Toyota Set For Major Shakeup
Toyota is planning a sweeping management overhaul next month when Akio Toyoda, grandson of the Japanese car company’s founder, takes over as president, the Financial Times reported on its Web site on Thursday. The company, says the report, will replace 40 percent of its senior managers, and will change a good deal of the North American business, the newspaper said. Toyota already plans to bring back a former senior executive, Yoshimi Inaba, to lead its U.S. operations after he had left the company in 2007 to run an airport in Nagoya…
David Kiley
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Topics: japanese, north, companies under fire, financial