Jun 17, 2014

Toyota growth plans focus on hybrid segment

Toyota Motor Corp. President Akio Toyoda said Tuesday the company will focus heavily on hybrid vehicles as it tries to drive further growth. The company aims to improve the fuel efficiency of hybrid vehicles and launch 15 new models in the next two years. ...

Toyota directors to share ¥1.5 billion in 19% pay bump

May 28, 2014

Toyota directors to share ¥1.5 billion in 19% pay bump

Toyota Motor Corp. plans to boost pay for directors by 19 percent for the last fiscal year after the company earned record profit. Toyota proposed ¥1.52 billion in combined compensation and bonuses to 21 directors, including President Akio Toyoda, in a notice to shareholders ...

Ike of Honda to take JAMA helm

Mar 20, 2014

Ike of Honda to take JAMA helm

by Masaaki Kameda

Honda Motor Co. Chairman Fumihiko Ike will take over as chief of the Japan Automobile Manufacturers Association in May, the industry lobby group said Thursday. He will succeed Akio Toyoda, the president of Toyota Motor Corp. “Mr. Ike is like no one else, and ...

Toyoda says car industry must be more aggressive

Dec 31, 2013

Toyoda says car industry must be more aggressive

by Masaaki Kameda

The auto industry must take the initiative to be more competitive until the benefits of Prime Minister Shinzo Abe’s deflation-busting economic policies are fully felt, according to Akio Toyoda, chairman of the Japan Automobile Manufacturers Association. “In a word, the industry (as a whole) ...

Toyoda qualifies endorsement of consumption levy hike

Aug 28, 2013

Toyoda qualifies endorsement of consumption levy hike

Toyota Motor Corp. President Akio Toyoda on Wednesday threw his support behind the planned consumption tax increase but asked the government to adopt measures ensuring sustainable economic growth if Prime Minister Shinzo Abe goes ahead with the hike. “I favor a consumption tax hike ...

Toyoda takes second in car race

May 22, 2013

Toyoda takes second in car race

Toyota Motor Corp. President Akio Toyoda took the steering wheel in the Nurburgring 24-hour endurance race through Monday in western Germany, with his team finishing second in its class, the automaker said. Toyoda teamed with three professional drivers to race a Lexus LF-A in ...

Apr 21, 2013

Toyota to start producing Lexus ES sedan in Kentucky

Toyota Motor Corp. plans to build Lexus ES 350 sedans in Kentucky, the first U.S. production for its luxury brand, as CEO Akio Toyoda pushes to localize output in the automaker’s biggest markets. Toyoda and Jim Lentz, Toyota’s North American chief, said Friday in ...

Toyota president looking to reorganize corporate structure

Apr 3, 2013

Toyota president looking to reorganize corporate structure

Toyota President Akio Toyoda has said he will accelerate structural reform of the automaker to improve operations and boost profitability. “We will aim to change the structure of the company so we can achieve sustainable growth,” Toyoda said in a recent interview. As part ...