"Forbes.com readers and editors rank Sakichi Toyoda as the 13th most influential businessman of all time... Sakichi Toyoda was a weaver who, in 1924, invented a loom that would detect an error and automatically cease production, preventing the creation of defective goods. He later sold the patent on his machine to a British firm for about $150,000. That money was used to help his son found a start-up, Toyota , which would become the world’s second-biggest carmaker."
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"Sakichi Toyoda (1867-1930)," at forbes.com, 7/13/2005.
https://en.wikiquote.org/wiki/Kiichiro_Toyoda
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Kiichiro Toyoda
(豊田 喜一郎, June 11, 1894 – March 27, 1952) was a Japanese entrepreneur and the son of Toyoda Loom Works founder Sakichi Toyoda. His decision to take Toyoda Loom Works into automobile manufacturing created what would become Toyota Motor Corporation.
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