When does a mid-size sedan become a top-notch competitor to the Toyota Camry? The answer is apparently whenever said competitor begins stealing market share from America's top-selling sedan.
It would seem that once was enough for Toyota North America President Yoshimi Inaba. Just weeks after the top Toyota executive went before a congressional hearing in the United States, The Globe and Mail is reporting that Inaba has turned down a similar invitation to appear before the Canadian government. The topic of conversation? Why, the massive Toyota recall efforts and safety, of course.
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 2007 – "indicate Toyota deliberately withheld records that it was legally required to produce in response to discovery orders in litigation."
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., allegedly did such bragging back on July 6, 2010, but the topic was "Wins for Toyota" and the subject was safety.
Don't hold your breath for an electric Scion iQ anytime soon. Toyota executives are certainly good at sticking to the company line. Toyota officials have repeatedly downplayed the potential for pure battery electric vehicles and Yoshimi Inaba is no exception. Inaba-san is the newly-minted President and COO of Toyota Motor North America and Chairman and CEO of Toyota Motor Sales USA. Three weeks after taking over the top spot at Toyota in North America, Inaba-san came to Detroit to speak with a g
Three weeks into his new assignment as president and chief operating officer of Toyota North America, Yoshimi Inaba came to Detroit to talk about the state of the business. This is Inaba-san's third stint working for Toyota in North America after returning to Japan in 2003. This spring the senior management in Japan asked Inaba-san to return to North America and help turn the suddenly ailing giant around.
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.
Toyota was in the midst of record-breaking sales back in 2007 when Yoshimi Inaba, then president of North American sales, left the company to take a new role at Central Japan International Airport Co. in Nagoya, Japan. Since then, despite taking the crown as world's largest automaker from General Motors, Toyota has hit a rough patch in the wake of the global economic downturn and has experienced massive sales declines and its first yearly operating loss in over 70 years. It's all very un-Toyota-