Shoichiro Toyoda

Businessman

Birthday February 27, 1925

Birth Sign Pisces

Birthplace Nagoya, Empire of Japan

DEATH DATE 2023-2-14, (97 years old)

Nationality Japan

#42328 Most Popular

1925

Shoichiro Toyoda was born in Nagoya on February 27, 1925.

The eldest son and second of four children, his parents were Kiichiro Toyoda, the founder of Toyota Motor, and Hatako Toyoda.

He was the grandson of Sakichi Toyoda, the founder of the Toyoda Automatic Loom Works.

1947

Toyoda graduated from Nagoya University with a degree in engineering in 1947.

He avoided being drafted during World War II, because the field of engineering was considered vital to the war effort.

After graduating, he worked at a fishcake-processing plant in Hokkaido, and at a house construction firm.

1952

In 1952, Toyoda joined Toyota Motor following the sudden death of his father.

Until then, he had not planned to join the company, but did so at the urging of his uncle, Eiji Toyoda.

His initial role was director of the inspection department.

1955

In 1955, Toyoda received a PhD in engineering from Tohoku University, after completing his doctoral dissertation on fuel injection.

1957

In 1957, Toyoda signed off on exporting the Toyopet Crown to the United States, after taking it on a road trip himself.

Lacking an engine powerful enough to drive on US highways, however, the Crown failed to win over American drivers and incurred a significant loss for the company.

The experience was a turning point for Toyoda, who later wrote that he became "determined to develop a high-quality passenger car that would perform well anywhere in the world".

1961

Toyoda was appointed managing director in 1961, the same year that Toyota introduced Total Quality Control (TQC).

In his role as deputy general manager, Toyoda became a "standard-bearer" for TQC within Toyota Motor, supporting Eiji Toyoda, who served as general manager for QC promotion and went on to become president.

1965

In 1965, Toyota Motor applied for and was awarded the Deming Prize for successful implementation of Total Quality Management (TQM).

1966

Company highlights during this period included the launch of the Toyota Corolla in 1966, and its introduction to the US market in 1968; the Corolla became the bestselling car in the world in 1974, and went on to become the bestselling car of all time.

1967

In 1967, Toyoda was promoted to senior managing director, and became executive vice president in 1972.

1981

In 1981, Toyoda moved from Toyota Motor to become president of Toyota Motor Sales.

1982

In 1982, the two organizations merged to form Toyota Motor Corporation, with Toyoda as the new entity's president.

1983

In 1983, Toyoda opened discussions with General Motors to form a joint venture to take over a GM factory in California.

1984

In 1984, a group was formed to explore organizational reform within Toyota, which found that the company suffered from "big company disease", discouraging younger employees from proposing new ideas due to the bureaucracy which had become entrenched within the old Toyota Motor.

Called NUMMI, the New United Motor Manufacturing, Inc., started producing the Toyota Corolla, as well as the Chevrolet Nova, in 1984.

1988

Toyoda pushed the company to overcome its "rigidity" to encourage innovation, and in 1988, nearly all the recommendations of the study group were adopted.

Two years later, Toyota opened its first wholly-owned vehicle manufacturing plant in Kentucky, and began production of the Toyota Camry in 1988.

When the plant was opened, Toyoda stated that the company would "work hard to become a good citizen of Kentucky and America".

The company subsequently opened plants in Cambridge, Ontario in Canada, and Burnaston in the United Kingdom.

1989

After successfully building Toyota's reputation as a manufacturer of affordable compact cars, in 1989, the company introduced the Lexus brand of luxury automobiles to the US market, as Toyoda aimed to design a vehicle that could compete with German models.

1990

Starting in 1990, Toyoda shifted gears to emphasize contributions to society, rather than corporate social responsibility.

1991

In 1991, Toyota introduced the first wide-body Camry, an example of the growing number of vehicles specifically designed for markets outside Japan.

1992

Shoichiro Toyoda (豊田 章一郞) was a Japanese business executive who served as chairman of Toyota Motor Corporation from 1992 to 1999, as well as chairman of the influential Japan Business Federation (日本経済団体連合会) from 1994 to 1998.

Under Toyoda's leadership, Toyota started manufacturing vehicles overseas and undertook the development of the Lexus brand.

He was the grandson of the Toyoda Automatic Loom Works founder Sakichi Toyoda and the son of the Toyota Motor founder Kiichiro Toyoda.

He served as chairman from 1992 to 1999; and he became honorary chairman in 1999.

Following the merger of Toyota Motor with Toyota Motor Sales, Toyoda led a concerted effort to blend the two organizations' distinct corporate cultures, emphasizing what he called "'The Three Cs': Creativity, Challenge and Courage".

Until then, their management philosophies had been compared to "oil and water"; the old Toyota Motor had prioritized "efficiency", while Toyota Motor Sales had a more "free and open" culture.

In 1992, the company updated its Basic Precepts with new Basic Principles, and also issued a document that came to be known as the Toyota Global Earth Charter.

Before stepping down as president in 1992, Toyoda drove the adoption of the Toyota Development Center System, organizing the company in "clusters" that would help foster creativity and innovation.

Under Toyoda's leadership, Toyota expanded its global footprint by manufacturing vehicles in local markets, starting with North America.

By the time Toyoda became chairman in 1992, Toyota had manufacturing plants in 22 countries.