Age, Biography and Wiki
Shoichiro Toyoda was born on 27 February, 1925 in Nagoya, Empire of Japan, is a Japanese businessman (1925–2023). Discover Shoichiro Toyoda's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 97 years old?
Popular As |
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Occupation |
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Age |
97 years old |
Zodiac Sign |
Pisces |
Born |
27 February, 1925 |
Birthday |
27 February |
Birthplace |
Nagoya, Empire of Japan |
Date of death |
14 February, 2023 |
Died Place |
N/A |
Nationality |
Japan
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We recommend you to check the complete list of Famous People born on 27 February.
He is a member of famous businessman with the age 97 years old group.
Shoichiro Toyoda Height, Weight & Measurements
At 97 years old, Shoichiro Toyoda height not available right now. We will update Shoichiro Toyoda's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
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Height |
Not Available |
Weight |
Not Available |
Body Measurements |
Not Available |
Eye Color |
Not Available |
Hair Color |
Not Available |
Dating & Relationship status
He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.
Family |
Parents |
Not Available |
Wife |
Not Available |
Sibling |
Not Available |
Children |
Akio |
Shoichiro Toyoda Net Worth
His net worth has been growing significantly in 2023-2024. So, how much is Shoichiro Toyoda worth at the age of 97 years old? Shoichiro Toyoda’s income source is mostly from being a successful businessman. He is from Japan. We have estimated Shoichiro Toyoda's net worth, money, salary, income, and assets.
Net Worth in 2024 |
$1 Million - $5 Million |
Salary in 2024 |
Under Review |
Net Worth in 2023 |
Pending |
Salary in 2023 |
Under Review |
House |
Not Available |
Cars |
Not Available |
Source of Income |
businessman |
Shoichiro Toyoda Social Network
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Timeline
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.
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.
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.
In 1955, Toyoda received a PhD in engineering from Tohoku University, after completing his doctoral dissertation on fuel injection.
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".
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.
In 1965, Toyota Motor applied for and was awarded the Deming Prize for successful implementation of Total Quality Management (TQM).
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.
In 1967, Toyoda was promoted to senior managing director, and became executive vice president in 1972.
In 1981, Toyoda moved from Toyota Motor to become president of Toyota Motor Sales.
In 1982, the two organizations merged to form Toyota Motor Corporation, with Toyoda as the new entity's president.
In 1983, Toyoda opened discussions with General Motors to form a joint venture to take over a GM factory in California.
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.
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.
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.
Starting in 1990, Toyoda shifted gears to emphasize contributions to society, rather than corporate social responsibility.
In 1991, Toyota introduced the first wide-body Camry, an example of the growing number of vehicles specifically designed for markets outside Japan.
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.