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In Japan, where the aging problem is serious, retirement at the age of 66 is relatively normal for ordinary people, and it can even be said to be relatively early, but it is even rarer for corporate executives. Akio Toyoda’s ability to not be greedy for power and position, and to give up corporate management rights to young people is very worthy of people’s admiration. However, in the Japanese auto industry, there is such a tradition. When Honda CEO Takahiro Hachigo stepped down the year before last, he was only in his early 60s.
Such an arrangement may be in response to drastic changes in the electrification of the automotive industry. Although Toyota is the world’s number one car company, its pace of electrification is still slow. A pioneer in electrification. On this issue, Akio Toyoda also bears a lot of responsibility. Perhaps his early resignation is also aware of the seriousness of this issue, and young people need to be more determined to promote Toyota’s transformation.
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