Do two high-level defections from Toyota Motor Corp. to Detroit automakers signal a trend?
In less than a month, Toyota lost its highest-ranking American, Jim Press, to Chrysler LLC, and the most promising fast-tracker in its U.S. operations, Jim Farley, to Ford Motor Co.
Officials at the Japanese automaker say the intense recruitment of their executives reflects the company's strong performance in the U.S. market, and they say they have a deep bench of seasoned U.S. executives to fill any empty slots.
But the industry was buzzing with varying interpretations why talented executives were leaving. Farley, general manager of Lexus in North America, resigned Wednesday.
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