and, to an extent, remilitarizing Japan. Under these new policies, in 1949, Japanese automakers were allowed to resume passenger car production, but at the same time, a new economic stabilization program to control inflation plunged the automotive industry into a serious shortage of funds, while many truck owners defaulted on their loans.<ref>{{Cite web |title=Part 1, Chapter 2 Section 6, Item 6: Dodge Line Recession and liberalization of vehicle production and sales |url=https://www.toyota-global.com/company/history_of_toyota/75years/text/taking_on_the_automotive_business/chapter2/section6/item6.html |access-date=July 29, 2021 |website=75 Years of Toyota}}</ref>{{primary source inline|date=December 2023}} Ultimately, the [[Bank of Japan]], the [[central bank]] of the country, [[bailout|bailed out]] the company, with demands that the company institute reforms.<ref>{{Cite web |title=Part 1, Chapter 2, Section 6, Item 6a: Emerging business management crisis |url=https://www.toyota-global.com/company/history_of_toyota/75years/text/taking_on_the_automotive_business/chapter2/section6/item6_a.html |access-date=July 29, 2021 |website=75 Years of Toyota}}</ref>{{primary source inline|date=December 2023}}