Toyota President set to unveil new vision

Toyota Motor Corp., which traditionally gets a majority of its profit in the United States, will outline a strategy for growth in emerging markets in a 10-year plan the automaker is set to release this week, two sources said.

Toyota also aims to cut two vice chairman positions and shrink its board to 17 or fewer members from 27 as part of the biggest management shakeup in eight years, said the sources, who declined to be identified as the information is private.

President Akio Toyoda will present Toyota’s "Global Vision 2020" plan on Wednesday to help boost sales after record recalls contributed to the world’s largest carmaker becoming the only major to post falling deliveries in the U.S. last year.

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