Automakers

Akio Toyoda reflects on how he guided Toyota to No. 1

Akio Toyoda as Morizo
Akio Toyoda, pictured in his racing outfit, plans to continue in his role as Toyota's chief test driver. (TOYOTA)
July 05, 2023 07:52 AM

LE MANS, France -- When Akio Toyoda stepped down after 14 years at the helm of Toyota, a company his grandfather started, he could look back at his considerable achievements. He made Toyota into the world's largest automaker, increasing its sales by a quarter and quadrupling its stock market value. He also twice overcame major problems with quality in the crucial U.S. market.

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