Never before has the support for a chairman of the board at Toyota been as low as it is now. Akio Toyoda fears he will be fired.
Akio Toyoda does not believe that the electric car is the only solution. But internally at Toyota, support is now crumbling so much that he fears being fired.
If that happens, Toyoda will not be re-elected as Toyota's chairman. The chairman himself writes this in an interview for Toyota's own company newspaper.
Reuters writes that.
Never has a chairman of the board of Toyota had so little support among shareholders, as is the case for Akio Toyoda. And that even though the 68-year-old Japanese actually won re-election to the post as recently as June.
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However, Toyoda believes that he may be completely kicked out of the Toyota top as early as next year. At least if the opposition to him grows.
– If it continues at this rate, I cannot be chairman next year, he says.
According to Reuters, it is mainly foreign investors who see Akio Toyoda as a thing of the past in the car company his grandfather founded in 1937.
Support among foreigners is down to 34 percent. Support for Toyoda has also fallen among Japanese investors. A year ago, support was at 70 percent. At the general meeting in June, it had fallen to 55 percent.
The investors have particularly criticized Toyota for the handling of the scandal it has created, that Toyota has been caught cheating with emissions from its cars.
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