Toyota Makes Changes

December 16, 2019

Toyota Motor North America (TMNA) announced executive leadership changes designed to sustain its automotive operations and to continue its transformation in the mobility space.

Effective April 1, Jim Lentz, chief executive officer TMNA, will retire after 38 years with the company. Tetsuo “Ted” Ogawa, chief operating officer TMNA, will succeed Lentz as CEO, reporting to Didier Leroy, TMNA vice chairman and president of business planning and operations.

“Jim Lentz has had an incredible impact on our company,” said Ogawa. “He has been an outstanding leader and was instrumental in restructuring the company and bringing together our North American region. He deserves a lot of credit for all he has accomplished in his many roles around the globe and he will be greatly missed.

“He leaves a legacy that helped build a stronger, more unified Toyota that is prepared to face the future of mobility, and I am humbled and excited to continue working with the Toyota leadership team to create an even more dynamic and vibrant company.”

Ogawa will focus on further transforming Toyota into a mobility company to better serve its customers, in and beyond the automotive realm. This transformation includes modernizing TMNA’s automotive operations to improve efficiency and speed, strengthening operational execution and leading the company’s transition into new areas of mobility.

 

Effective April 1, Jim Lentz (left), chief executive officer TMNA, will retire after 38 years with the company. Tetsuo “Ted” Ogawa (right), chief operating officer TMNA, will succeed Lentz as CEO.

Toyota Sales Dip

November 03, 2019

Toyota Motor North America (TMNA) reported October sales of 188,787 vehicles, a decrease of 1.2 percent on a volume basis and down 4.9 percent on a daily selling rate (DSR) basis versus last year.

Toyota division posted October sales of 165,644 units, down 1.6 percent on a volume basis and down 5.3 percent on a DSR basis.

Lexus division posted October sales of 23,143 vehicles, up 1.9 percent on a volume basis and down 1.9 percent on a DSR basis.

Toyota Motors North America sales volume dropped by 16.5 percent in September, to 169,656 vehicles. Its daily selling rate declined by 9.2 percent.

 

But Toyota put a spotlight on its hybrid sales, which have risen 31 percent over the past three months. The company has new hybrid launches planned for Corolla, RAV4 and Highlander.

Toyota Motor North America reported August sales of 248,334 vehicles, an increase of 11.3 percent on a volume basis and up 7.4 percent on daily selling rate basis versus August 2018.

Toyota division achieved a best-ever August, posting sales of 218,403 units, up 12.3 percent on a volume basis and up 8.3 percent on a DSR basis.

Lexus division posted August sales of 29,931 vehicles, up 4.6 percent on a volume basis and up 0.8 percent on a DSR basis.

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