Toyota CEO Akio Toyoda to step aside and become chairman

Toyota CEO Akio Toyoda to step aside and become chairman
Toyota chief executive Akio Toyoda delivers a speech at the Tokyo Auto Salon (Eugene Hoshiko/AP)

Toyota’s chief executive officer and president, Akio Toyodo, will become its chairman.

He will be replaced as CEO by the car maker’s chief branding officer Koji Sato.

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