Shareholders of Toyota voted down an unprecedented resolution on its automaker's climate lobbying and backed its board at an annual general meeting (AGM) on Wednesday, sending an endorsement of the Japanese automaker's strategy.
voted down an unprecedented resolution on its automaker's climate lobbying and backed its board at an annual general meeting on Wednesday, sending an endorsement of the Japanese automaker's strategy.
Shareholders also voted in favour of all 10 members of the board. That vote, and particularly support for Chairman Akio Toyoda, has been in focus after some major U.S. pension funds said they would not vote for Toyoda, citing concerns about board independence.
"Toyota's announcement yesterday about the solid-state batteries roll-out by 2027 sent the shares up 5%. That's really impressive, 5%."
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