> New Toyota CEO talks EV future, reveals leadship team / 33973HF
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New Toyota CEO talks EV future, reveals leadship team / 33973HF
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"We must drastically change the way we do business," says Toyota's chief executive-designate Koji Sato, as the Japanese carmaker shifts focus to producing electric vehicles.
Sato, 53, is set to officially take charge at the world's top-selling automaker on April 1, replacing third-generation chief executive Akio Toyoda.
Toyota pioneered hybrid cars, but some critics say it has been slow to make the transition to battery-powered engines even as demand has soared for low-emission automobiles.
The company plans to "accelerate" the production of battery electric vehicles, or BEVs, with the goal of developing models for its Lexus brand by 2026. IMAGES AND SOUNDBITES