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Toyota CEO Appointed Head of EV Division, Toyota EV Due by 2020
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- Akio Toyoda, who is the head honcho of Japan's biggest automaker, happens to be a motorsport enthusiast.He once took a Lexus LF-A prototype racer to the 24h Nurburgring.Be that as it may, Akio isn't clueless as to what the automotive industry is heading toward.
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Toyota Motor Heats Up Competition with Tesla Motors Inc (TSLA) By Placing CEO in Charge of EV Program
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- The battle for the smartest electric car is about to get serious as the world's largest car seller, Toyota Motor Corp. is planning to launch its own electric cars.The Japanese car giant has appointed a head for its electric car program, and he is no other than the chief executive himself, Akio Toyoda.He also happens to be the grandson of Kichiro Toyoda, the founder of Toyota Motor Corp.
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Toyota CEO will directly oversee newly-formed EV unit
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- Toyota CEO Akio Toyoda and other top executives will directly oversee the company's newly-formed EV unit The company recently formed a skunkworks team to bring an electric vehicle to market, but an official statement claimed the initiative was staffed by just four workers.The quartet is said to include single individuals from Toyota Motor and Toyota Industries, along with representatives from suppliers Aisin Seiki and Denso.The initial statements suggested the division may have been exploring electric powertrains as a potential hedge against hydrogen technology and hybrids, however the leadership choices point to a more serious commitment to launching battery-powered vehicles."By putting the president and vice presidents in charge of the department, we plan to speed up development of electric cars," a Toyota spokesperson said in a statement to Reuters .
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