Toyota Shareholders Reelect Chairman But Question Governance
- Carmaker faces questions over strategy, recent probes
- Final vote count tally from meeting to be disclosed Wednesday
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Akio Toyoda was reappointed as Toyota Motor Corp.’s chairman at its annual meeting, but the Japanese carmaker faced tough questions from shareholders over governance and an ongoing probe of vehicle safety certifications.
Stockholders also voted against a motion urging Toyota, the world’s biggest auto manufacturer, to be more transparent about its lobbying activities, namely its pushback in several major markets against electric vehicle mandates and stricter emission regulations.