Toyota boss bows out on news outlet he trusts - his own

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Toyota boss bows out on news outlet he trusts - his own
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When the head of Toyota announced on Thursday he would step down as CEO, Akio Toyoda opted for the news outlet he sees as the fairest source of information on the automaker's environmental record: his own.

Toyota Motor Corporation President Akio Toyoda speaks at a briefing on the company's strategies on battery EVs in Tokyo, Japan December 14, 2021. REUTERS/Kim Kyung-Hoonannounced on Thursday he would step down as CEO, Akio Toyoda opted for the news outlet he sees as the fairest source of information on the automaker's environmental record: his own.

The carmaker's approach has not been "understood or appreciated by those who focus on the short term", Toyoda said in a swipe at critics, before eventually turning to Lexus boss Koji Sato who will take the reins from him from April 1. It estimates a billion people don't have access to electricity to power vehicles, and is committed to selling globally.

After almost an hour of scripted presentations and banter, the Toyota Times host turned to questions from reporters. He also traced his distrust of the media to the critical coverage he faced during a vehicle recall crisis that began in 2009, just when he was taking over.

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