Akio Toyoda out........Koji Sato in.

[mmcartalk]

Well, folks, hope this isn't a repost, but this is some BIG news at Toyota. Akio Toyoda is stepping down, and Lexus Chief Koji Santo will take over on April 1.

Lexus chief to take over Toyota as founder's grandson steps down

Akio Toyoda will step down as the Japanese giant struggles to meet the shift to electric vehicles.

www.reuters.com

I couldn't copy and paste the text of the link because of a problem.

 

[LS500-18]

This is a repost.

 

[IS-SV]

Repost yes, probably should have been here in Toyota Planet to begin with.

 

[Gor134]

U.S. Advisory Company Wants Toyota Shareholders To Vote Against Akio Toyoda's Re-Election | Carscoops

Glass Lewis says that at least one-third of Toyota's board of directors need to be independent

www.carscoops.com

The anti-Akio agenda continues, unfortunately.

 

[F1 Silver Arrows]

U.S. Advisory Company Wants Toyota Shareholders To Vote Against Akio Toyoda's Re-Election | Carscoops

Glass Lewis says that at least one-third of Toyota's board of directors need to be independent

www.carscoops.com

The anti-Akio agenda continues, unfortunately.

I saw this yesterday and was about to make a separate post filled with profane language against these freaks. The issue is that I would go straight to politics and go on a rampage but I just let it slide.

My blood was boiling after reading that bullshit article. They want to take everything away from us. Here's hoping BMW, Ferrari, Lamborghini, Hyundai, and Porsche (all OEMs that want to pursue options that aren't EV either) also get their act together and stand with Toyota on this issue.

 

[Gor134]

I saw this yesterday and was about to make a separate post filled with profane language against these freaks. The issue is that I would go straight to politics and go on a rampage but I just let it slide.

My blood was boiling after reading that bullshit article. They want to take everything away from us. Here's hoping BMW, Ferrari, Lamborghini, Hyundai, and Porsche (all OEMs that want to pursue options that aren't EV either) also get their act together and stand with Toyota on this issue.

It's so obviously bullshit too. They don't give a **** about independence or dependence.. they just want Akio out without saying it.

 

[F1 Silver Arrows]

It's so obviously bullshit too. They don't give a **** about independence or dependence.. they just want Akio out without saying it.

They're just so pissy that there's someone who has the gravitas to say no to their agenda. I know a lot of people don't like Musk either but he's going down a similar route. Thankfully Toyota and the companies that Elon own are influential and powerful enough that they can't be bought by radical interest groups.

Booting the greatest CEO known to man because there aren't any "females" on the board? Or because they are being cautious with EVs? Bullshit.

This is a clear attempt at a hostile takeover.

 

[ssun30]

Akio Toyoda ran the company like family-owned instead of a public company. That's why he's hated by so many. The appointment of Koji Sato was an unexpected move. I followed the Toyota succession story from Japan and none of the outlets correctly predicted the new CEO. And now we know the decision was made in private between Akio Toyoda and Koji Sato last December, and Akio Toyoda stepped down at a convenient timing so the succession plan could go uninterrupted.

Sumitomo Mitsui is one of their biggest creditors and owns 33.4% of Kinto Corporation, Toyota's car subscription/rental company in Japan. So indeed SMBG is a very closely affiliated company to TMC. But then again, every large enough corporation in Japan is affiliated to another in some form or another. So the only resolution to this problem is having a foreigner on board. And now you see where this is going.

I don't understand why they again relate this to EVs. The Paris Agreement was signed by governments. Since when does it tell what individual companies should do? It would only be fair if there was another treaty banning use of conflict minerals from war zones in batteries, REE made in unregulated poisonous refineries for motors, and export of electronic/chemical waste for "recycling" to third world landfills.

 

[F1 Silver Arrows]

Akio Toyoda ran the company like family-owned instead of a public company.

And yet he shot the company through the stratosphere with record profits and created vehicles that are more popular and exciting than ever in the eyes of just about everyone.

 

[mikeavelli]

Well, folks, hope this isn't a repost, but this is some BIG news at Toyota. Akio Toyoda is stepping down, and Lexus Chief Koji Santo will take over on April 1.

Lexus chief to take over Toyota as founder's grandson steps down

Akio Toyoda will step down as the Japanese giant struggles to meet the shift to electric vehicles.

www.reuters.com

I couldn't copy and paste the text of the link because of a problem.

It’s Sato, I edited.

 

[Tragic Bronson]

And yet he shot the company through the stratosphere with record profits and created vehicles that are more popular and exciting than ever in the eyes of just about everyone.

He did deliver on "No more boring cars"

 

[Pedro Roldão]

U.S. Advisory Company Wants Toyota Shareholders To Vote Against Akio Toyoda's Re-Election | Carscoops

Glass Lewis says that at least one-third of Toyota's board of directors need to be independent

www.carscoops.com

The anti-Akio agenda continues, unfortunately.

I was not aware of this.. I'am shocked 😑

 

[Motor]

 

[Motor]

NEWS｜Akio’s New Year Message for Toyota’s Global Team｜TOYOTA TIMES

“I still have a lot of work to do,” Chairman Akio Toyoda told Toyota team members around the world, sharing a recent dream that has strengthened his resolve. #TOYOTATIMES

toyotatimes.jp