Autoblog http://www.autoblog.com Autoblog http://www.blogsmithmedia.com/www.autoblog.com/media/feedlogo.gif Autoblog http://www.autoblog.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Toyota reverses decision, chooses to again seek quality over market share]]>http://www.autoblog.com/2009/08/11/toyota-reverses-decision-chooses-to-again-seek-quality-over-mar/http://www.autoblog.com/2009/08/11/toyota-reverses-decision-chooses-to-again-seek-quality-over-mar/http://www.autoblog.com/2009/08/11/toyota-reverses-decision-chooses-to-again-seek-quality-over-mar/#commentsFiled under: , ,

It was back in 2002 when Fujio Cho, then-President of Toyota Motor Corp., set the company's goal of achieving a 15 percent share of the global automotive market sometime after 2010. Seven years ago, it didn't seem much of a stretch as the automaker had already captured 10.7 percent, and the seemingly-unstoppable company was rapidly growing.

While the Japanese automaker's train hasn't completely derailed, the self-imposed deadline looms and Toyota is reeling through a global slump that has served the company its first loss in decades. With market share taking a back seat to survival, current Toyota President Akio Toyoda (right) has dumped Cho's goal in favor of a back-to-basics focus on quality. And, nobody needs to point out that the automaker's latest forecast represents a production decline of nearly one million units compared to last year. An anonymous company executive summed the new president's directive up in just seven words: "Our president doesn't like figures or documents."

[Source: Automotive News - Sub. Req.]

Toyota reverses decision, chooses to again seek quality over market share originally appeared on Autoblog on Tue, 11 Aug 2009 17:33:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Akio ToyodaAkioToyodaFujio ChoFujioChoMarket ShareMarketShareProfitQualitySalesSlumpToyotaTue, 11 Aug 2009 17:33:00 EST http://www.autoblog.com/feed/19125286/article-comments.xml http://www.autoblog.com/feed/2009/08/11/toyota-reverses-decision-chooses-to-again-seek-quality-over-mar/19125286/article-detail.xml 19125286 http://www.blogcdn.com/www.autoblog.com/media/2009/08/akio-toyoda-250_thumbnail.jpg http://www.blogcdn.com/www.autoblog.com/media/2009/08/akio-toyoda-250.jpg <![CDATA[Toyota exec calls Hyundai "strong enemy"]]>http://www.autoblog.com/2007/11/21/toyota-exec-calls-hyundai-strong-enemy/http://www.autoblog.com/2007/11/21/toyota-exec-calls-hyundai-strong-enemy/http://www.autoblog.com/2007/11/21/toyota-exec-calls-hyundai-strong-enemy/#commentsFiled under: ,

You know you've arrived when your competitors not only begin acknowledging that you exist, but actually see you as a threat. Hyundai got to enjoy this distinct pleasure today when Toyota's chairman Fujio Cho told a group of Korean journalists that it was a "strong enemy". Not only has Hyundai completely transformed its image in North America from a slinger of bargain basement econo-boxes to a respected purveyor of reasonably priced, well built automobiles, but it's also going after emerging markets like China, Africa and the Middle East as hard as anyone else. Plus, Toyota has directly felt the sting of Hyundai's success, having been forced to rub elbows with the brand at the top of many recent J.D. Power and Associates reports. Still, calling Hyundai a 'strong enemy' is a bit harsh, no? How about "worthy adversary" or "respected competitor"? Toyota really drives home the point that the business of selling cars is like war and that no 'enemy' should be underestimated.

Thanks for the tip, catgirlshyla!

[Source: TradingMarkets.com]

Toyota exec calls Hyundai "strong enemy" originally appeared on Autoblog on Wed, 21 Nov 2007 16:02:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>fujio choFujioChohyundaihyundai enemyHyundaiEnemytoyotatoyota hyundaitoyota hyundai enemyToyotaHyundaiToyotaHyundaiEnemyWed, 21 Nov 2007 16:02:00 EST http://www.autoblog.com/feed/1045669/article-comments.xml http://www.autoblog.com/feed/2007/11/21/toyota-exec-calls-hyundai-strong-enemy/1045669/article-detail.xml 1045669 http://www.blogcdn.com/www.autoblog.com/media/2007/11/windowslivewriterci_opt_thumbnail.jpg http://www.blogcdn.com/www.autoblog.com/media/2007/11/windowslivewriterci_opt.jpg <![CDATA[Alan Mulally wants more tech sharing with Toyota]]>http://www.autoblog.com/2007/02/28/alan-mulally-wants-more-tech-sharing-with-toyota/http://www.autoblog.com/2007/02/28/alan-mulally-wants-more-tech-sharing-with-toyota/http://www.autoblog.com/2007/02/28/alan-mulally-wants-more-tech-sharing-with-toyota/#commentsFiled under: , ,

Ford President and CEO Alan Mullaly was in Japan again, this time speaking to the media. During his time abroad, he talked about the desire to partner with Toyota even more closely on the development of new technologies. Ford has been licensing Toyota hybrid technology patents for years, currently employed in the Escape and Mariner hybrids.

The costs involved in developing these alternative technologies is huge. Ford, thusly, is doing the prudent thing, seeking a partner for this expenditure. And Toyota is definitely a company to reckon with on the subject. Future projects would likely include additional hybrids and fuel cells, which have, to this point, been out of the picture. We reported about Mullaly meeting with Toyota Chairman Fujio Cho as soon as he landed the top job in Dearborn back in December 2006. So that's why he was in Japan, duh!

Mulally also made it clear that snuggling up to Toyota shouldn't be taken as a statement about their relationship with Mazda. It had been rumored that Ford might sell its share of Mazda to raise some cash, but Mulally confirmed that Ford is committed to its role as the top shareholder of Mazda, as announced last month.

[Source: TheAutoChannel via AutoblogGreen]

Alan Mulally wants more tech sharing with Toyota originally appeared on Autoblog on Wed, 28 Feb 2007 16:34:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Alan MulallyAlanMulallyautobloggreenFujio ChoFujioChoWed, 28 Feb 2007 16:34:00 EST http://www.autoblog.com/feed/842293/article-comments.xml http://www.autoblog.com/feed/2007/02/28/alan-mulally-wants-more-tech-sharing-with-toyota/842293/article-detail.xml 842293 http://www.blogcdn.com/www.autoblog.com/media/2007/02/a_mulally_07naias_06_thumbnail.jpg http://www.blogcdn.com/www.autoblog.com/media/2007/02/a_mulally_07naias_06.jpg -1 2