The new president of Toyota Motor Corp. said Thursday he will review his company's aggressive global expansion and focus more on strategies based on each region around the world.
Each of Toyota's five executive vice presidents will be assigned to four regions — Japan, North America, Europe and emerging markets — and overall product development, Akio Toyoda said in his first news conference since officially taking over the world's biggest automaker the day before.
Toyoda, 53, criticized Toyota's past strategy of aggressive growth overseas, referring to it as "growth that is larger than the size of the company."