Toyota Motor Corp.’s Akio Toyoda, beset by recalls since taking over as president in 2009, is now finding more flaws in one of his most high-profile models and adding to a growing fleet of cars that need fixing.
Toyota Motor Corp. President Akio Toyoda has put the company his grandfather founded on the road to record earnings after years of battling one crisis after another. The shares gained the most in almost eight months.
Toyota Motor Corp. placed such importance on the Indian-built Etios compact that it was the only new car the company didn’t delay amid the global financial crisis. President Akio Toyoda needs it to escape a sales ranking of seventh in Asia’s second-fastest growing major economy.
General Motors Co . and Volkswagen AG expect to boost vehicle sales in China faster than the nation’s economic growth rate, defying government policies to curb sales and threatening Toyota Motor Corp.’s standing as the world’s largest carmaker.
Nissan Motor Co. Chief Executive Officer Carlos Ghosn’s pay rose to 987 million yen ($12 million) last fiscal year while bigger rival Toyota Motor Corp. left its CEO’s pay flat and Honda Motor Co. cut compensation.