TOKYO : Toyota Motor Corp chief Akio Toyoda is set to remain a dominant force inside the world's largest automaker for years to come, and will continue to influence the agenda after stepping down in April, experts and people familiar with the firm said.The 66-year-old Toyoda on Thursday announced he would
TOKYO : Toyota Motor Corp chief Akio Toyoda is set to remain a dominant force inside the world's largest automaker for years to come, and will continue to influence the agenda after stepping down in April, experts and people familiar with the firm said.
As U.S. EV maker Tesla Inc stole attention for its innovation, Toyota, and Toyoda himself, often looked out of touch with the zeitgeist as they pressed the case for battery-petrol hybrids and eventually, hydrogen-fuelled cars. "It's likely that he'll remain active as chairman for a long time and continue to put his mark on Toyota."
There is also precedent in Japan for company founders, or their family members, to continue to wield outsized influence over day-to-day management even after becoming chairman. At a news conference on Thursday, broadcast on Toyota's in-house media platform, Toyoda looked fully in control, turning from time to time to offer instruction and reminders to Sato.
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