LIVE
Just published.
Human review coming soon.
Human review coming soon.
Toyota Finance Chief Becomes New CEO
Koji Sato is stepping down as Toyota's chief executive. Kenta Kon will replace him as the new CEO.
Kon was Toyota's finance chief before this move. This is Toyota's second leadership change in 3 years.
The Japanese car company faces tariffs globally. It also faces growing competition worldwide.
Klear Note — Toyota is the world's largest car company. It faces tariffs on vehicles sold globally and competition from electric car makers.
Key Terms 3
- chief executive
- The top leader who runs a company.
- finance chief
- The leader in charge of a company's money.
- tariffs
- Taxes on goods bought from other countries.