In your interest.
Online Personal Finance Magazine
No beating about the bush.
Toyota had its roots in textile machinery but was anxious to diversify. In 1930, Platt Brothers of Oldham, at one time the world’s biggest manufacturer of textile machinery, handed over £100,000 in return for the patents to a pioneering automatic loom developed by the Japanese company. That money helped Toyota to lay the foundations to become the world’s biggest automobile manufacturer.