Toyota (TM) Vice Chairman Takeshi Uchiyamada, who led the development of the Prius hybrid, is...

|About: Toyota Motor Corporation (TM)|By:, SA News Editor

Toyota (TM) Vice Chairman Takeshi Uchiyamada, who led the development of the Prius hybrid, is reportedly set to replace Fujio Cho as chairman as part of a management reshuffle that's aimed at engendering greater flexibility and improving quality. Company President Akio Toyoda also intends to give less-senior managers more responsibility for day-to-day decisions, leaving executive VPs to focus on strategy, and he wants edgier designs.