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 to America and saw for himself.
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 profit between January and March of this year of $1.2 billion.
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 safety issues affecting its North American operations. Besides working closely with the Nort
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.
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 operations in North America, will appear on
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 had reached the point where continued sound bite apologies (here's Jonny Lieberman
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 say that "we think of our custom
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.
In an effort to slow the crash, Toyota Motor Corp. is undertaking a massive overhaul and management reorganization next month when Akio Toyoda takes over as president. Toyoda, the grandson of Toyota's founder, will be officially appointed on June 23 at the annual shareholder's meeting. With the new president in place, the Financial Times is reporting that the company will replace 40% of its senior managers and bring back Yoshimi Inaba, a former senior executive, to lead U.S. operations.
The Toyoda family has felt the pinch of the global automotive crash in the worst possible place: their wallets. Toyota share prices have plummeted by a very substantial 46% in the past nine months, costing the Toyoda family hundreds of millions of dollars. Soon-to-be company president Akio Toyoda's 4.6 million Toyota shares has dropped $145 million; a fantastic decline, but less than half of his father's loss. Former company president and honorary chairman Shoichiro Toyoda has lost $304 million
Akio Toyoda is the grandson of Toyota founder Kiichiro Toyoda. He is also the current executive vice president in charge of domestic market Toyota sales. He also piloted a rally class Celica up the hill at Goodwood and a Team Gazoo Toyota Altezza (Lexus IS300) in the Nürburgring 24 Hours. Although he couldn't quite match Aston Martin's Dr. Bez for top executive racer at the 'Ring, he takes his racing just as seriously. And why should we care about some Toyota exec who likes to race on weeke
