Most company’s President and CEO meet at the golf course to discuss business or get acquainted with each other – well, things are done a little different in the automotive industry. Aston Martin’s CEO Dr. Ulrich Bez and Toyota’s President and CEO Akio Toyoda recently met up at the famous Nurburgring track to test drive [...]
Happy New Year’s Eve to all our readers. While you’ve been seeing many top 10 lists all over the Internet as we say farewell to 2010 one of the lists you’re most likely to come across on automotive sites are the Top 10 Cars of 2010…well, not here (we’ll do one too, don’t worry). We [...]
Lotus today celebrated its relationship with Toyota at a celebration at the British Embassy in Tokyo where Lotus CEO Dany Bahar gifted Toyota Motor Corp’s President and CEO Akio Toyoda with a specially equipped Lotus Elise powered by the latest Toyota 2ZZ-GE VVTL-iengine. “The occasion marked the end of an era and the start of [...]
FoMoCo chief Alan Mulally makes more than Toyota’s Akio Toyoda, Nissan’s Carlos Ghosn, and Honda’s Takanobu Ito – combined. The three Japanese heads earned 100 million yen ($1.1 million), 891 million yen, and 115 million yen, respectively. Mulally earned $17.9 million in 2009. Bear in mind that FoMoCo’s salaries are not subject to the same [...]
In an address to shareholders this morning, Toyota CEO Akio Toyoda bowed deeply and apologized for the troubles caused by the recent global recalls of the company”s vehicles. He also gave shareholders his assurance that the company was doing everything it can to improve quality control. “I apologize deeply for the concerns we have caused,” [...]
Forget for a second that Toyota’s President and CEO Akio Toyoda is a media shy executive who doesn’t really come out of his cocoon to answer questions about the company’s massive recall woes. Before taking up the high ranks at the company founded by his grandfather, Toyoda had a lot of training and mentoring under [...]
ToMoCo President Akio Toyoda has said that scrutiny from inside and outside of the company has been a “˜good lesson”, and expects his company to emerge stronger than ever. “There is a Japanese proverb: After the rain, the ground hardens,” Toyoda said in an interview yesterday. “I am very confident we will look back and [...]
Toyota’s President and CEO, Akio Toyoda, said that he traces the automaker’s quality and financial woes to 2003, when the company began its ambitious global expansion. He said that winning over new customers in the wake of the company’s recall crisis will be a huge challenge. Speaking to Automotive News over the weekend, the publicity-shy [...]
During his visit to Toyota Motor Corp. world headquarters today, U.S. Transport Secretary Ray LaHood said he was encouraged by the steps the company has put in place to improve vehicle safety; however, he said that he will only be fully convinced when its cars actually become safer. “I believe that they have put in [...]
Toyota announced today that its CEO Akio Toyoda will hold a joint briefing with U.S. Transport Secretary Ray LaHood at the company’s headquarters in Toyota City. The briefing will be held on Monday after LaHood’s visit to Toyota. Toyota said that Toyoda and LaHood will take questions from reporters for 25 minutes. We’ll have more [...]
