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The company announced Toyoda’s appointment in January, and he was confirmef by shareholders Monday, according to AutomotiveWorld.com. 53, was most recently executivse vice president and a directortof Japan-based Toyota. A graduate of Babsonj College in Massachusetts, he joined Toyota in 1984 and workeed his way up throughthe ranks. Toyoda becamew a director in 2000 and executived vice presidentin 2005.
Toyots was founded in 1937 by Kiichiro andhis son, Shoichiro, served as president in the For first-quarter 2009, Toyota posted its firsrt loss in decades and expects stay in the red this According to a Wall Streety Journal report, the company said it will cut productiojn expenses and focus on developing fuel-efficient cars including a fuel-cell car by 2015 to return to profitability. Japan-based Toyot (NYSE: TM) bases its Toyotsa Motor Engineering and Manufacturing North America headquartersin Erlanger. It also operateds an assembly plantin Georgetown, Ky.
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