Toyota eyes EV strategy overhaul under new leadership - report
ollo/iStock Unreleased via Getty Images                 Newly-minted Toyota Motor Corporation (NYSE:TM) CEO Koji Sato is expected to announce a newÂ battery electric vehicle program on Friday, per a report on Thursday

Citin four people familiar with the matter, Reuters reports that Sato is planning to announce a new EV architecture under consideration. The sources added that the Japanese automaker plans to take pages out of American EV leader Teslaâs (TSLA) book in terms of reducing costs and maintaining high margins for BEVs.Â 
Further details are expected in a formal briefing on Friday.
Read more on events scheduled for Fridayâs US market holiday.