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Koji Sato

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business2 months ago•2 min saved

Toyota Elevates CFO to CEO as Profitability Takes Center Stage

Toyota names CFO Kenta Kon as its new CEO starting April 1, with Koji Sato moving to vice chairman and a newly created Chief Industry Officer role. Kon’s finance-focused leadership comes as the automaker pushes services and partnerships to boost margins amid tariff headwinds and competition, while Sato focuses on manufacturing efficiency and cross-industry collaboration. Toyota recently sold 3% more vehicles globally but posted a 1.9% year-over-year drop in operating profit; it projects about $23.3 billion in operating profit for the fiscal year, a roughly 21% decline from the prior year.

via The Drive|

#business #ceo-transition #kenta-kon

business2 years ago•2 min saved

Toyota faces shareholder backlash over EV strategy.

Toyota shareholders are voting to remove longtime leader Akio Toyoda from the board over the automaker's EV stance, with several investors stating that they have voted or plan to vote. Although newly elected leader Koji Sato has promised to accelerate BEV development, shareholders are still not satisfied with the progress and are protesting against Toyoda's policy of not setting a date to go all-electric. Toyota has made a series of announcements to speed up the rollout, but investors are getting impatient as the trend towards EVs is only expected to accelerate.

via Electrek.co|

#akio-toyoda #business #evs

automotive3 years ago•3 min saved

Toyota's EV Strategy Shifts Under New CEO's Leadership.

Toyota plans to introduce 10 new EV models by 2026 with a goal of 1.5 million in electric vehicle sales. The automaker aims to achieve carbon neutrality over the entire cycle of its vehicles by 2050, with intermittent targets of reducing CO2 emissions by 33% by 2030 and over 50% by 2035. Toyota is also focusing on manufacturing efficiency with autonomous processes to drive down costs. However, the company is sticking to its "multi-pathway approach" including hybrids and fuel cell vehicles.

via Electrek|

#automotive #carbon-neutrality #evs