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September 18, 2013

Eiji Toyoda, who helped transform Toyota Motor Corp into the world’s largest carmaker, has died in Japan at the age of 100.

Eiji Toyoda, who helped transform Toyota Motor Corp into the world’s largest carmaker, has died in Japan at the age of 100.

A cousin of the automaker’s founder, Toyoda joined the company in 1936 – fresh from his graduation from a mechanical engineering degree. He went on to serve as president from 1967 to 1981, and then served as chairman until 1994.

He remained an honourary adviser at Toyota right up until his death. He died at a hospital set up by the Toyota City-based company in 1938 for its factory workers.

February 15, 2013

A fifth-generation member of the Ford family has been promoted vice-president of the eponymous US carmaker. Elena Ford is also poised to take the wheel of a new division managing strategy and customer service at Ford dealerships in March.

A fifth-generation member of the Ford family has been promoted vice-president of the eponymous US carmaker. Elena Ford is also poised to take the wheel of a new division managing strategy and customer service at Ford dealerships in March.

April 28, 2012

Ford Motor Company, the US carmaker controlled by the founding Ford family, saw its profits plummet during the first three months of 2012, while three other family businesses have posted strong quarterly results. 

Ford Motor Company, the US carmaker controlled by the founding Ford family, saw its profits plummet during the first three months of 2012, while three other family businesses have posted strong quarterly results.

January 26, 2012

Last year was a tumultuous time for markets on the back of fears of a second recession, but some family businesses look to have weathered 2011 remarkably well, reporting record revenues and profits.

Last year was a tumultuous time for markets on the back of fears of a second recession, but some family businesses look to have weathered 2011 remarkably well, reporting record revenues and profits.

Take for example the Bosch Group, the German car parts supplier controlled by descendants of the founding family. Revenues at the Stuttgart-based family business exceeded €50 billion for the very first time last year, according to preliminary figures released by the company this week.

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