Latest Developments at Toyota

Toyota has recently been in the spotlight due to a series of significant developments The company admitted to having cheated on safety tests for several decades, sparking a major scandal about its practices Amidst this controversy, Akio Toyoda, the grandson of the founder of Toyota and the current chairman, was subjected to a scrutiny from shareholders during their latest meeting. Despite the controversy over the safety test misconduct and governance questions, Toyoda successfully received approval from the shareholders to retain his leadership position In other news, Toyota is also collaborating with Pepco to explore vehicle-to-grid technology in Maryland, looking to innovate further in the electric vehicle sector.