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Akio Toyoda

July 5, 2013

The third-gen president of Toyota has undergone an image makeover to give the Japanese car brand a much-needed injection of cool.

The third-gen president of Toyota has undergone an image makeover to give the Japanese car brand a much-needed injection of cool.

Toyota – famed for the dependability of its cars rather than the sex appeal of its brand – suffered a major blow to its main selling point when a series of manufacturing errors in 2009 led to the recall of millions of cars.

November 5, 2010

Toyota Motor Corporation, the family-controlled automaker, announced 5 November it has raised its full year forecast based on strong first half results.

Toyota Motor Corporation, the family-controlled automaker, announced 5 November it has raised its full year forecast based on strong first half results.

The Japan-based company recorded revenues of 9,678 billion yen (€84 billion) for the six months ending 30 September, an increase of 15% on the same period last year, and operating income of 289 billion yen.

August 11, 2010

Six months ago Toyota chairman Akio Toyoda looked like he would have to do the corporate equivalent of hari kari, writes Marc Smith.

Six months ago Toyota chairman Akio Toyoda looked like he would have to do the corporate equivalent of hari kari, writes Marc Smith. 

The car company he leads was reeling after a series of scandals, including a range of lawsuits filed following the global recall of more than 8.5 million vehicles in the last 12 months. Toyota had also posted its first financial loss in 59 years on his watch.

July 6, 2010

Toyota Motor Corp, the family-controlled automaker, announced further recalls on Friday in its already troubled US market just two months after Toyota's president said he could see "clear skies in the distance".

Toyota Motor Corp, the family-controlled automaker, announced further recalls on Friday in its already troubled US market just two months after Toyota's president said he could see "clear skies in the distance".

May 11, 2010

Toyota Motor Corporation, the family-controlled automaker, announced this morning it has returned to profit in the first quarter of 2010 despite the problems it is facing due to an ongoing recalls crisis.

Toyota Motor Corporation, the family-controlled automaker, announced this morning it has returned to profit in the first quarter of 2010 despite the problems it is facing due to an ongoing recalls crisis.
 
In a statement released today, Toyota said quarterly revenues had increased to 5.28 trillion yen from 3.54 trillion for the same figure in 2009. The company also highlighted other positives including saving 520 billion yen through cost reduction and 470 billion yen from reducing fixed costs.
 

April 30, 2010

The first family head of the company in 14 years has a big job on his hands reports Katie Barker.

The first family head of the company in 14 years has a big job on his hands reports Katie Barker.

When third-generation Akio Toyoda took the helm at the world's largest automaker in June 2009, he knew he was in for a tough ride. The world was in the grips of recession, the car industry was on its knees and Toyota had just posted its first annual loss in 59 years. It hasn't got any easier.

April 20, 2010

Toyota Motor Corporation, the family-controlled automaker, announced yesterday it would pay the $16.4 million fine imposed on the company by the US Department of Transport.

Toyota Motor Corporation, the family-controlled automaker, announced yesterday it would pay the $16.4 million fine imposed on the company by the US Department of Transport. 

Toyota said it had taken the decision "in order to avoid a protracted dispute and possible litigation, as well as to allow us to move forward fully-focused on the steps to strengthen our quality assurance operations."

April 6, 2010

The US Department of Transport has announced that it plans to fine Toyota Motor Corporation $16.4 million after the family-controlled automaker failed to notify US transport regulators about defects that allegedly cause unintended acceleration.

The US Department of Transport has announced that it plans to fine Toyota Motor Corporation $16.4 million after the family-controlled automaker failed to notify US transport regulators about defects that allegedly cause unintended acceleration.
 

March 3, 2010

When third-generation Akio Toyoda took the helm at the world’s largest automaker in June 2009, he knew he was in for a tough ride. The world was in the grips of a crippling recession, the car industry was on its knees and Toyota had just posted its first annual loss in 59 years.

When third-generation Akio Toyoda took the helm at the world's largest automaker in June 2009, he knew he was in for a tough ride. The world was in the grips of a crippling recession, the car industry was on its knees and Toyota had just posted its first annual loss in 59 years.

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