The 2021 World Car Person of the Year is Toyota Motor Corporation (TMC) President and CEO Akio Toyoda.
The World Car Awards jury, comprised of more than 90 eminent worldwide journalists, presented the honor.
According to the World Car Awards, “The charismatic CEO and President of Toyota Motor Corporation, Akio Toyoda, has spent years effectively reinventing his business. Under his direction, Toyota maintained profitability in 2020 despite COVID-19, safeguarding jobs all around the world. In the Connected, Autonomous, Shared and Electric (CASE) age, he has continued Toyota’s steady pace of progress and started building the Woven Metropolis, an exciting, real-world prototype city of the future. All the while being a driver who is actively involved in racing.
President Toyoda said on the World Car Awards “Thank you very much for this wonderful honor on behalf of the 360,000 Toyota Team members that make up the company worldwide. If it’s alright with you, though, I would want to modify the title of this award from car “person” to car “people,” as it is the combined efforts of all of our global employees, retailers, and suppliers that have truly made Toyota what it is today. And as for me, I could not be a CEO who is luckier or more appreciative.
He went on to acknowledge and thank the whole automotive industry for its contributions: “At Toyota, we consider it a great blessing that we were able to maintain the employment of our team members during COVID-19 and carry on with our efforts to address the challenges facing our sector in the future. As a corporation, we’re dedicated to inventing fresh approaches to promote the welfare of the world and everyone on it.
“The present has been a challenging time in world history. But it has also served to remind us that what really counts are the people. And if we at Toyota can make a small difference in how happy they are, I will always strive to achieve that.
After earning a law degree from Keio University and a master’s degree in business management from Babson College in the United States, Akio Toyoda joined TMC in 1984. He joined the TMC board of directors in 2000 after working in a variety of business-related roles both domestically and abroad. Before taking on the position of TMC President in 2009, he later held several senior and executive vice president positions.
The World Car Person of the Year award was established in 2018 to recognize and honor a person who has significantly impacted the global automobile sector over the course of the previous year. It is one of the six honors given each year by the World Car Awards program, which was started in 2003.
In This Article...
Who is the current CEO of Toyota?
Toyoda is the grandson of Kiichiro Toyoda, the founder of the Toyota Motor Corporation, and the great-grandson of Sakichi Toyoda, the founder of Toyoda Automatic Loomworks. He was born in Nagoya on May 3, 1956, to Hiroko ne Mitsui and Shoichiro Toyoda. Since the days when his carpenter-farmer great-great-grandfather, Ikichi Toyoda, taught his son fabrication and carpentry, Toyoda’s family line has controlled the highest management of the family companies. When Katsuaki Watanabe was demoted to Vice-Chairman following the quality control problem, Akio Toyoda was the leading candidate to take over the family firm. [2] [3]
What is the CEO pay at Toyota?
According to a report from Japan’s Financial Services Agency on Tuesday, the Japanese auto giant paid its CEO Akio Toyoda a total of 184 million yen (US$1.86 million) in salary and bonuses.
What is the net value of Toyota?
On this page, you can check Toyota’s Net Worth, History, Assets, Income, Liabilities, Net Income, Total Employees, and a lot more information. Toyota has a net value of roughly $282 billion. Toyota’s net value is estimated by Japanese media to be $300 billion, but according to news reports from other countries, we think it will actually be closer to $236 billion. Japanese people founded Toyota. Toyota was established in 1937, but its founder had already begun producing automobiles a year earlier. In 1937, the firm was given the name Toyota Motor Company.
If you were born in the 1990s, you are probably aware that Toyota is considered to represent the future of the automobile industry due to its estimated one million dollar per hour investment in R&D. The most durable vehicles are thought to be Toyotas. These vehicles are thought to last at least twenty years. A city in Japan is called after Toyota since the firm is so significant there.
As we’ve already indicated, Toyota’s management carefully considers what will happen in the future. Toyota has made an approximately $1 billion investment in artificial intelligence in light of this. Despite being regarded as a separate entity, Toyota Japan employs 80% people outside of Japan. Six hundred thousand people are reportedly employed there, with 80 percent of them working outside of Japan.
