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Toyota Unveils New Business Plan
Keywords:
Tags: Automobiles, Japan,
Toyota is reducing senior management positions to 60 from 77. The board of directors will also be smaller, with 11 members instead of the current 27 members. It was felt that the large board did not enable discussion of important issues and slowed down decisionmaking. This is part of the new Business Plan and the new global vision for Toyota. The thrust is on sales in emerging markets which Toyota will target for increasing sales to 50% of the total sales by 2015, up from 40% currently. Sales in developed markets are set to decline to 50% of the total sales by 2015, down from 60% currently. The other push is in the hybrid sales area. Toyota will roll out 10 more hybrid vehicles by 2015, in addition to all electric cars, plug-in hybrids. Toyota will continue to have an all-Japanese board, and will use a committee of outside advisors to stay abreast of opinion in other countries. Akio Toyoda announced these plans recently and did this by himself, as he puts his own ideas to work for setting Toyota's direction.
Management failure at Toyota in addressing quality and safety issues- the Recall period 2009-2011
01/29/2010
Toyota's own documents reveal that managers touted the $100 million savings in limiting the degree to which Toyota would address the quality and safety issues raised by unintended acceleration and failure in braking. Toyota had hired former National Highway Traffic and Safety officials and was able to limit what it had to do to address the problem. In the end the problems would cost billions of dollars in a massive recall effort and dent its image.
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Toyoda Rues Excessive Profit Focus
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Inside Toyota, Executives Trade Blame Over Debacle
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Toyota Nears $1 Billion Deal to End Probe
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Toyota to Resume Plant Building After Three-Year Hiatus
Wall Street Journal 04/04/2015
Toyota’s Top Executive Under Rising Pressure
New York Times 02/06/2010
Akio Toyoda - Toyota's plan to repair its public image
Washington Post 02/09/2010
Toyota Management
05/09/2006
Management at Toyota. The Board of Directors and its memebers. outlook of the Board
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The 40-Year Club: America's Longest-Serving Directors
Wall Street Journal 07/16/2013
Toyota Overhauls Its R&D Efforts
Wall Street Journal 04/10/2012
Toyota Opts to Diversify Senior Posts
Wall Street Journal 03/05/2015
Toyota Taps U.S. Sales Executives To Head North American Business
Wall Street Journal 05/09/2006
In Chinese Market, Toyota's Strategy Is Made in U.S.A.
Wall Street Journal 05/26/2006
Toyota Names First Foreigner to Board
Wall Street Journal 04/12/2007
Toyota crisis and changes in direction for Japanese economy in 2010.
02/09/2010
Experts in Japan ponder the future direction of Japan's economy, possibly into a US style service industry dominated economy away from the mass manufacturing of the postwar era.
Grouped Articles
In Toyota Mess, Lesson for Japan
New York Times 02/09/2010
Japanâs Prime Minister Warns That Debt Could Bring a Crisis Like That of Greece
New York Times 06/11/2010
Electric Cars Make Japan's Gas Engine Industry Anxious
New York Times 11/02/2010
Toyota's Domestic Plant Problem
Wall Street Journal 02/09/2011
Shaking up Japan: Bold, or plain reckless?
Economist 02/05/2011
Toyota Unveils New Business Plan
Wall Street Journal 03/09/2011
Toyota's strategies in the hybrid, electric, and high fuel efficiency automobile market.
05/18/2005
Toyota's strategy is to license its technology for hybrids, and it has meticulouslp filed patents for moore than 2000 components in the Prius hybrid.
Grouped Articles
Toyota Debuts New Compact Hybrid Aqua
Wall Street Journal 12/27/2011
Toyota Bets on Upgraded Prius to Bolster Global Sales
Wall Street Journal 01/13/2009
With Gas Prices Less of a Worry, Buyers Pass Hybrid Cars By
New York Times 05/14/2015
Buy a Hybrid, and Save a Guzzler
New York Times 02/08/2006
Toyota Says It Plans Eventually to Offer an All-Hybrid Fleet
New York Times 09/14/2005
At Frankfurt Auto Show, a Reluctant Embrace of Hybrids
New York Times 09/15/2005
Toyota in electric car development.
10/23/2007
Toyota's efforts in electric car development.
Grouped Articles
G.M.’s Electric Dream Awaits Reality
New York Times 10/24/2007
Toyota's Cautious Green Strategy
Wall Street Journal 10/23/2007
Race to Make Electric Cars Stalled by Battery Problems
Wall Street Journal 01/11/2008
Race to Make Electric Cars Stalled by Battery Problems
Wall Street Journal 01/11/2008
BusinessWeek 01/10/2008
Wall Street Journal 08/06/2009
Toyota India
05/12/2005
Toyota's Indian operations.
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For Toyota, a New Small Truck Carries Hopes for Topping GM
Wall Street Journal 05/12/2005
Suzuki's Stylish Compacts Captivate India's Women
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Wall Street Journal 06/21/2007
As Japan and India Forge Economic Ties, a Counterweight to China Is Seen
New York Times 08/21/2007
Wall Street Journal 12/13/2007
For Toyota, India Offers New Frontier
Wall Street Journal 01/11/2008
Finding the right model for Corporate Boards of Directors to ensure good governance.
