Toyota set up a new leadership team in what the Japanese automaker said was a move to stay abreast of social changes like electrification and becoming a wider “mobility company.”
FILE - Toyota Motor Corp. Chief Executive Akio Toyoda, right, and Koji Sato, Toyota Gazoo Racing Company president, left, pose on the stage at the Tokyo Auto Salon, an industry event similar to the world's auto shows Friday, Jan. 13, 2023, in Chiba near Tokyo. Toyota Motor Corp. has announced Thursday, Jan. 26, 2023, that Toyoda, will become chairman and Sato will succeed him.
“I am going to give it my all,” Sato said. “The new team will lead the shift in the transition to a mobility company to provide the freedom of mobility to all people.” Toyota Motor Corp. announced the leadership reshuffle without any forewarning, but it had a lively promotional video prepared to highlight Toyoda and Sato’s love for electric vehicles and fast cars.
The handover appears to be the company's effort to give the leadership team a younger face, while maintaining the general vision and philosophy of the company, famed for founding “just in time" manufacturing and for quality products.
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