Halfway down a press release announcing that Shigeki Terashi was named president and COO of Toyota Motor North America, Inc. (TMA) was this: Jim Lentz is named CEO of Toyota Motor Sales, effective April 1. Lentz is the first American to take that position in the company.
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 customers as a priority and we guarantee their safety."
Honda and Toyota may not be joining their colleagues at Nissan, Mitsubishi and Suzuki in canceling their participation in this year's Detroit Auto Show, but they still won't be laying on the glitz and glamor that have become the mainstay of past events.