How the Toyota Board Handled the Airbag Crisis

Boardroom Conversations with Fexingo: CEOs, Strategy, and Corporate Leadership Explained · Aug 13, 2026 · 8m · transcript

In Episode 160, Lucas and Luna examine how Toyota's board navigated the sprawling airbag recall that began in 2014, facing millions of vehicles, a global supply chain crisis, and a critical decision about supplier relations. They drill into the board's choice to stand by Takata initially, the eventual shift to diversification, and the governance reforms that followed. The episode explores how a culture of consensus and long-term thinking both helped and hindered the response, and what other boards can learn about managing systemic risk and supplier dependency. Specific numbers and a…