Toyota accelerates succession planning to meet auto industry challenges

Chairman Akio Toyoda will see his son Daisuke take up a place in Toyota's core manufacturing operations this week. (Nikkei montage/Source photos by Mayumi Tsumita and Reuters) Chairman's son goes from smart city to shop floor in classic Toyoda family move TOKYO — On June 1, the day Toyota Motor lost its stock market position as Japan's most valuable company to SoftBank Group for the first time in more than two decades, the automaker announced a personnel move that made few global headlines. Daisuke Toyoda, son of its chairman Akio Toyoda, would come back to the main group from a tech subsidiary on Aug. 1.

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