Soichiro Okudaira 
Business

Toyota group automaker Daihatsu rejigs leadership

The troubles at Daihatsu Motor Co surfaced after a whistle-blower reported the cheating

DT NEXT Bureau

TOKYO: Japanese automaker Daihatsu on Tuesday named a veteran at its parent company Toyota to replace its president as it tries to repair the damage from a scandal over cheating on vehicle safety tests.

The troubles at Daihatsu Motor Co surfaced after a whistle-blower reported the cheating. A third-party review found violations, such as carrying out tests on just one side of a car when both sides had to be tested, that had persisted for decades.

The appointments of a new president, executive vice president and director highlight Toyota’s determination to play a leading role in the reforms at its 100 per cent owned subsidiary.

Masahiro Inoue, now overseeing Toyota’s business in South America, will be Daihatsu President effective in March, Toyota chief executive Koji Sato told reporters in Tokyo.

He replaces Soichiro Okudaira, who is resigning. Okudaira also had been sent in by Toyota. Daihatsu’s chairman, Sunao Matsubayashi, also resigned, while two other directors left the board but kept their positions at the company. Masanori Kuwata, now at Lexus International Co, Toyota Motor Corp’s luxury brand, becomes Daihatsu’s EVP, under the changes announced Tuesday. Keiko Yanagi, a deputy chief officer at Toyota, was named a director at Daihatsu. Inoue apologised to Daihatsu’s customers, suppliers and dealers, saying he knows how to be a good listener to win people’s trust because of his decades of working overseas.“We will make our hearts one and aim for a new start,” Inoue said.

Schools declared holiday in 5 Tamil Nadu districts, including Chennai as heavy rain continues

EPS on the back foot, but rivals face uphill task in GC

Inagurated in March: One of Puzhuthivakkam MRTS entrances closed for months

Greater Chennai Corporation, Metro Water board intensify monsoon preparedness

Sharp dip in prices: 2,000 tonnes of veggies dumped at Chennai's Koyambedu market

SCROLL FOR NEXT