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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.

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Toyota Management Heads Toward a Shakeup

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Honda Names New Chief Executive

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Toyota Plans a Major Overhaul in U.S.

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Toyota Posts Big Loss, Signals More to Come

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Toyota Boss Faces First Hurdle

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Toyota Boss Vows to Change Priorities

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Toyota Pursues Alternatives, New Engines In Car Market

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Wall Street Journal 02.08.2010

U.S. panel lambasts a contrite Toyoda.

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At Toyota, a Cultural Shift

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Toyota Unveils New Business Plan

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Toyota Hones Focus, Top Ranks

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Toyota Overhauls Its R&D Efforts

Wall Street Journal 04.10.2012

Toyota Raises Sales Target as Quarterly Profit Rises

New York Times 08.03.2012

Grandson of Toyota Founder Will Lead

New York Times 01.21.2009


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