Akio Toyoda set to remain a force at Toyota, even as he bows out as CEO

Market reaction to Toyoda's announcement was muted - the automaker's stock price was little changed on Friday

Akio Toyoda

Akio Toyoda (Photo: Reuters)

Toyota Motor Corp chief Akio Toyoda is set to remain a dominant force inside the world's largest automaker for years to come, and will continue to influence the agenda after stepping down in April, experts and people familiar with the firm said.
The 66-year-old Toyoda on Thursday announced he would step aside as leader of the company his grandfather founded from April 1 to take the role of chairman. He will hand over to Koji Sato, the 53-year-old head of Toyota's luxury Lexus brand.
In recent years Toyota has become a target of activists and green investors who had once heralded its hybrid technology, but who now slate its belated embrace of electric vehicles (EVs).

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)


Also Read

Toyota Motor Corp's CEO Akio Toyoda to step aside, become chairman

Toyota profit to rise but eyes will be on its supply chain, EV strategy

Lexus chief executive to take over Toyota as founder's grandson quits

Toyota Kirloskar says sales up 17.12% in Aug, cites 'unprecedented orders'

Automakers decrease production of CNG vehicles as natural gas prices rise

Lexus chief executive to take over Toyota as founder's grandson quits

Tesla logs record profit in fourth quarter, warns of uncertainties

Microsoft-owned GitHub crosses 100 mn developers, over 10 mn in India alone

Cognizant announces new services agreement worth $1 bn with CoreLogic

Card spending slows, hurting revenue growth amid inflation, says Mastercard

First Published: Jan 27 2023 | 11:30 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to