Shoichiro Toyoda, a Japanese business executive who lived from February 27, 1925, to February 14, 2023, held the positions of chairman of Toyota Motor Corporation from 1992 to 1999 and chairman of the powerful Japan Business Federation from 1994 to 1998.
Toyota gave the go-ahead for the creation of the Prius hybrid and the Lexus brand under Toyoda’s direction. He was the son of Kiichiro Toyoda, the man who founded Toyota Motors, and the grandson of Sakichi Toyoda, the man who founded Toyoda Automatic Loom Works.
The president of the Toyota Motor Corporation at the moment is his son, Akio Toyoda.
Shoichiro Toyoda Cause Of Death: What Happened To The Son Of Toyota Founder?
Shoichiro Toyoda, the father of current CEO Akio Toyoda and the founder’s son of Toyota Motor Corp (7203.T), passed away on Tuesday from heart failure, the firm announced. He was 97.
Toyoda, who joined Toyota in 1952, oversaw the company’s growth into American manufacturing, the introduction of the luxury Lexus brand and the Prius hybrid, and the achievement of international acclaim for creating a new model for manufacturing quality control.
Kiichiro Toyoda, the creator of Toyota Motors, and Hatako Toyoda, a descendant of Takashimaya department store chain co-founder Iida Shinshichi, welcomed Shoichiro Toyoda into the world on February 27, 1925 in Nagoya. He is Sakichi Toyoda’s grandson, who established the Toyoda Automatic Loom Works.
Toyoda, the firm founder’s son, began working for Toyota Motors in 1952. He had advanced to the post of managing director in ten years. He received promotions to executive vice president in 1972, senior managing director in 1967, and president of the business’ marketing division in 1981.