Toyota announced plans to restructure its board on Tuesday in what it described as an attempt to bring in more diverse views and give a larger roles to auditors.

Toyota Chief Koji Sato has apologized to customers, suppliers and dealers for flawed testing at a group company, which follows similar problems in recent years.

Toyota, Honda, Nissan and other Japanese automakers are serious about rolling out battery electric vehicles to catch up with the world's frontrunners like Tesla and BYD.

Japan’s top automaker Toyota and Idemitsu, a major oil company, say they will cooperate on technology for mass production of solid-state batteries that promise to be a key component in future electric vehicles.

Toyota’s profit for the first fiscal quarter jumped to 1.3 trillion yen, or $9 billion, hitting a quarterly record for Japan’s top automaker.

Toyota’s new president Koji Sato has promised what he called an aggressive shift on “electrification,” while acknowledging criticism that Japan’s top automaker has fallen behind.

Koji Sato, appointed the next president at Japan’s top automaker Toyota, has outlined a management team that he says will lead an aggressive push on electric vehicles.

Toyota Motor Corp. has announced that its CEO and president, Akio Toyoda, will become chairman.