Report: Toyota to name new president DETROIT — Toyota Motor Corp. plans to promote Fujio Cho to succeed company President Hiroshi Okuda, according to reports in Tokyo. Toyota officials in the U.S. dismiss the reports as speculation. “If a management change took place it would formally take place at the annual shareholders meeting in June in Japan,” a spokesman says. Cho, currently vice president of Japan's largest automaker, once served as president and chief executive of Toyota Motor Mfg. ...

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