01/08/2009
Grouped Articles
New York Times 05/11/2013
Wall Street Journal 08/28/2011
The 40-Year Club: America's Longest-Serving Directors
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Wall Street Journal 09/10/2013
Microsoft Board Shows Little Taste for Bold Choice in CEO
Wall Street Journal 09/02/2013
Spotlight on India's Corporate Governance
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Toyota in 2011
12/27/2010
Grouped Articles
Wall Street Journal 12/27/2010
Toyota Unveils New Business Plan
Wall Street Journal 03/09/2011
Wall Street Journal 04/23/2011
Too Big in Japan, Toyota Struggles
Wall Street Journal 05/12/2011
Toyota Plans New Sales Incentives
Wall Street Journal 05/12/2011
Wall Street Journal 06/22/2011
Toyota under Akio Toyoda, Shoichiro Toyoda's son, and grandson of the founder Kiichiro Toyoda.
05/12/2005
Akio Toyoda becomes CEO of Toyota in 2009, with the support of Shoichiro Toyoda, his father. He spent some years in the American operations, has overseas experience, and got his MBA from Babson College in Massachusetts. Because of tis he brings an outward looking approach to Toyota. By August 2009 about 40% of the senior management hat Toyota had retired or moved to new positions. Toyota suffered a loss of $819 million in the 2nd quarter 2009 with net sales revenue down sharply by 38% over prior year's same quarter. In the last years of the previous CEO Watanabe, Shoichiro had expressed concerns about the complacency at the company. See the links to this including Shoichiro's concern for higher costs, lower quality, and complacency in management.
Grouped Articles
Eiji Toyoda, Japan Auto Industry Visionary, Dies At 100
Wall Street Journal 09/17/2013
Eiji Toyoda, Promoter of the Toyota Way and Engineer of Its Growth, Dies at 100
New York Times 09/17/2013
In Rapid Turnaround, Toyota Is on Track to Post Record Earnings
New York Times 02/04/2014
Toyota Offers Tepid Outlook After Big Gains
Wall Street Journal 05/09/2014
For Toyota, a New Small Truck Carries Hopes for Topping GM
Wall Street Journal 05/12/2005
Toyota's Jim Press Discusses the Future
BusinessWeek 05/17/2006
Toyota's Board of Directors, size, insularity and the cultural context
03/08/2011
Plans to change the board to have fewer directors- closer to 12 compared to 27 today- so that discussions can be carried on at the highest level and lead to speedy decisions. A similar change was made at Honda Motor.
Grouped Articles
The 40-Year Club: America's Longest-Serving Directors
Wall Street Journal 07/16/2013
Toyota Director Aims to Speed Up Decision Making
Wall Street Journal 07/23/2013
Microsoft Board Shows Little Taste for Bold Choice in CEO
Wall Street Journal 09/02/2013
Toyota Moves to Downsize Its Board
Wall Street Journal 03/08/2011
Toyota Unveils New Business Plan
Wall Street Journal 03/09/2011
Corporate Boards Should Add Diversity to the Mix
New York Times 03/09/2011
Toyota hybrid vehicles.
12/17/2009
Grouped Articles
Toyota Debuts New Compact Hybrid Aqua
Wall Street Journal 12/27/2011
With Gas Prices Less of a Worry, Buyers Pass Hybrid Cars By
New York Times 05/14/2015
Detroit News 12/26/2009
Honda's Prius-Fighter Is Stuck in First
BusinessWeek 12/17/2009
Toyota to roll out afamily of Prius models.
Detroit News 01/12/2010
New York Times 01/12/2010
Toyota China
05/12/2005
Toyota in the Chinese auto market.
Grouped Articles
Auto Sales Keep Humming in China
Wall Street Journal 05/09/2013
Unrest May Signal New Phase in China Economy
New York Times 05/29/2010
Toyota Revs Up Ambitious Plans for China
Wall Street Journal 04/21/2014
Wall Street Journal 04/25/2014
Toyota, Nissan Post Slower China Sales Growth
Wall Street Journal 06/05/2014
Japan Car Makers Skid in China
Wall Street Journal 11/04/2014
Corporate Boards of Directors and effective governance
01/09/2009
Grouped Articles
New York Times 05/11/2013
Wall Street Journal 08/28/2011
The 40-Year Club: America's Longest-Serving Directors
Wall Street Journal 07/16/2013
Wall Street Journal 09/10/2013
Wall Street Journal 01/09/2009
Founder Arrested, Board Out at Satyam
Wall Street Journal 01/10/2009
GM (General Motors) Management -pre-2010
03/04/2008
General Motors Management. Questions raised in the media. Is it too homogenous, too think alike. Are there different opinions and perspectives and ideas exisitng in middle and upper management and is diversity of opinion respected? Is the Board of Directors also too homogenous and think alike? And does it also bring different perspectives? Is there young blood in management and in the Board or is it like a place with tenure.
Grouped Articles
The 40-Year Club: America's Longest-Serving Directors
Wall Street Journal 07/16/2013
GM Fires Workers Over India Recall
Wall Street Journal 07/26/2013
G.M. Dismisses Executives as India Begins Investigating Recall of Vehicles
New York Times 07/26/2013
GM Shifts Executives Amid International Push
Wall Street Journal 08/02/2013
General Motors Names Mary Barra as CEO
Wall Street Journal 12/11/2013
BusinessWeek 06/01/2009
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