Toyota's Abrupt CEO Switch Signals Big Spending To Keep Up With AI And Chinese Rivals

Three years ago, Koji Sato, a mechanical engineer by training, was tapped for the role of Toyota Motor Corporation ( TM ) President/CEO, replacing Akio Toyoda, grandson of the automaker’s founder. Sato had been leader of the Lexus brand and Toyota’sI am a journalist based in Detroit, having spent almost my entire career writing about business and economic subjects for The Wall Street Journal, New York Times, Detroit Free Press and Bloomberg. I'm the author of two books and am an acknowledged expert on the w ...