Toyota’s CEO Akio Toyoda is stepping down from his position and assuming the role of chairman after over 13 years in charge, the company announced on Thursday, amid plans to transition to electric vehicles. Toyoda, 66, is the grandson of Toyota’s founder and has led the company since 2009. He will resign on April 1…
Akio Toyoda Resigns as Toyota’s CEO Amid Transition to Electric Vehicles
Toyota CEO Says California’s Ban on Gas-Powered Car Sales ‘Difficult’ to Achieve
September 30, 2022
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California’s plans to ban the sales of gasoline-powered vehicles by 2035 is “difficult” to achieve as it may take longer for battery-electric cars (BEVs) to become mainstream, Toyota’s President Akio Toyoda said. Toyoda said that BEVs will “take longer to become mainstream than the media would like us to believe,” citing its impact on the…
Japan’s Toyota Promises More Electric Models, Investment
December 14, 2021
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Akio ToyodaAsia & PacificBusiness & EconomyBusinesses in COVID-19CompanieseconomyelectricInvestmentJapanMarketsmodelsToyotaWorld
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TOKYO—Japanese automaker Toyota is beefing up its electric vehicle lineup, offering 30 new fully electric models by 2030, its president, Akio Toyoda, said Tuesday. Toyota Motor Corp. plans to sell 3.5 million electric vehicles globally in 2030, he said, up from its earlier plan to sell 2 million zero emission hydrogen and battery electric vehicles…
COVID-19 Impact Could Hit Japanese Automakers’ Output in October
TOKYO—Disruptions to parts and components suppliers caused by the COVID-19 pandemic could force fresh production cuts at Japanese automakers in October, Akio Toyoda, the head of the auto industry lobby group, said on Thursday. Japanese car companies have already had to cut production this month because of difficulties finding semiconductors and other components as the…
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