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Toyota CEO Akio Toyoda to step aside, become chairman

FILE - Toyota Motor Corp. Chief Executive Akio Toyoda delivers a speech on the stage at the Tokyo Auto Salon, an industry event similar to the world's auto shows on Jan. 13, 2023, in Chiba near Tokyo. Toyota Motor Corp. said Thursday, Jan. 26, 2023, that Toyoda will become chairman. He will be replaced as CEO by the automaker's chief branding officer, Koji Sato. (AP Photo/Eugene Hoshiko, File) FILE - Toyota Motor Corp. Chief Executive Akio Toyoda delivers a speech on the stage at the Tokyo Auto Salon, an industry event similar to the world's auto shows on Jan. 13, 2023, in Chiba near Tokyo. Toyota Motor Corp. said Thursday, Jan. 26, 2023, that Toyoda will become chairman. He will be replaced as CEO by the automaker's chief branding officer, Koji Sato. (AP Photo/Eugene Hoshiko, File)
Toyota CEO Akio Toyoda to step aside, become chairman