Providers and Administrators in blue logo
MenuMENU
SearchSEARCH

Akio Toyoda Is Automaker's Only Hope, Former U.S. Boss Press Says

February 25, 2010
2 min to read


Saying Toyota Motor Corp. had become dominated by “anti-family, financially oriented pirates,” the company's former North American chief says only CEO Akio Toyoda can rescue the automaker, Automotive News reported.


“Toyota doesn't want me to speak out, but I can't stand it anymore and somebody has to tell it like it is,” wrote Jim Press, who left Toyota in 2007 as its highest-ranking American executive.

Ad Loading...


“Akio Toyoda is not only up for the job, but he is the only person who can save Toyota,” Press wrote in an e-mail to Automotive News. “He is very capable, and he embodies the virtues and character that built this great company.”


Toyoda -- grandson of Toyota founder Kiichiro Toyoda -- became CEO in June and is testifying before lawmakers today. He said the company's traditional priorities -- first safety, second quality, third volume -- have become “confused.”


Press spent 36 years at the automaker as it grew to pass Ford Motor Co. as No. 2 in U.S. sales and later topped General Motors as the global leader. He was the first non-Japanese to serve on the 30-member Toyota Motor Corp. board in Japan.


In September 2007, he became president and vice chairman at Chrysler LLC. He left Chrysler late last year after the U.S. automaker emerged from bankruptcy under the control of Fiat S.p.A.


“The root cause of their problems is that the company was hijacked, some years ago, by anti-family, financially oriented pirates,” Press said, referring to the company's move away from Toyoda family leadership over the past decade.

Ad Loading...


“They didn't have the character necessary to maintain a customer first focus. Akio does.”

More Industry

text reading Auto Loan Defaults Reach 2% on desk background with car keys, calculator, notepad, and toy car
Industryby Lauren LawrenceMarch 10, 2026

Auto Loan Defaults Measured Amid Inflation

According to LendingTree data, the average monthly auto loan payment was $540 in the fourth quarter, and the average credit score for those with a recorded default was 529.

Read More →
Photo of rear of electric 2026 Mercedes VLE
Industryby Hannah MitchellMarch 10, 2026

No End in Sight for Vehicle Inflation

The February average transaction price was well above a three-year average annual bump, but Cox analysts consider today’s prices to be on the normal side.

Read More →
Showroomby Lauren LawrenceMarch 4, 2026

Used-Vehicle Program Aims to Draw More Buyers

GM says more than 750 dealers across the U.S. are enrolled in CarBravo and that in January CarBravo dealers sold over two times the certified volume of Chevrolet, Buick and GMC dealers using traditional CPO.

Read More →
Ad Loading...
Industryby Hannah MitchellMarch 3, 2026

Auto Dealers Cautiously Hopeful

Though traffic and profits were down in the first quarter, normally optimistic franchisees and independents saw dim current conditions while holding out visions of healthy spring sales.

Read More →
Industryby StaffMarch 3, 2026

Black Book: Weekly Market Update

Conversions picked up last week at wholesale vehicle auctions, according to the market observer, as the spring shopping season appeared to begin.

Read More →
white Audi car in a service bay
Industryby Lauren LawrenceMarch 3, 2026

Recall Service Reaches Milestone

Eight state DMVs participate in the Vehicle Recall Search Service created by Carfax and the Alliance for Automotive Innovation to reduce the number of unaddressed vehicle recall repairs.

Read More →
Ad Loading...
Industryby Hannah MitchellMarch 2, 2026

Meet the Editor: Hannah Mitchell

A longtime newspaper journalist, Bobit Dealer Group's editor was raised on news back in the South. Now she brings that news-hound ethic to our four auto retail magazines.

Read More →
Summit Updatesby StaffMarch 2, 2026

Enhance Your Dealer's F&I Workflow at Agent Summit

This session is designed to equip general agents with actionable strategies that can help their dealers enhance the efficiency of financial services managers.

Read More →
Industryby Hannah MitchellMarch 2, 2026

Auto Brands Hold the Line on Retention

A flat national rate despite inflation and other financial challenges shows industry loyalty stability, annual Reynolds and Reynolds research finds.

Read More →
Ad Loading...
Industryby Lauren LawrenceFebruary 25, 2026

Report Finds Year-End F&I Strength

Deal volume ebbed and flowed throughout 2025, but product performance remained steady, according to automotive technology and data intelligence solutions provider StoneEagle.

Read More →