Toyota named CFO Kenta Kon as CEO in its second leadership change since 2023. Koji Sato shifted to vice chairman as Toyota split industry and management roles.
The Japanese automaker said Chief Financial Officer Kenta Kon will become the new CEO.
Toyota Motor is expected to report a third straight decline in quarterly operating profit on Friday, as rising costs and U.S. import tariffs weigh on earnings despite record global vehicle sales and strong demand for hybrids.
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Toyota is recalling 161,268 vehicles in the U.S. for a problem with the rear-view camera display when the vehicle is in reverse, the National Highway Traffic Safety Administration said on Saturday.
Sales of the company's main Toyota and Lexus-branded vehicles were up 3.7% from the year prior. The growth was buoyed by demand for hybrids in the U.S., such as its Prius and RAV4 models.
The Japanese company cemented its position as the world's top-selling carmaker for 2025.
Toyota Motor sold a record 11.3 million vehicles globally in 2025, the company said on Thursday, retaining its crown as the world's top-selling automaker for a sixth consecutive year.
In the most recent trading session, Toyota Motor Corporation (TM) closed at $218.89, indicating a -2.33% shift from the previous trading day.
Toyota Motor Corporation remains a Buy, supported by robust sales, brand strength, and a unique profit moat despite a challenging auto market. TM's diversified lineup, from reliable commuters to new sports and supercars, enhances brand appeal and drives growth. Toyota outpaces peers with a 9.38% net income margin, resilient U.S. sales growth, and prudent tariff management.
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3.2 million. That's how many vehicles Toyota recalled in 2025 across 15 recalls.