Date:10/01/2009 URL: http://www.thehindu.com/2009/01/10/stories/2009011055711600.htm

Business

Founder’s grandson to be Toyota president

TOKYO: Toyota Motor will promote Akio Toyoda, a grandson of its founder, to president in June with a mission to rescue the auto giant from its biggest ever crisis. Toyoda, currently an Executive Vice-President, will replace Katsuaki Watanabe, who is expected to become a Vice-Chairman.