Toyota: Change at the Top Looks Closer

More news on the possible replacement of Toyota chief Katsuaki Watanabe with Akio Toyoda, grandson of the company’s founder. Today’s Nikkei newspaper reckons Toyoda’s appointment could be decided as early as Monday, a national holiday in Japan. According to the report, after gaining shareholder approval next June, Toyoda will take over at the top while Watanabe will become Vice-Chairman. Former President Fujio Cho will stay on as Chairman.

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