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Fortune
Fortune
Nicholas Gordon

Toyota’s board chair loses support from U.S. funds like CalPERS over slow embrace of EVs

(Credit: Yoshikazu Tsuno—Gamma-Rapho via Getty Images)

One of the titans of corporate Japan is facing unhappy shareholders.

Toyota Motor Corporation's current board chairman, Akio Toyoda, served as president and CEO for almost 14 years, only stepping down earlier this year. Under Toyoda’s leadership, Toyota rose to be the world’s largest automaker, first achieving that status in 2020. 

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