The eldest son of Toyota's founder Shoichiro Toyoda has died at the age of 97. His death comes weeks after Akio Toyoda announced he's stepping down as CEO.
[Toyota's president and CEO in April](https://www.foxbusiness.com/markets/toyota-founders-son-led-company-expansion-dead-97). [announced he'd be stepping down](https://www.entrepreneur.com/business-news/akio-toyoda-steps-down-as-president-and-ceo-of-toyota/443728) from his positions. He served on the board for 57 years and was made honorary chairman in 2009 until his death. He also helped launched the luxury Lexus brand and Prius hybrid. ['A Huge Surprise': Akio Toyoda, President and CEO of Toyota, Steps Down](https://www.entrepreneur.com/business-news/akio-toyoda-steps-down-as-president-and-ceo-of-toyota/443728) [Reuters](https://www.reuters.com/business/autos-transportation/shoichiro-toyoda-son-toyota-founder-dies-aged-97-2023-02-14/), in addition to expanding the Toyota brand to the U.S.
NAGOYA: Toyota Motor's honorary chairman and former president Shoichiro Toyoda died of heart failure today, the Japanese automaker announced.
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TOKYO -- He was the head of Toyota Motor. He led Japan's most powerful business lobby.But contrary to his glittering resume, Shoichiro Toyoda was at h.
Shoichiro was the eldest son of Kiichiro Toyoda who founded the company in 1937. He is succeeded by Akio Toyoda, now chairman and former president and chief ...
In related news, Toyota Motor Corp announced earlier in January that Akio Toyoda is stepping down as president and chief executive to become chairman from the 1st of April, and hand over the helm of Japan's biggest automaker to its top branding officer, Koji Sato. Shoichiro was the eldest son of Kiichiro Toyoda who founded the company in 1937. Toyota's honorary chairman and the company founder's son Shoichiro Toyoda has passed away.
Brussels, 14 February 2023 – It is with great sadness that we inform you of the passing today of Toyota Motor Corporation Honorary Chairman Shoichiro Toyoda ...
Dr Toyoda is the father of the current president and CEO, Akio Toyoda, his eldest son. Following the merger of the sales and production organisations in 1982 he became president of the newly integrated TMC, serving later as chairman of the board between 1992 and 1999. He became managing director in 1961 and following promotions to senior managing director in 1967, and executive vice president in 1972, he was named president of Toyota’s sales organisation in 1981.
The son of Toyota founder Kiichiro Toyoda, Shoichiro Toyoda was still serving as Toyota's honorary chairman at the time of his death. Reuters reports that ...
Following his success in improving quality, Toyoda was named a managing director in 1961, and 20 years later, he became the head of Toyota’s sales organization. In addition to his dedication to build quality and reliability, he was also responsible for the creation of Lexus and the original Prius. After initially failing to successfully bring the Toyota Crown to the U.S., Toyoda later became one of the executives put in charge of the automaker’s new “total quality control” system.
He pushed the company into North America and beyond, setting it on its path to becoming one of the world's most powerful automakers.
Toyoda stepped down from his position as Toyota’s chairman in 1999 and became honorary chairman for life, a position where he continued to influence the company’s course. In 2007, he was inducted into the U.S. By 1982, when the two halves of the company reunited, he was at the top. [encouraged](https://www.nytimes.com/1990/02/22/business/japan-to-give-tax-benefits-for-charitable-aid-in-us.html) Japanese industrialists to “contribute on the same level as Americans” by becoming active in local charitable organizations in the United States. Toyoda pushed for Japanese companies to play a bigger role in the communities where they built their factories. as the world’s largest automaker, and with inflation, unemployment and protectionist sentiment running high in America, Tokyo and Washington agreed on the first of many rounds of import restrictions on Japanese automobiles. (The Japanese government gave tax breaks to those that did.) As Americans became enamored of Toyota’s ultraefficient production practices, he started a management training center to help U.S. He was passed over for the draft because his major, engineering, was considered vital for the war effort, he wrote in the Nikkei article. In 1950, a debt-racked Toyoda split into two companies, one for manufacturing, which Kiichiro Toyoda ran, and the other for sales. He enjoyed a privileged childhood: in a 2014 column for the Nikkei Shimbun newspaper, he Shoichiro Toyoda joined the company at 27 as director of the inspection department. The “d” in the family name had been changed to a “t” because it looked better when written in Japanese.
NAGOYA -- Toyota Motor's honorary chairman and former president Shoichiro Toyoda died of heart failure on Tuesday, the Japanese automaker announced. H.
Shoichiro Toyoda, the son of Toyota Motor Corp founder and father of current chief executive Akio Toyoda, died on Tuesday of heart failure, the company said ...