Toyota to name new president

Published Tuesday June 23rd, 2009
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Source: Times & Transcript
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AP
In this file photo, Toyota workers assemble parts on new Prius hybrid vehicles at Toyota Tsutsumi Plant in Toyota, central Japan. For the first time in 14 years, Toyota Motor Corp. is turning to its founding family roots for leadership as it tackles the worst crisis in its history and desperately needs to stop losing money. The residents here are hopeful that Akio Toyoda, the 53-year-old grandson of the company founder, will turn around the automaker and surrounding community. Shareholders are expected to approve his nomination as the new president today.

In this file photo, Toyota workers assemble parts on new Prius hybrid vehicles at Toyota Tsutsumi Plant in Toyota, central Japan. For the first time in 14 years, Toyota Motor Corp. is turning to its founding family roots for leadership as it tackles the worst crisis in its history and desperately needs to stop losing money. The residents here are hopeful that Akio Toyoda, the 53-year-old grandson of the company founder, will turn around the automaker and surrounding community. Shareholders are expected to approve his nomination as the new president today.

 

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