According to reports, Okuda Shigeru, the former president of Toyota Motor Corporation and former president of the Japan Federation of Business Organizations, died on August 8, local time, at the age of 93. In 1955, Okuda Takashi joined Toyota Motor Sales Company and became the first “foreign president” in Toyota Motor Company history in 1995. During his tenure, he led the expansion of global production capacity and launched models such as the Prius; later, he was the chairman of Toyota Motor Corporation from 1999 to 2006. In 2002, Okuda Osamu became the first president of the newly merged Japan Economic Federation. After stepping down as a director of Toyota Motor Corporation, Okuda Shigeru served as the president of the Japan Bank for International Cooperation.

According to reports, Okuda Shigeru, the former president of Toyota Motor Corporation and former president of the Japan Federation of Business Organizations, died on August 8, local time, at the age of 93. In 1955, Okuda Takashi joined Toyota Motor Sales Company and became the first “foreign president” in Toyota Motor Company history in 1995. During his tenure, he led the expansion of global production capacity and launched models such as the Prius; later, he was the chairman of Toyota Motor Corporation from 1999 to 2006. In 2002, Okuda Osamu became the first president of the newly merged Japan Economic Federation. After stepping down as a director of Toyota Motor Corporation, Okuda Shigeru served as the president of the Japan Bank for International Cooperation.