Toyota officially announced the promotion of Akio Toyoda, grandson of the company's founder, to the position of President today. He takes over from Katsuaki Watanabe who was "promoted" to Vice Chairman.
As President, Toyoda will effectively oversee the worldwide operations of the second largest car company in the world. Not an easy job given that Toyota reported its first loss in decades last year and recently announced major cutbacks at its North American factories.
So what changes are we likely to see? Well, Akio is a noted racing fan, so continued support of all forms of motorsport is likely. It's also well known that the development of the Lexus LF-A supercar was a pet project of his, so that too is likely to remain on track. And who knows, maybe he'll find a way to finally bring back the Supra.
billt9 says:
05:15 PM, 01/20/09
Ya look at the president get the chicks.
Women love power.