TOKYO (AP) 鈥� Hiroshi Okuda, the former chief executive of Toyota, who led the Japanese automaker鈥檚 stellar rise in global markets, has died. He was 93.
Company spokeswoman Shino Yamada confirmed Wednesday that Okuda had died but said the date and cause of his death were not immediately available. Major Japanese companies are on summer break this week.
Okuda served as president then chairman of from 1995 through 2006. In his 45-year career at Toyota, Okuda is especially remembered for having led the development of the , introduced in 1997, a model with the fuel-efficient technology that was ground-breaking at that time.
became a symbol of the 鈥檚 push for green driving. Okuda was instrumental in helping drive Toyota鈥檚 reputation for fuel-efficiency at a time when gas prices were already surging, with models such as its bestseller Camry, as well as the hybrids.
Born in central Japan, the area where Toyota has its headquarters, Okuda graduated in 1955 from the prestigious Hitotsubashi University in Tokyo, with a degree in business.
Reputedly outspoken and always ready with a quick laugh, Okuda was unusual in not being from Toyota鈥檚 founding Toyoda family, as the leadership at the world鈥檚 top automaker tended to be.
He was key in leading Toyota鈥檚 global expansion while at the helm, not only in sales, but also production, setting up manufacturing plants in the U.S. and Europe.
Okuda, a black belt in judo, was vocal about his concerns over the possible backlash that Toyota might face, as its growth meant the inevitable dethroning of the American so-called 鈥淏ig Three,鈥� General Motors, Ford and Chrysler, once synonymous for U.S. manufacturing grandeur.
He liked to emphasize how the auto industry was global and connected, using the term 鈥渉armony鈥� to drive home that message.
Toyota and other Japanese automakers like Honda Motor Co. and Nissan Motor Co. were raking in huge profits, while the Americans were sinking into losses. That helped ring in 鈥淛apan-bashing鈥� sentiments starting in the 1980s.
As is still the case today, the cheap yen viewed as giving Toyota and the other Japanese manufacturers an unfair advantage. A cheap yen raises the value of overseas earnings when translated into yen.
Okuda was an adviser on Toyota鈥檚 board when Toyota added an American, Jim Press, to its board for the first time, in 2007.
He was also a proponent of promoting younger managers, when that was still relatively rare in Japanese corporate circles, although that usually meant empowering men in their 50s instead of their 60s.
鈥淎 company must change when things are going well. There鈥檚 no point in trying to change after things start going bad,鈥� he told reporters in 2005.
That emphasis on staying nimble encapsulates Toyota鈥檚 basic principle of constantly improving, known as 鈥渒aizen,鈥� which, along with just-in-time production, centering on the idea of avoiding huge inventory, is at the core of Toyota鈥檚 founding philosophies.
Okuda served as the head of major business lobbies such as the Japan Business Federation, known as Keidanren; the Japan Automobile Manufacturers Association; the Prime Minister鈥檚 Economic Strategy Council of Japan and the Japan Federation of Employers鈥� Associations.
Toyota did not immediately have details on surviving family. Funeral arrangements were being made by the family, and plans may be coming later on a more public formal ceremony, according to the company.
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Yuri Kageyama is on Threads:
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