World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
Grandson of Toyota Founder Will Lead
Keywords:
Tags:
With Toyota facing amajor crisis the company speeded up the appointment of the new CEO, the grandson of Kiichiro Toyoda, who founded the automaker as it diversified from its textile automated looms in the prewar years. Note the statement by Koji Endo, analyst of Credit Suisse in Tokyo, that he expects Toyota to lose up to three times the 1.7 billion loss of the current fiscal year ending March 31, in the next fiscal year of 2009. This suggests that a lot will be happening at Toyota as major actions to reduce capacity and to improve management, reduce bureaucracy and speedup decisionmaking are taken by the new President. Especially so as Akio Toyoda, the new CEO, is different from the tradiitonal CEO's who have come up through manufacturing and not educated in the U.S. He will not have the same patience and comfort factor with Toyota's bureaucracy as these other CEO's like Watanabe who preceded him. By pushing the transition up the other elders like Shoichiro Toyoda may want to give Akio time to prepare for the tough decisions he will have to make, and to setup his own management team as early as possible.
Akio Toyoda's handling of the Toyota Recall Crisis in 2010-2011 and the legal settlement in 2014
01/12/2009
Grouped Articles
Tracks of His Tears: Why Akio Toyoda Choked Up
Wall Street Journal 03/03/2010
Toyoda Rues Excessive Profit Focus
Wall Street Journal 03/02/2010
Toyota Director Aims to Speed Up Decision Making
Wall Street Journal 07/23/2013
Inside Toyota, Executives Trade Blame Over Debacle
Wall Street Journal 04/13/2010
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's new priorities and strategy under Akio Toyoda.
05/17/2006
The grandson of founder Kiichiro Toyoda takes charge after the global economic crisis of 2008-2009. Toyota enters a new period with different priorities.
Grouped Articles
Wall Street Journal 05/08/2013
Toyoda Rues Excessive Profit Focus
Wall Street Journal 03/02/2010
Toyota Director Aims to Speed Up Decision Making
Wall Street Journal 07/23/2013
Toyota Scrambles to Catch Up in Brazil
Wall Street Journal 08/26/2013
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
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
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us