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Toyoda family

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.
 

February 15, 2010

Toyota Motor Corp, the family-controlled automaker, announced further recalls on Friday in addition to the 8 million already in progress.

Toyota Motor Corp, the family-controlled automaker, announced further recalls on Friday in addition to the 8 million already in progress.
 
The latest move will see 8,000 pickup trucks recalled over possible cracks in the drive shaft component. The part is not made by Toyota but supplied by Dana Holdings Corp, who also supply the same part to Ford Motor Co and Nissan Motor Co. Neither Ford or Nissan are recalling vehicles.
 

February 9, 2010

Akio Toyoda, the fourth-generation head of the family controlled automaker Toyota, apologised to customers yesterday for further recalls across its flagship hybrid range.

Akio Toyoda, the fourth-generation head of the family controlled automaker Toyota, apologised to customers yesterday for further recalls across its flagship hybrid range.
 
At a press conference in Tokyo the company announced a recall of 437,000 hybrid cars worldwide to fix a brake defect. This is in addition to the 8 million cars that have already been recalled since November.  
 

February 4, 2010

Toyota Motor Corporation, the family-controlled carmaker, today said it hopes to return to profit this year despite the heavy losses it is currently suffering due to the recalls of many of its models.

Toyota Motor Corporation, the family-controlled carmaker, today said it hopes to return to profit this year despite the heavy losses it is currently suffering due to the recalls of many of its models.
 
The Tokyo-based business said it hoped to make a net profit of $880 million for the 2010 financial year, an increase on the forecast from November 2009 which predicted another loss for the family-controlled company.
 

July 1, 2009

Despite its new family president taking a pay cut, Toyota had its credit ratings cut today by Fitch Ratings as weak car demand, especially in the American markets, continues to impact earnings.

Despite its new family president taking a pay cut, Toyota had its credit ratings cut today by Fitch Ratings as weak car demand, especially in the American markets, continues to impact earnings.

June 23, 2009

Akio Toyoda, great-grandson of Toyota dynasty founder Sakichi Toyoda, began his new job as Toyota president today.

Akio Toyoda, great-grandson of Toyota dynasty founder Sakichi Toyoda, began his new job as Toyota president today.

The 53-year-old begins amid extremely difficult trading times for the automobile industry. The beginning of the month saw one of Toyota's biggest rivals for the title of world's largest carmaker, General Motors, file for bankruptcy. Toyoda also starts with words of warning from his predecessor still ringing in his ears.

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