Toyota President: Company 'Grasping For Salvation'
"corporate annihilation"??? "dire situation"??? "capitulation to irrelevance or death"??? Toyota?! Unbelievable!
...Toyota at the fourth of five stages on the road to corporate annihilation, and it shows Toyoda is fully aware of the dire situation he was handed when he took the reigns of the company three months ago. The fifth stage is "capitulation to irrelevance or death," which in an automotive context would mean bankruptcy.