[2] Toyota's chief branding officer and president of the Lexus division, Koji Sato, succeeded Toyoda as CEO.

Akio Toyoda was the chief contender for the family business when Katsuaki Watanabe was reassigned as Vice-Chairman in the wake of the quality control crisis.

[3][4] Toyoda completed his undergraduate degree in law at Keio University and was awarded his Masters of Finance at Babson College, Massachusetts.

[19] In the wake of massive global recalls ballooning to 8.5 million vehicles, Toyoda was invited to testify before the U.S. Congress on 17 February 2010,[20] which he accepted.

[22] On 24 February 2010, accompanied by president and COO of Toyota Motor North America, Yoshimi Inaba, Toyoda testified before the House of Representatives' Oversight and Government Reform Committee.

[23] In his comments he is quoted as being "deeply sorry" and highlighted the relations between Toyota vehicles in the United States and Americans for fifty years.

[24] At a press event held on 14 December 2021, Toyota unveiled multiple concept cars with battery electric drivetrains, a sign of faith in the future of the technology.