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Top related persons:
Akio Toyoda - 4 Toyoda - 3 Toyoda’s - 1 Toyoda’s reappointment - 1 Mr - 1 “ - 1 ” Mr - 1 franck robichon - 1
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Japan Tokyo Toyota’s TOKYO New York City
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Toyota - 4 The New York Times - 1 Toyota Motor’s - 1 Japan - 1 Japan Automobile Manufacturers Association - 1 MELBOURNE - 1 ISS - 1 Tokyo Stock Exchange - 1

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6 mentions found


☆ Toyota Chairman’s Investor Support Tumbles
  + stars: | 2024-06-19 | by ( River Akira Davis | More About River Akira Davis | ) www.nytimes.com   time to read: +1 min
Investor support for Toyota Motor’s longtime leader, Akio Toyoda, sank to its lowest level since he took the helm as shareholders challenged the extent of control he exerts over the company. According to a filing released on Wednesday, 71.9 percent of shareholders supported renominating Mr. Toyoda as chairman of Toyota’s board. That met the threshold required for re-election, but it was the lowest level of support for him since at least 2010, after Mr. Toyoda’s first full year as chief executive. Ahead of Toyota’s shareholder meeting on Tuesday, The New York Times reported that several big investors planned to vote against Mr. Toyoda’s reappointment. Traditionally in Japan, board members receive nearly unanimous support from shareholders, and Mr. Toyoda, whose grandfather founded the company, has gotten an average approval of more than 96 percent over the past decade.
Persons: Akio Toyoda, Toyoda, Toyoda’s, Toyoda’s reappointment Organizations: Toyota, The New York Times Locations: Japan
☆ Toyota Chairman, Re-Elected by Investors, Defends His Hands-On Role
  + stars: | 2024-06-18 | by ( River Akira Davis | ) www.nytimes.com   time to read: +1 min
Toyota Motor’s longtime leader, Akio Toyoda, defended his continued deep involvement in the company’s operations on Tuesday, responding to calls by some big investors that he step back after having resigned as chief executive more than a year ago. “Some infer that what I do and how I act is akin to cloistered rule,” Mr. Toyoda said, referring to an imperial form of government in Japan where an emperor could retain power and influence even after abdication. “I consult with younger-generation executives and give them my advice, and if you call this cloistered rule, then I am happy to continue acting as a cloistered-government leader,” Mr. Toyoda, 68, said at a shareholder meeting at Toyota’s headquarters southwest of Tokyo. Mr. Toyoda was responding to questions posed by several shareholders asking whether recent problems over mishandled safety tests may reflect broader governance problems within Toyota, including insufficient checks and balances on management.
Persons: Akio Toyoda, Mr, Toyoda, “, ” Mr Organizations: Toyota Locations: Japan, Toyota’s, Tokyo
☆ Toyota Chairman Says People Are Finally Seeing the Reality About EVs
  + stars: | 2023-10-25 | by ( River Davis | ) www.wsj.com   time to read: 1 min
Toyota Motor’s FT-Se concept car at the Japan Mobility Show 2023 in Tokyo. Photo: franck robichon/ShutterstockTOKYO— Toyota Motor Chairman Akio Toyoda , when asked about electric-vehicle challenges including a recent lull in U.S. demand, said the industry was coming to recognize that there isn’t a single answer to reducing carbon emissions. “People are finally seeing reality,” Toyoda said Wednesday, speaking in his capacity as the head of the Japan Automobile Manufacturers Association.
Persons: franck robichon, Akio Toyoda, ” Toyoda Organizations: Toyota Motor’s, Japan, Toyota, Japan Automobile Manufacturers Association Locations: Tokyo, TOKYO
☆ Toyota shareholders make 15% the new win-win
  + stars: | 2023-06-16 | by ( Antony Currie | ) www.reuters.com   time to read: +3 min
Both Glass Lewis and ISS reckon there aren’t enough properly independent directors on the board, even though Toyota complies with the requirements laid down by the Tokyo Stock Exchange. Yet ISS held back from advising shareholders vote against them because it would risk “increasing management dominance of the board”. Toyota is a laggard on both and is now under pressure to get powerful investors back onside. CONTEXT NEWSMore than 15% of voting shareholders were against reappointing Chairman Akio Toyoda to Toyota Motor’s board at its annual meeting on June 14, the Japanese carmaker said on June 15. About 15% of shareholders who voted supported a resolution asking the company to issue an annual review of its climate lobbying activities.
Persons: Akio Toyoda, Glass Lewis, Glass Lewis plumped, Toyoda, Masahiko Oshima, carmaker, Pete Sweeney, Thomas Shum Organizations: MELBOURNE, Reuters, Toyota, ISS, Tokyo Stock Exchange, Sumitomo Mitsui Financial, Nikkei, California Public, New York, New York City Comptroller, Twitter, Thomson Locations: New York City
☆ Toyota Accelerates Its EV Changes With Extra $7 Billion Investment
  + stars: | 2023-05-10 | by ( River Davis | ) www.wsj.com   time to read: 1 min
Converting gas cars into electric vehicles is becoming more common, with several companies offering ways to ‘upcycle’ classic cars and fleet vehicles. WSJ’s George Downs explores why retrofitting isn’t more widespread. Illustration: George DownsTOKYO— Toyota Motor’s new management, looking to make up lost ground in electric vehicles, said it would add billions of dollars in spending to reach EV targets. Toyota said Wednesday it would invest an additional ¥1 trillion, equivalent to $7.4 billion, in EVs through 2030, bringing Toyota’s total planned outlays for the period to around $37 billion.
☆ Toyota's Indian unit warns of a possible customer data breach
  + stars: | 2023-01-01 | by ( Reuters Staff | ) www.reuters.com   time to read: 1 min
FILE PHOTO: A Toyota Logo is seen at a Toyota dealership in Zaventem, Belgium, November 25, 2022. REUTERS/Johanna Geron(Reuters) -A data breach at Toyota Motor’s Indian business might have exposed some customers’ personal information, it said on Sunday. Toyota India said it has notified the relevant Indian authorities of the data breach at Toyota Kirloskar Motor, a joint venture with Indian conglomerate Kirloskar Group. “Toyota Kirloskar Motor (TKM) has been notified by one of its service providers of an incident that might have exposed personal information of some of TKM’s customers on the internet”, TKM said in an emailed statement without disclosing the size of the data breach or number of customers affected. An unrelated issue at Toyota Motor’s T-Connect service potentially leaked about 296,000 pieces of customer information, it said last October.
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