Dec 24 Toyota Motor Corp said on
Saturday that a new chief executive officer will lead its Brazil
operations beginning Jan. 2.
The Japanese carmaker said Rafael Chang would take over the
company's largest South American operation. He will replace Koji
Kondo, whom the company praised as leading Toyota through
difficult years as demand for autos in Brazil has fallen by half
in the last four years.
Toyota, Brazil's fifth-largest automaker by units sold, said
Chang, after a stint of leading the carmaker's operations in
Venezuela, would help the company expand even more quickly.
Toyota had 4.3 percent of Brazil's passenger car market in
2014. Its share is now at 8.8 percent, the company said.
(Reporting by Brad Brooks; Editing by Dan Grebler)