During his third press conference last week, Toyota’s CEO Akio Toyoda said that he will not appear before U.S. lawmakers at hearings scheduled for later this month. Toyoda said he wasn’t planning on attending but would consider appearing before Congress if he was invited. Well, a congressional committee sent out an invitation to Toyoda today [...]
In his third press conference in two weeks about Toyota’s massive recall, CEO Akio Toyoda said that he will employ new quality control officers, conduct testing and will consult an independent research agency to fix the company’s vehicle issues. “Toyota is not perfect. But when we find a problem or are made aware of it, [...]
‘No-show Akio’ – that was the nickname given to Toyota’s CEO when he failed to make a public apology at the beginning of Toyota’s recent recall issues. A day after that nickname made it big in the media, Akio Toyoda quickly scheduled a last minute press conference apologizing to customers. Toyoda is even said to be [...]
When Toyota’s recall troubles started, President and CEO Akio Toyoda was widely criticized for not publicly addressing problems in a timely manner. Since than, Toyoda has held a press conference apologizing to Toyota customers and is now planning to visit the United States to meet with dealers, employees, suppliers and customers to get a better [...]
In a move preemptive to Wednesday”s Congressional hearings, ToMoCo”s president, Akio Toyoda, has laid out a detailed plan to restore quality and consumer trust to the Toyota family of vehicles. Toyoda has come under fire as of late for his conspicuous silence regarding the recalls, but the grandson of the company”s founder has claimed personal [...]
Toyota’s CEO, Akio Toyoda, has finally come out of hiding and apologize at a new conference held Friday night in Japan. Toyoda, the grandson of Toyota’s founder, apologized for the recall of more than 9 million vehicles worldwide and also promised that Toyota will announce steps to address brake problems on the 2010 Prius hybrid. This [...]
Toyota is well-known to be a family affair, still controlled by members of the founding family; Akio Toyoda sits as president while his father, Dr, Shoichiro Toyoda serves as honorary chairman and remains deeply involved in operations. Such being the case, one would have expected to see and hear from at least one of the [...]
In his first public comment on the massive recall surrounding Toyota, President and CEO Akio Toyoda apologized to his customers for causing them so much worry. “I am deeply sorry,” said Toyoda in a brief interview with the Japanese network NHK. Toyoda was seen leaving the interview in a black Audi. “Truly we think of [...]
Toyota’s President Akio Toyoda said that the No.1 Japanese automaker is “grasping for salvation” as it struggles to return profit. Toyota was targeting annual sales of 10 million vehicles and now expects sales of 7.3 million this year, down from 8.97 million in 2008. Toyoda said that Toyota is on the brink of “capitulation to irrelevance [...]
During Akio Toyoda’s first major address to the American audience, the new president and CEO of Toyota Motor Corp. didn’t start off his press conference by talking about how well the 2010 Prius was selling or about how Toyota lost $4.3 billion last year and will work harder this year. Instead, 53-year old Toyoda, who [...]
