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Toyata: major U.S. reorganization
Toyota to revamp in U.S.
Posted Wednesday, Apr 8, 2009, 3:29 pm in Employee News
Toyota Motor Corp. is considering a major reorganization of its U.S. operations, bringing sales and manufacturing under one powerful executive, in an effort to keep closer tabs on its American business, which traditionally has been Toyota’s biggest source of profit but is now losing money, The Detroit News reported.
The News said the Japanese automaker’s top managers are expected to decide how to structure the U.S. operations this month according to people familiar with the situation. A decision would be formalized in June, at the same time that Toyota will appoint a new president in Japan, Akio Toyoda, the grandson of the company’s founder, The News said.
The prospect that Toyota may install an executive in the United States with over-arching powers appears likely now that the management in Japan has taken the unusual step of rehiring a former top executive with U.S. experience, according to the News. Yoshimi Inaba, who retired abruptly in 2007, is returning to take a position with Toyota in the United States, the story said. (The Detroit News)
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Rick
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