Akio Toyoda's $10M Toyota compensation broke company record

In the last fiscal year, Toyota Chairman Akio Toyoda was awarded total compensation of 1.622 billion yen ($10.09 million), the highest payout to any executive in the automaker’s history, as the company raked in record profits. (HANS GREIMEL)

July 09, 2024 12:00 PM

Indicted former Nissan chief Carlos Ghosn infamously fell afoul with the Japanese law for allegedly hiding millions of dollars in compensation when he was the country's highest-paid CEO.

Featured Stories

In the shadow of China’s military, Taiwan’s globally critical suppliers keep working

If Russia’s invasion of Ukraine was bad for the auto industry, that conflict might seem like a speed bump compared with the chaos unleashed by a Chinese invasion of Taiwan.

In the shadow of China’s military, Taiwan’s globally critical suppliers keep working

Parts tariffs are now in effect. Here’s how they work

Parts tariffs are now in effect. Here’s how they work

VW halts U.S. sales of ID Buzz for 2 safety recalls; rear seat too wide with just 2 seatbelts

VW halts U.S. sales of ID Buzz for 2 safety recalls; rear seat too wide with just 2 seatbelts

Car buyers trying to beat tariff price hikes did a ‘bank run’ on dealers’ lots in April

Larry P. Vellequette

Car buyers trying to beat tariff price hikes did a ‘bank run’ on dealers’ lots in April

Latest News

In the shadow of China’s military, Taiwan’s globally critical suppliers keep working

American Axle says Dowlais takeover on track despite industry volatility

Parts tariffs are now in effect. Here’s how they work

VW halts U.S. sales of ID Buzz for 2 safety recalls; rear seat too wide with just 2 seatbelts

Staying current is easy with newsletters delivered straight to your inbox.

See More in Automakers

Dacia Sandero edges Peugeot 208 for March sales title in Europe

VW could launch extended-range EVs in Europe, executives say

Daily 5 report for April 23: China’s inescapable influence on the auto industry live from Shanghai

U.S. will aim for U.K. to cut its automotive tariff to 2.5% from 10%, report says

Staying current is easy with newsletters delivered straight to your inbox.