UPDATED: Mar 13, 2020
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Bloomberg is reporting that Toyota is looking to reorganize its board in its biggest shakeup in over eight years. Toyota currently has 27 members on its board of directors, and the report indicates that at least 10 would be cut from this group in order to allow Toyota to react and make decisions quicker.
This isn’t the first time Toyota has taken such a step. Eight years ago, they cut more than half of the then 58 board members down to the 27 in place today.
These moves are likely linked to the troubles Toyota has experienced with recalls due to the unintended acceleration issues that have been attributed to several nameplates in the Toyota line up.
In contrast to news from Japan, General Motors has announced that its Chevrolet brand claimed the top spot in United States sales in January with a total of 125,389 vehicles sold.
“We are encouraged to see Chevrolet’s momentum in 2010 carryover to the new year,” said Alan Batey, vice president, Chevrolet Sales and Service. “Because of our great products, more customers chose Chevrolet in January than any other brand in the United States. In fact, Chevrolet edged out Ford by almost 4,000 vehicles and outsold Toyota by more than 25,500.”
Two of Chevrolet’s models appeared on the top 10 best selling cars in January list: the Chevrolet Silverado and the Chevrolet Impala. Toyota also placed two cars on that list as well: The Toyota Corolla and the Toyota Camry.