Toyota Founder Son & Honorary Chairman Shoichiro Toyoda Dies at Age 97, Founded in 1937 by Father Kiichiro Toyoda & Becomes Top Car-Maker with Market Value of $231 Billion
18th February 2023 | Hong Kong
Toyota founder’s son & Honorary Chairman of Toyota Shoichiro Toyoda has died at the age of 97 (14/2/23), joining the company in 1952 founded in 1937 by his father Kiichiro Toyoda and with Toyota Motor Corporation becoming one of the top car-maker in the world with market value of $231 billion. Shoichiro Toyoda is estimated to have a personal fortune of between $400 million to $800 million. Toyota: It is with great sadness that Toyota announces the death today of Toyota Motor Corporation Honorary Chairman Shoichiro Toyoda at the age of 97. Dr Toyoda, who was the son of the company’s founder Kiichiro Toyoda, began his career with Toyota Motor Corporation (TMC) in 1952, having earlier graduated from Nagoya University with a degree in engineering. He later earned an engineering doctorate, writing his thesis on the subject of fuel injection. Dr Toyoda served in many posts during his long career, in which automotive technology, quality control were primary emphases. He became managing director in 1961 and following promotions to senior managing director in 1967 and executive vice president in 1972, he was named president of Toyota’s sales organisation in 1981. Following the merger of the sales and production organisations in 1982 he became president of the newly integrated TMC, serving later as chairman of the board between 1992 and 1999. Dr Toyoda served on the board for 57 years and assumed the position of honorary chairman in 2009 until his death. Dr Toyoda is the father of the current president and CEO, Akio Toyoda, his eldest son. The funeral service will be for close family members only. Toyota Motor Corporation will hold a farewell gathering at a later date.
“ Toyota Founder Son & Honorary Chairman Shoichiro Toyoda Dies at Age 97, Founded in 1937 by Father Kiichiro Toyoda & Becomes Top Car-Maker with Market Value of $231 Billion “
Toyota Founder Son & Honorary Chairman Shoichiro Toyoda Dies at Age 97, Founded in 1937 by Father Kiichiro Toyoda & Becomes Top Car-Maker with Market Value of $231 Billion
Toyota Motor Corporation works to develop and manufacture innovative, safe and high-quality products and services that create happiness by providing mobility for all. We believe that true achievement comes from supporting our customers, partners, employees, and the communities in which we operate. Since our founding over 80 years ago in 1937, we have applied our Guiding Principles in pursuit of a safer, greener and more inclusive society. Today, as we transform into a mobility company developing connected, automated, shared and electrified technologies, we also remain true to our Guiding Principles and many of the United Nations’ Sustainable Development Goals to help realize an ever-better world, where everyone is free to move.
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