Reuters exclusively revealed that Toyota Motor Corp’s chief lobbied the Japanese government to make clear it supported hybrid vehicles as much as battery electrics or face losing the auto industry’s support. The lobbying by Akio Toyoda, president of Toyota and chairman of the Japan Automobile Manufacturers Association industry group, comes as the automaker has faced increased scrutiny from green investors who say it has been slow to embrace battery-electric vehicles and pressed governments to slow a transition to them.
Automotive
Reuters reveals after pressure from Toyota chief, Japan emphasized support for hybrids
24 June 2022, 6:03 pm. 1 minute
Article Tags
Topics of Interest: Automotive
Type: Reuters Best
Sectors: Equities
Regions: Asia
Countries: Japan
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
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