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Akio Toyoda waves family flag, heir makes crisis personal challenge
Wed, 24 Feb 2010The reclusive Akio Toyoda is taking the rare step of waving the family flag, as the scion to Toyota Motor Corp.’s founding dynasty tries to steer the world’s largest car company out of a spiraling safety crisis. In testimony prepared for the House Oversight and Government Reform Committee, President Toyoda pursues a rare personal tack on the emergency, saying “my name is on every car.” “As you well know, I am the grandson of the founder, and all the Toyota vehicles bear my name,” Toyoda says in prepared comments circulated ahead of Wednesday’s committee hearing in Washington. “For me, when the cars are damaged, it is as though I am as well.” The intimate reflection is a departure for Toyoda, who has spent most of his career sidestepping public discussion of his lineage.
Infiniti's future - you ask the difficult questions
Wed, 23 Jun 2010CAR is traveling to Spain at the end of this week to drive Infiniti’s first diesel model, the FX. We’re also meeting with Jim Wright, Infiniti’s European vice president for an exclusive one-on-one interview – so we want your most probing and insightful Infiniti-related questions please. Feel free to post as many as want below, and we’ll put them to Wright during the interview.
VW to announce Italdesign takeover on Tuesday
Mon, 24 May 2010Volkswagen will announce Tuesday that it will take a 90 percent stake in Italdesign Giugiaro S.p.A, people familiar with the matter told Automotive News Europe. The Giugiaro family will retain 10 percent in the Italian design house that is famous for styling cars such as the first-generation VW Golf. VW plans to acquire control of Italdesign to help reach its goal of becoming the world's largest automaker by 2018 with sales of 10 million vehicles a year.