Hello, Toyota's President Wants to Be Friends With You in China
(Bloomberg) -- Akio Toyoda opened an account on Weibo seeking to win over friends in China, an uncommon social-media presence for the Toyota Motor Corp. boss.
Toyoda, 61, the president and chief executive officer Asia's biggest automaker, got more than 16,000 followers within hours of his post. China is Toyota's third-largest market in terms of volume sales, behind the U.S. and Japan.
“Hello everyone, I'm Akio Toyoda and I've started using Sina Weibo,” read the solo entry on his account, written in Chinese. “Starting today, I hope to become friends with everyone here.” He ended the message with a smiley face.
For Toyoda, who doesn't have a presence on Twitter but has an Instagram account, opening an account on the Chinese micro-blogging service is a departure from the norm for the heads of Japanese automakers including Honda and Nissan. Just as in Japan, the bosses of German carmakers -- Dieter Zetsche at Daimler AG and his Volkswagen AG counterpart Matthias Mueller -- also haven't embraced the 140-character tweet revolution. In the U.S. while Mary Barra of GM has a twitter account, Jim Hackett at Ford doesn't.
A Toyota China spokesman said Toyoda chose to open the Weibo account to communicate with consumers in the country. Weibo is China's biggest micro-blogging service with 340 million monthly active users as of March.
Toyota's sales in China rose 6.2 percent to 732,900 units in the first seven months of this year, the company said Wednesday, on track to beat last year's full-year tally of 1.21 million vehicles.
--With assistance from Yuan Gao
To contact Bloomberg News staff for this story: Tian Ying in Beijing at ytian@bloomberg.net, Lena Lee in Singapore at llee42@bloomberg.net, Yan Zhang in Beijing at yzhang1044@bloomberg.net.
To contact the editor responsible for this story: Anand Krishnamoorthy at anandk@bloomberg.net.
With assistance from Tian Ying, Lena Lee, Yan Zhang
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
-
Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.