Toyota confirms new management under Akio Toyoda

Newswire

TOYOTA CITY, Japan, June 23 (Reuters) - Toyota Motor Corp confirmed Akio Toyoda as its new president on Tuesday, promoting the grandson of the company's founder to guide the world's No.1 automaker through the worst downturn in its history. Toyoda, 53, and a new management team that includes four new executive vice presidents and eight new board members, will need to hit the ground running with the company facing tanking car sales and a record loss for the year to March. The industry ...

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