Stay updated with breaking news from Toyota chief. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Toyota chief Koji Sato apologized for flawed testing at Toyota Industries Corp., involving certification testing and inspections for diesel engines. The apology came before Chairman Akio Toyoda s announcement of a global vision for Toyota Motor Corp. group. The company acknowledged the need for better communication, education about compliance, and understanding of evolving auto industry technology. The recent scandal raises concerns about oversight and worker pressure to cut corners. Production halt affects 7,000 vehicles monthly in Japan and 36,000 globally, excluding North America, including Land Cruiser and Hilux SUVs. ....
Koji Sato is set to take over as chief executive of Toyota from April 1, the company said. The current chairman Takeshi Uchiyamada will drop his chairman title but remain on the board. ....