TOKYO Toyota's chief executive will step down as head of the company his grandfather founded, the automaker said on Thursday (Jan 26), handing over to the leader of its Lexus luxury brand as the Japanese giant struggles to meet the shift to electric vehicles. The 53-year-old chief branding officer and president of Toyota Motor Corp's Lexus brand, Koji Sato,.
Toyota s chief executive will step down as head of the company his grandfather founded, the automaker said on Thursday, handing over to the leader of its Lexus luxury brand as the Japanese giant
The 53-year-old chief branding officer and president of Toyota Motor Corp's Lexus brand, Koji Sato, will take over from April 1 when Akio Toyoda becomes chairman.
Mercedes enters new era with S-Class going electric
Bloomberg
Mercedes-Benz has long billed the S-Class as the pinnacle of luxury and performance for the combustion age. It is now intent on doing the same with an all-electric sibling.
The EQS sedan the German manufacturer unveiled on Thursday boasts market-leading driving range and a luxurious interior rarely found in battery-powered vehicles.
It is meant to usher in a new era for Daimler AG’s main brand, which spent decades designing high-powered combustion rides chauffeuring around captains of industry and heads of state.
A photograph provided by German vehicle manufacturer Mercedes-Benz and taken last month shows an EQS car in Stuttgart, Germany.