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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.

February 24, 2010

Akio Toyoda, the beleaguered fourth-generation head of Toyota, admitted that rapid expansion at the family company caused it to put growth ahead of safety and quality, resulting in the current recall crisis.

Akio Toyoda, the beleaguered fourth-generation head of Toyota, admitted that rapid expansion at the family company caused it to put growth ahead of safety and quality, resulting in the current recall crisis.

February 18, 2010

Akio Toyoda, the fourth-generation family head of motor giant Toyota, addressed customers and the press again yesterday in a further attempt to save the company’s reputation.

Akio Toyoda, the fourth-generation family head of motor giant Toyota, addressed customers and the press again yesterday in a further attempt to save the company's reputation.
 
He outlined the company's strategy to deal with the safety concerns and recalls that have so damaged the reputation of the family-controlled business. "Since autumn, we at Toyota have worked hard to address each of a number of quality issues," he said.
 

September 1, 2003

The dilemma of accepting, as an in-law, an opportunity proffered within a family business can be a difficult one. Make sure you know exactly why it’s being offered before accepting the ‘challenge’

David Gottlieb joined his brothers-in-law and father-in-law in a Chicago-based family real estate business in 1996. In 1999, he and his in-laws founded Full Circle Communities, Inc, a philanthropic nonprofit devoted to the preservation and management of affordable housing, of which he is executive director.

The dilemma of accepting, as an in-law, an opportunity proffered within a family business can be a difficult one. Make sure you know exactly why it's being offered before accepting the 'challenge'

September 1, 2003

Problems in family businesses can be multi-layered and can become increasingly complex if the correct questions are not addressed to ascertain the root of the problem

Jane Hilburt-Davis is founding principal of Key Resources in Boston, MA, a consulting firm that specialises in family-owned and closely-held businesses. Her expertise is in the areas of family systems, conflict management and professionalising the family firm.

W Gibb Dyer, Jr is the O Leslie Stone Professor in the Marriott School of Management at Brigham Young University. His expertise is in the areas of family business, entrepreneurship and organisational change.

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