Toyota's new president is founder's grandson
Akio Toyoda is the grandson of founder Kiichiro Toyoda.
OneShift Editorial Team
22 Jan 2009
Akio Toyoda, 52, will be the first member of Toyoda family to take charge of the company since 1995. He will be taking the reins from outgoing chief Katsuaki Watanabe.
Mr. Toyoda's appointment comes amidst one of the worst times in the company's history. Overall sales in 2008 dropped 4 percentage points, while sales in their biggest market, the U.S., fell 16 percent.
Toyota's stock value in Japan has also dropped almost 52 percent since February of last year.
[IMG]http://www.oneshift.com/showroom/uploadimages/resized-20090121222009574.jpg[/IMG]
Credits: JRC
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