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Toledo had also been known as "The Auto Parts Capital of the World". Several large, Fortune 500 automotive related companies had their headquarters in Toledo. Electric AutoLite, Sheller-Globe Corporation, Champion Spark Plug, Questor, and Dana Corporation are examples of large auto parts companies that began in Toledo. Only Dana Corporation is still in existence as an independent entity. The Jeep vehicle has been manufactured in Toledo since 1941 as well. Willys-Overland was a major automaker headquartered in Toledo until 1953.

The area was first settled by European USs in 1794, after the Battle of Fallen Timbers, with the founding of Fort Industry. However, with the War of 1812, many settlers fled the area. Resettling around 1817 a Cincinnati syndicate purchased a 974-acre (3.9 km²) tract at the mouth of Swan Creek and named it Port Lawrence. The syndicate failed 3 years later, and the settlement joined with a river settlement to the N called Vistula. The inhabitants of this joined settlement chose the name Toledo, "but the reason for this choice is buried in a welter of legends. One recounts that Washington Irving, who was traveling in Spain at the time, suggested the name to his brother, a local resident; this explanation ignores the fact that Irving returned to the US in 1832. Others award the honor to Two Stickney, son of the major who quaintly numbered his sons and named his daughters after States. The most popular version attributes the naming to Willard J. Daniels, a merchant, who reputedly suggested Toledo because it `is easy to pronounce, is pleasant in sound, and there is no other city of that name on the US continent`."

In the end, the state of Ohio was awarded the land after the state of Michigan was given the Lost Peninsula in exchange. Stickney Avenue in Toledo is named for One and Two Stickney.

Toledo is located at 41°39`56?N, 83°34`31?W (41.665682, -83.575337). The city sits astride the Maumee River at the southern end of Maumee Bay, which is the westernmost inlet of Lake Erie. Toledo is N of what was previously the Great Black Swamp, giving rise to another nickname, Frog Town. An important ecological site, a sandy oak savanna called the Oak Openings region, lies just west.

Historically, Toledo is best known for industrial manufacturing, although these industries have declined considerably in past decades. The Big Three automobile manufacturers all have factories in metropolitan Toledo. The city is home to two Fortune 500 companies: Dana Corporation and Owens Corning. Another Fortune 500 company, previously located at One SeaGate, is Owens-Illinois. O-I has recently relocated to subcitified Perrysburg. HCR Manor Care is an up and coming Fortune 1000 company headquartered in Toledo. Though the largest employer in Toledo was Jeep for much of the twentieth century, this honor has recently gone to the University of Toledo. Manufacturing as a whole now employs fewer Toledoans than does the healthcare industry, now the city`s largest employer. In 2001, a taxpayer lawsuit was filed against Toledo that challenged the constitutionality of tax incentives it extended to DaimlerChrysler for the expansion of its Jeep plant. The case was won by the city on a technical issue after it reached the U.S. Supreme Court in DaimlerChrysler Corp. v. Cuno, 547 U.S. ___ (2006).

Toledo is home to several other large companies. Faurecia Exhaust Systems, which is a /