Salem Radio Network News Monday, March 27, 2023


Toyota CEO Akio Toyoda to step aside, become chairman


( ) -q-26- UNDATED (Correspondent Jeremy House) “motor racing activities.”

Toyota has announced that its CEO and president, Akio Toyoda, will become chairman.

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TAG: Correspondent Jeremy House reporting. The Japanese automaker said the reshuffle was a move to stay abreast of social changes like electrification and becoming a wider “mobility company.”

VERBATIM: The automaker said its chief branding officer Koji Sato will succeed Toyoda. The leadership reshuffle came without any forewarning, but the company had a lively promotional video prepared to highlight Toyoda and Sato’s love for electric vehicles and fast cars. The 53-year old Sato has been managing the Toyota group’s Lexus brand operations and motor racing activities.

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