Tuesday, July 24, 2007

Toyota Anxiety With Defects, Recalls Accompanies Toyoda Drive to President

(Bloomberg) -- Akio Toyoda sat on stage as Toyota Motor
Corp. President Katsuaki Watanabe introduced nine other executives.
When Toyoda's turn came, he made a five-second bow to shareholders
gathered in Toyota City, Japan, for the June 22 annual meeting. Two
hours later, at a private board meeting, he was named head of
Japanese sales.

The second event signaled that Akio, 51, had stepped closer
to his destiny as patriarch of a carmaking dynasty that his great-
grandfather Sakichi funded and his grandfather Kiichiro started in
1937 by copying General Motors Corp.'s Chevrolets.


Read more at Bloomberg Exclusive News

No comments: