Toyota Sells Cars to Its Managers

Since there are not enough buyers for Toyota vehicles, managers of the Japanese automaker thought of unifying their forces and buy the company cars to help it to get over the current financial crisis.

According to an article published today on,  a group of  2,200 Toyota middle-level managers will buy the company's cars as a company spokesman said on Wednesday.

"It does not mean everyone in the group, which is essentially a fellowship association, would have to buy new cars," the company spokesman said.

He explained that the managers had a meeting last month when they decided to buy  “in a voluntary effort” the new vehicles for their own personal use. In addition, he claimed that the company had not influenced their decision in any way.

It appears that the decision was taken after Toyota reported its first annual operating loss. The Japanese car manufacturer has already taken extreme measures by laying off employees, reducing production and cutting down costs.

Furthermore, a few modifications in the management board are also going to happen in the future. The Japanese car maker is reportedly preparing to name Akia Toyoda, one of the founder's grandsons as its next president in June. This appointment is meant to increase solidarity among the Toyota workers.

But coming back to generous voluntary efforts, Toyota managers' initiative was not singular. It seems that the government of Hiroshima prefecture in western Japan plans to buy 200 cars from the locally based Mazda Motor Corp.
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