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New Toyota CEO takes 30% pay cut, sees no recovery for two years
Akio Toyoda, the new President of Toyota and grandson of company founder Kiichiro Toyoda, is predicting another two years of tough times for the auto industry. In order to stay afloat, the Japanese automaker, under the direction of Toyoda, will build more autonomous operations in North America and concentrate on a more region-specific lineup to help the company pull through the recession. While the company will be steered "back to basics," the changes will not involve plant closures – Toyota wants to make sure it retains capacity for when ... Read more →
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New Toyota CEO takes 30% pay cut, sees no recovery for two years 6 months ago on Autoblog
Akio Toyoda, the new President of Toyota and grandson of company founder Kiichiro Toyoda, is predicting another two years of tough times for the auto industry. In order to stay afloat, the Japanese automaker, under the direction of Toyoda, will build more autonomous operations in North America and ...
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