Toyota Investors Criticize Akio Toyoda s Posture About EVs
May 11, 2021 at 10:01am ET ++ Toyoda warned again against a combustion engine ban in Japan.
Toyota shareholders are worried that Akio Toyoda may harm the company’s future when he criticizes combustion-engined car bans in Japan. The company’s CEO – who is also the head of the JAMA (Japanese Automobile Manufacturers Association) – warned the country could “lose its strengths” if it kept planning to stop sales of these vehicles.
Toyoda said that in a meeting of JAMA and as the head of the association. As some readers warned us, that does not mean he is saying so on behalf of his company but rather in the name of all manufacturers in the association, which is an important difference. He may be defending the companies that cannot make the shift, even if Toyota is preparing for it.
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TORONTO, Dec. 15, 2020 (GLOBE NEWSWIRE) After 36 years of activities focused on improving trade and investment in the automotive sector, as well as strengthening the economic partnership between Canada and Japan, directors and members of the Japanese Automobile Manufacturers Association of Canada (JAMA Canada) have decided that the association has successfully fulfilled its core mandate. Consequently, the office in Toronto will be closing at the end of the current fiscal year – March 31, 2021.
With the successful entry into force of several new trade agreements, including the CPTPP, CETA and the new NAFTA, trade issues are now secondary to more pressing regulatory concerns facing the auto industry, particularly stricter GHG emissions, ZEV mandates and new technology challenges and opportunities in the next generation of sustainable mobility – namely connected, autonomous, shared & electrified vehicles.