Saturday, October 05, 2024
“My job is to steer the way for where the overall group should go,” Akio Toyoda said. Japanese transport authorities have raided a Toyota group plant amidst allegations of engine test cheating. This comes as Toyota claims the world's top automaker spot in 2023 with 11.2 million sales but faces reputation damage. Toyota's Kei car division is accused of crash test manipulation, and diesel engines face scrutiny for irregularities. Chairman Akio Toyoda apologizes and emphasizes the company's commitment to quality.
Akio Toyoda, Chairman of Toyota, reiterates his skepticism about electric cars, predicting a market share capped at 30%. Despite Norway and Sweden's success with EVs, Toyoda remains a vocal critic, advocating for a focus on hybrid and hydrogen technologies, especially in regions lacking electricity access.
