Toyota Appoints New President For Daihatsu As Part Of Management Overhaul

Daihatsu’s parent company Toyota Motor Corp has announced a slew of management changes with firstly the appointment of Masahiro Inoue from its Latin America unit as the new President and removes the current president while relinquishes the Chairman position.

In a press statement released today, the beleaguered unit of the automotive giant said it deeply apologised for the trouble contributed by the division to its customers, suppliers, dealers, and the communities where the plants are located, and stakeholders. Although all plants of Daihatsu Motor Co., Ltd. (Daihatsu) in Japan suspended operations following the announcements made on December 20, the group has been able to resume production and shipments of some vehicles as of yesterday.

The new board will be tasked to overhaul the safety and production process at the company which also supplies OEM models to Malaysia, namely Perodua. The company has also appointed a new Executive Director and reassigned two directors into a non director role.

Toyota said it will determine the concrete form of Daihatsu’s future business and the structure starting from the post of chief officer downward that will promote it. After doing so, it would then set up an opportunity in the new fiscal year to explain Daihatsu’s new structure and management direction.

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