Toyota names new CEO, hikes profit forecasts

Toyota has named a new CEO to “accelerate” decision-making, the Japanese auto giant said on Friday as it hiked its profit and sales forecasts for the current fiscal year despite the impact of US tariffs.

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Current finance chief Kenta Kon will take over from chief executive Koji Sato on April I after three years in charge, the firm said.

“This change in roles is intended to accelerate management decision-making in response to changes in the internal and external environment,” Toyota said.