Shoichiro Toyoda Death, Obituary – Shoichiro Toyoda, who had been serving as Honorary Chairman of Toyota Motor Corporation, had passed away not too long ago, as was brought to our attention just very recently. After hearing the news, we are seized with an intense sense of bereavement. On this momentous occasion, we would be honored if you would join us in remembering Honorary Chairman Toyoda. Please do not hesitate to contact us if you have any questions.
According to the company’s statement, Shoichiro Toyoda passed away on Tuesday due to heart failure. Shoichiro was the son of Toyota Motor Corp (7203.T) founder Sakichi Toyoda and the father of Akio Toyoda, who is the company’s current chief executive. Akio Toyoda was Shoichiro’s son, and Shoichiro was Akio’s father. Akio Toyoda is the individual who is currently filling the position of chief executive officer of the company. He was 97.
Toyoda, who joined Toyota in 1952, presided over the expansion of the Japanese automaker into manufacturing in the United States, the launch of the luxury Lexus brand, and the Prius hybrid, as well as the worldwide recognition for pioneering a new model for quality control in manufacturing. Toyoda is credited with creating the Toyota Production System (TPS), which is still in use today. In addition, Toyoda was the brains behind the creation of the hybrid vehicle known as the Prius. 1999 was the year that Toyoda passed away after a long battle with cancer.
His passing occurred a little over a month after his son, Akio Toyoda, 66, the third-generation of the founding family to run the automaker, announced that he would be stepping down as president and would become chairman. Mr. Toyoda was the automaker’s chairman at the time of his father’s death. After the announcement was made about his passing, he passed away a little over a month later. A little more than a month after his son broke the news to the rest of the family, he passed away shortly afterward.