Father of Prius hybrid to become Toyota chief

Jan 23 2013, 03:36 IST
Comments 0
SummaryThe man who led the development of Toyota Motor Corp’s Prius hybrid car is set to become the Japanese automaker’s chairman as early as this year, said two senior executives familiar with the matter, in a boardroom shuffle that should do little to lessen president Akio Toyoda’s grip.

named as executive vice-president in 2005.

Toyota, the world’s largest car maker by volume sales, blazed a trail for mass producing quality cars, but tripped up by expanding too fast into the US muscular SUV and truck market at a time when the yen was rising. It was also hit by a reputation-denting mass recall and severe supply problems after the March 2011 earthquake and tsunami.

It has since rebounded, helped by a relentless cost-paring drive, but remains under pressure from rivals such as Volkswagen and Hyundai Motor. Uchiyamada graduated from Nagoya University with a degree in applied physics in 1969 and joined Toyota a month later.

Single Page Format
Ads by Google
Reader´s Comments
| Post a Comment
Please Wait while comments are loading...