akio toyoda

It might seem redundant to call a racing series that bills itself as the pinnacle of motorsports "elitist" but that's precisely what Toyota's Senior Managing Director for motorsports, Tadashi Yamashina, said during this weekend's 24 Hours of Nurburgring. Toyota withdrew from Formula one at the ...

Akio Toyoda, still working the shovel to extricate Toyota from the hole it's dug, invited U.S. Transportation Secretary Ray LaHood for a factory visit. When he returned, LaHood said that the Toyota CEO didn't realize how much damage the company's reputation was taking until Toyoda actually came ...

Conventional wisdom might tell you that Toyota should have lost loads of money last quarter in the wake of the company's largest-ever global recall and safety scandal. Perhaps it shouldn't surprise us too much to hear that conventional wisdom would be all wrong. In reality, Toyota reported a ...

Toyota CEO Akio Toyoda has his hands full. In addition to the day-to-day rigors of running the largest automaker in the world, Toyoda is busy combating the negative press and apologizing profusely for the massive amount of ...

An independent advisory panel has been formed to help Toyota get a handle on its quality issues. With all of the current headlines relating to Toyota recalls and defects, the independent North American Quality Advisory Panel has been convened to study and give the automaker advice on quality and ...

And the saga continues. According to House Oversight and Government Reform Committee Chairman Ed Towns (D-N.Y.), documents obtained by the committee under subpoena from Dimitrios Biller – managing counsel in the product liability group of Toyota Motor Sales USA from April 2003 to September ...

The second day of Congressional hearings on the "Response by Toyota and NHTSA to Incidents of Sudden Unintended Acceleration" has been underway since 11 am this morning, with an animated NHTSA Secretary Ray LaHood juking and jiving around Congress' questions. But the big showing today is Toyota ...

The Congressional hearings entitled "Response by Toyota and NHTSA to Incidents of Sudden Unintended Acceleration" may have started today, but the actual response by Toyoda – that's Akio Toyoda with a "D," head of the Japanese automaker – will come tomorrow. If you plan on tuning in ...

If you saved your company $1 million, you'd brag about it, right? How about $100 million? Certainly you'd be looking for a few pats on the back for such a massive sum of loot. A report in The Detroit Free Press reveals that Yoshimi Inaba, chairman and CEO of Toyota Motors Sales in the U.S., ...

Just yesterday, Toyota Motor Company's president Akio Toyoda (yep, the grandson of the company's founder) indicated that he had no intention of attending a February 24 Congressional hearing before the House Oversight Committee. Instead, Toyoda said that Yoshimi Inaba, president of Toyota's ...

In a press conference on Wednesday in Tokyo, Toyota Motor Company's president Akio Toyoda (grandson of the company's founder) revealed new details of his plan to reform the automaker's quality standards. Toyota has been beset by a trio of high-profile recalls, two of which involve unintended ...

Oh, what a terrible feeling it must have been when Toyota's president, Akio Toyoda, had to sit down and write out this here mea culpa, mia maxima culpa for today's Washington Post. As the bad news continues to fall upon Toyota's bruised crown, we imagine that Mr. Toyoda realized that his company ...

Fifteen days after Toyota announced a recall of 2.3 million vehicles in the U.S. for sticking accelerator pedals, the company's president and grandson of its founder made a formal apology at an evening news conference in Japan on Friday night (early morning EST). Akio Toyoda has been largely ...

After a long spell as the apple of the media's eye, Toyota is now officially in the bad news barrel. So far the Japanese automaker has announced the recall of 5.3 million vehicles for floor mat issues that may lead to unintended acceleration and a separate recall of 2.3 million vehicles for ...

Toyota's President and CEO, Akio Toyoda, made his first public comment about the the Toyota recall during an interview with NHK today, in which he publicly apologized to the company's customers. "I am deeply sorry," the grandson of the automaker's founder told the Japanese network, going on to ...

The buck's got to stop somewhere. Toyota has been pouring in hundreds of millions of dollars into its Formula One racing program for seven years now and has little to show for it. Now after both Honda and BMW have mothballed their F1 teams, Toyota has confirmed longstanding speculation by doing ...

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 ...

There's a new sheriff in town at Toyota, and he's wasting no time in making his presence felt at the World's Largest Automaker. Fortunately, that finally means a return to building fun-to-drive cars after years of offering virtually ...

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 ...

During the reign of company President Katsuaki Watanabe, Toyota became the number one automaker in the world, along with amassing $52 billion in cash and marketable securities. That sounds like one of the most amazing runs in the history of the automotive industry, but it's more than a little ...