Implications for Toyota amid Concerns about Chairman's Position

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Investors and consumers are not significantly concerned about the current issues affecting Toyota, but there is a potential for the situation to deteriorate further. The repeated apologies by Toyota's chairman, Akio Toyoda, have not bode well for the company or the Japanese car industry. The upcoming Toyota AGM on June 18th may shed more light on the impact, raising questions about the possibility of calls for Akio Toyoda to resign. Despite potential erosion of support, it is unlikely that he will be ousted due to the strong presence of friendly shareholders and his significant role in the company as the grandson of the founder.

Chinese electric vehicle makers look like they will survive the latest tariffs the EU announced this week, and UK Labour leader Sir Keir Starmer laid out his party’s manifesto. Plus, Toyota is caught up in a scandal. Will it matter during next week’s shareholder meeting?

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Keir Starmer sets out plans to raise £8.6bn in tax at Labour manifesto launch

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Ethan Plotkin, Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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