Toyota Shareholders Vote Down Climate Resolution: Report

Toyota Motor Corp TM shareholders reportedly have voted down the first resolution in 18 years and supported the board at the annual general meeting (AGM).

The move mirrors an endorsement of the automotive giant a day after it unveiled its electric vehicle technology plan, reported Reuters.

The resolution, put forward by three European asset managers, invoked more transparency and disclosure on climate lobbying.

The investors also supported all the ten board members, with Toyota affirming its board meets Tokyo Stock Exchange governance standards.

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Yesterday, the company listed a variety of new technologies that will support its transformation into a mobility company.

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Price Action: TM shares closed higher by 5.68% at $158.08 on Tuesday.