Since 1957, when the Toyota first arrived in America, there has been no turning back. Toyota is supposed to be the brand with the fastest sales, and it is said that this vehicle spends the least amount of time in showrooms. Toyota is regarded as an eco-friendly and reliable brand of vehicle. Toyota is considered to produce vehicles that are the least harmful to the environment. We’re referring to vehicles that use fossil fuels. Check out the wealth of Google, Amazon, Apple, Facebook, and the other tech giants.
Why is Akio Toyoda such a capable boss?
Because of his high moral and ethical standards and the respect in which Toyota’s employees hold him, Toyoda exudes charisma. Additionally, he has a clear vision for the future and constantly pushes the boundaries of Toyota’s conventional wisdom.
Who is the world’s wealthiest CEO?
Elon Musk, CEO of SpaceX and Tesla, came in first place on the 2021 Fortune 500 list of highest-paid CEOs. Musk “realized” remuneration from executing some Tesla stock options granted in 2018 in 2021, totaling roughly $23.5 billion. The Fortune 500 list for this year has Tesla at number 65.
Which CEO earns the most money globally?
Top 10 CEOs in the world by compensation
Tim Cook, Satya Nadella, Elon Musk, and others
- NVIDIA’s Jensen Huang.
- Netflix’s Reed Hastings.
- Luis Schleifer
- Pharmaceutical company Regeneron.
- Salesforce Marc Benioff
- Microsoft’s Satya Nadella.
- Robert A. KotickBlizzard of activity.
- Broadcom, Hock E.
- OracleSafra A. Catz
What values does Toyota uphold?
The name Toyoda is spelled differently as Toyota. Many different types of looms were created and made by the original Toyoda firm. Toyoda made the decision to enter the automotive industry in 1933, and after achieving consistent success, it rapidly expanded in 1956. Toyoda, which refers to Japan’s most important cash crop, means “fertile rice patty.” To avoid being confused with the agricultural company Toyoda Loom Inc., they changed their name to Toyota, which has a similar sound but has nothing to do with agriculture. Toyota only needs eight strokes to write the Japanese alphabet, whereas Toyoda needs ten. In addition to being simpler to write, the number eight is lucky in Japan, therefore the alteration was viewed favorably.
What the Toyota Logo Means
In 1990, the Toyota logo made its debut in the United States. It displays three overlapping ellipses, each of which stands for a crucial aspect of Toyota as an organization. The ellipses in the middle, resembling columns, and on top, perpendicular to them, stand for the “unification of the hearts of [Toyota] customers and the heart of Toyota goods.” The third and last ellipsisthe one around the other two—represents Toyota’s pursuit of technical innovation as well as potential and opportunity in the future.
What does Toyota mean to you?
Why not share your meaning for your Toyota with us and our customers? Submit a review! You’ll wonder why you ever put up with problems with other automobiles once you’ve experienced the Toyota difference with ToyotaCare.
Who is the owner of Toyota?
Sakichi Toyoda created the first mechanical loom in the world and founded the Toyoda Spinning and Weaving Company in 1918, which is where Toyota got its start in the weaving business of Japan. Since a loom would stop and wouldn’t continue to produce faulty cloth and use up thread if an issue arose, his method reduced faults and enhanced yields. The Toyota Production System still relies heavily on the jidoka concept, which calls for engineering machinery to automatically halt and alert users to issues right away.
The loom so impressed the Platt Brothers, a British company, that they paid 100,000 in 1929 for the production and sales rights. Sakichi handed his son Kiichiro the money so that he might advance automobile technology at Toyoda. The Model AA, the company’s first ever passenger automobile, was introduced as a result in 1936, and the Toyota Motor Company was established in 1937. In addition to its own factories, manufacturing subsidiaries, and affiliates in Japan, Toyota today produces automobiles and parts under the Toyota and Lexus brands all over the world. Production of Toyota vehicles outside of Japan started in Brazil in 1959.
Take a look at Toyota’s past, beginning with the founder Sakichi Toyoda’s birth. It charts the company’s growth from the time Toyota Motor Corporation was founded in 1937 until the sale of the two millionth Prius hybrid.