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Toyota names new CEO as Tesla-led EV shift threatens its dominance

Koji Sato, head of Lexus, will take over as chief executive officer

Bloomberg News

Toyota Motor Corp. will elevate the head of Lexus to replace long-time CEO Akio Toyoda, who steered his grandfather’s carmaker to the top of the automotive ranks while leaving a lane open for Tesla Inc. to lead in fully electric vehicles. Koji Sato, Toyota’s chief branding officer and head of its luxury-car division, will take […]

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