pFiled under: a href="http://www.autoblog.com/category/hirings-firings/" rel="tag"Hirings/Firings/Layoffs/a, a href="http://www.autoblog.com/category/japan/" rel="tag"Japan/a, a href="http://www.autoblog.com/category/toyota/" rel="tag"Toyota/a, a href="http://www.autoblog.com/category/earnings-financials/" rel="tag"Earnings/Financials/a/pa href="www.autonews.com/apps/pbcs.dll/article?AID=/20090515/ANE02/305149864"img vspace="4" hspace="4" border="1" src="http://www.blogcdn.com/www.autoblog.com/media/2009/05/53153638-580op.jpg" alt="" //abr /br /In an effort to slow the crash, Toyota Motor Corp. is undertaking a massive overhaul and management reorganization next month when Akio Toyoda takes over as president. Toyoda, the grandson of Toyota's founder, will be officially appointed on June 23 at the annual shareholder's meeting. With the new president in place, the emFinancial Times/em is reporting that the company will replace 40% of its senior managers and bring back Yoshimi Inaba, a former senior executive, to lead U.S. operations.br /br /While the Japanese automaker is reportedly working on slashing costs by $8.22 billion, it a href="http://www.autoblog.com/2009/05/08/toyota-hammered-with-7-7b-loss-in-q1/"reported the first operating cost in its 71-year history last week/a. As further evidence of the company's struggle in today's marketplace, Toyota's net loss of $7.87 billion in the latest quarter exceeding even a href="http://www.autoblog.com/2009/05/07/gm-posts-6b-loss-in-q1-burns-through-10b/"GM's net loss of $5.97 billion/a during the same period.br /br /[Source: a href="http://www.autonews.com/apps/pbcs.dll/article?AID=/20090515/ANE02/305149864"Automotive News/a - Sub. Req. | Source Image: Kazuhiro Nogi/AFP/Getty Images]p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"a href="http://www.autoblog.com/2009/05/15/toyotas-drastic-overhaul-to-replace-40-of-management/"Toyota's drastic overhaul to reportedly replace 40% of management/a originally appeared on a href="http://www.autoblog.com"Autoblog/a on Fri, 15 May 2009 16:27:00 EST. Please see our a href="http://www.weblogsinc.com/feed-terms/"terms for use of feeds/a./ph6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"/h6a href="http://www.autoblog.com/2009/05/15/toyotas-drastic-overhaul-to-replace-40-of-management/" rel="bookmark" title="Permanent link to this entry"Permalink/anbsp;|nbsp;a href="http://www.autoblog.com/forward/1547273/" title="Send this entry to a friend via email"Email this/anbsp;|nbsp;a href="http://www.autoblog.com/2009/05/15/toyotas-drastic-overhaul-to-replace-40-of-management/#comments" title="View reader comments on this entry"Comments/apa href="http://feedads.g.doubleclick.net/~at/U4jXfz5yLbxl4gPA24l4qDG0-4w/0/da"img src="http://feedads.g.doubleclick.net/~at/U4jXfz5yLbxl4gPA24l4qDG0-4w/0/di" border="0" ismap="true"/img/abr/a href="http://feedads.g.doubleclick.net/~at/U4jXfz5yLbxl4gPA24l4qDG0-4w/1/da"img src="http://feedads.g.doubleclick.net/~at/U4jXfz5yLbxl4gPA24l4qDG0-4w/1/di" border="0" ismap="true"/img/a/pdiv class="feedflare"a href="http://feeds2.feedburner.com/~ff/weblogsinc/autoblog?a=fvKVUZJ3NVI:JHaudhd_Bts:wF9xT3WuBAs"img src="http://feeds2.feedburner.com/~ff/weblogsinc/autoblog?i=fvKVUZJ3NVI:JHaudhd_Bts:wF9xT3WuBAs" border="0"/img/a a href="http://feeds2.feedburner.com/~ff/weblogsinc/autoblog?a=fvKVUZJ3NVI:JHaudhd_Bts:V_sGLiPBpWU"img src="http://feeds2.feedburner.com/~ff/weblogsinc/autoblog?i=fvKVUZJ3NVI:JHaudhd_Bts:V_sGLiPBpWU" border="0"/img/a/divimg src="http://feeds2.feedburner.com/~r/weblogsinc/autoblog/~4/fvKVUZJ3NVI" height="1" width="1"/

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