Management Group: Investment and Japanese Automaker

management group: But before it could feel comfortable unveiling those plans, Toyota put in months of work to pledge fresh investment in the United States. ; The technology transfers represent gestures of goodwill to Beijing by the leading Japanese automaker, which wants to step on the accelerator in China as CEO Akio Toyoda told an internal management group, according to the minutes of meetings on March 19 and April 23, according to The Japan Times. Announcing U.S. investment first was a strategy Toyoda felt the company needed to pursue in order to avoid President Donald Trump's wrath, the minutes showed providing a rare window into how it has sought to tread carefully as the United States and China battle for investment, jobs and influence in the global economy. The automaker said it will establish a green-tech research institute with Tsinghua University and provide state-owned BAIC Group's Foton unit with fuel-cell technology for buses. For Toyota to operate globally, we need to strike a fine balance between China and the United States, the March 19 minutes quoted Toyoda as saying. According to the April 23 minutes, the automaker is making what one unnamed senior executive described as a significant move to steer its focus to China a market where it is far behind industry leaders Volkswagen AG and General Motors Co. It's imperative to avoid making enemies. (news.financializer.com). As reported in the news.