Toyota names Lexus chief its new CEO as car industry faces historic shift


Sato, 53, takes on leadership of Toyota at a watershed moment. — Reuters

TOKYO: Toyota Motor Corp made Lexus president Koji Sato chief executive officer, replacing the long-serving Akio Toyoda as the world’s biggest carmaker navigates the auto industry’s once-in-a-generation shift toward electrification and greater automation.

Toyoda, grandson of the Japanese car giant’s founder, became chairman effective April 1, the company said in a statement yesterday.

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Toyota , CEO , Toyoda , EV

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