TOP 100 RACING SITES
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| Gordon back on his game with steady start to 2009 season Jeff Gordon is back in familiar territory, atop NASCAR's Sprint Cup point standings. If that's odd, it's only because the four-time ... rssfeeds.usatoday.com |
Toyota Set For Major Shakeup Toyota is planning a sweeping management overhaul next month when Akio Toyoda, grandson of the Japanese car company's founder, takes over as president, the Financial Times reported on its Web site on Thursday.The company, says the report, will replace 40 percent of its senior managers, and will change a good deal of the North American business, the newspaper said.Toyota already plans to bring back a former senior executive, Yoshimi Inaba, to lead its U.S. operations after he had left the company in 2007 to run an airport in Nagoya, near Toyota's headquarters.His appointment comes as Toyota has struggled to make the most of a North American unit it established a few years ago to bring sales and manufacturing operations there closer together.Toyota’s North American ranks have also been depleted in the last two years with departures of key executives who can lay claim to being major contributors to some of Toyota’s best years in the U.S.: James Press who left to become vice chairman of Chrysler, Jim Farley who left to become chief global marketing executive at Ford and Deborah Wahl-Myer, who left to join Chrysler as well.Several N. American executives are expected to be replaced, though Toyota does not have a big history of recruiting senior executives from outside the company.The changes could go so far as to impact Toyota’s advertising assignments. The company has been with Saatchi & Saatchi for decades. And it has had its Lexus brand assignment with Saatchi & Saatchi owned Team One since its launch in the U.S. in 1989. But the company, say industry sources, is already entertaining new possibilities for its Lexus account, such as the U.S. arm of Dentsu, which handles Toyota advertising in Japan.Last Friday, Toyota reported the first operating loss in its 71-year history. Stung by the global meltdown, Toyota slumped to an operating loss of ¥461.0 billion, ($4.74 billion) in the fiscal year that ended March 31.Departing Toyota President Katsuaki Watanabe warned the automaker faces even worse losses this year despite a campaign to slash $8.22 billion in costs. rss.businessweek.com |
Capps conquers slump, regains NHRA Funny Car points lead Any driver who has seen racing fortunes change the way Ron Capps has knows better than to get too high or low about things at ... rssfeeds.usatoday.com |
Drivers say delayed caution flag led to unsafe situation Sprint Cup drivers accepted NASCAR's rationale for the timing of a final-lap caution during Sunday's race in New Hampshire, but ... rssfeeds.usatoday.com |
Andretti signs Hunter-Reay to drive fourth car in IndyCar Series Michael Andretti's IndyCar team has signed Ryan Hunter-Reay to drive a limited schedule in 2010 with the hope of making it a ... rssfeeds.usatoday.com |