Peer-to-Peer Carshare Launches With Focus on Luxury

Ryde Inc., a new peer-to-peer carsharing startup, launched its service last week with an emphasis on luxury vehicles, to distinguish itself among a growing mobility marketplace, Founder and Chief Executive Thanura Yapa told Auto Finance News. Luxury car owners can register their vehicles into Ryde’s fleet for others to pick up and rent. In the next […]
  • Emma Sandler
  • January 17, 2018
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Vehicle Sales Fall for First Time in 7 Years

The sales downturn that lenders have been anticipating for some time has arrived. Manufacturers on Wednesday reported a decline of about 1.8 percent in 2017 new vehicle sales, to 17.2 million cars and light trucks, following a seven-year streak of growth. U.S. auto sales for 2018 are further forecasted to drop to 16.5 million units, according […]
  • Emma Sandler
  • January 4, 2018
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Toyota Establishes New Mobility Service Unit

Toyota Motor Corp. will merge its subsidiary Toyota Fleet Leasing Co. Ltd. with its second-tier subsidiary Toyota Tokyo Rental & Leasing Co. Ltd. to establish a new company — Toyota Mobility Service Co. Ltd. — on April 1, 2018, the company announced yesterday. Specific initiatives of Toyota Mobility Service Co. include collaborating with Toyota’s in-house […]
  • Emma Sandler
  • December 22, 2017
  • 2

Toyota Promotes 2 Executives in Risk, Treasury

Toyota Motor Co. announced Friday that Scott Cooke and Cindy Wang have been promoted to new positions within Toyota Financial Services, effective Jan. 1. Cooke was named group vice president and chief risk officer while Wang takes the title of group vice president of treasury. Since joining Toyota in 2003, Scott has held a number […]
  • William Hoffman
  • December 11, 2017
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10 VC Firms Investing in the Mobility of the Future

Behind every startup funding round there’s an eager venture capital firm waiting for its investment to mature. By some accounts, the mobility industry will be worth $3 trillion dollars across the various connected, shared, autonomous vehicle space as it continues to evolve and grow. With that in mind, Auto Finance News rounded up the top […]
  • Emma Sandler
  • October 2, 2017
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EY’s New Blockchain System to Allow Shared-Ownership of Vehicles

Accounting and consulting firm EY, part of Ernst & Young Global Ltd., is launching a blockchain-based system that will allow both companies and groups of individuals to more easily share ownership of vehicles and access to cars and trucks. At its heart, blockchain is a distributed decentralized database technology that maintains a growing list of transactions, […]
  • Emma Sandler
  • September 11, 2017
  • 1

Toyota Financial Collaborates With Ride-Hail Service Grab

Toyota Financial Services — along with Toyota Motor Corp. and Aioi Nissay Dowa Insurance Co. — are forming a collaboration with Southeast Asia ride-hailing giant, Grab, the companies announced today. The collaboration involves the Connected Company, a Toyota Motor in-house company, that has developed a data-transmission device that captures driving patterns and deliver telematics services like […]
  • Emma Sandler
  • August 30, 2017
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Nearly Half of Toyota Financial Team to Move to Texas This Summer

PLANO, Texas — About 400 Toyota Financial Services employees are still making the move to the manufacturer’s new Texas headquarters from Torrance, Calif., with July and August serving as the “biggest moving months,” Julia Wada, TFS group vice president of HR and real estate, told Auto Finance News. About 500 employees — new hires and relocated staff […]
  • Natalie Mattila
  • July 19, 2017
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Toyota Opens $1 Billion Texas Headquarters

PLANO, Texas — After three years of planning and construction, Toyota Motor North America Inc. celebrated the grand opening of its new centralized headquarters in Plano Texas on Thursday. The new facility, which brings the OEM and Toyota Financial Services closer together, will not only allow its employees to collaborate and communicate more effectively, but also allow the […]
  • Natalie Mattila
  • July 7, 2017
  • 2

5 OEMs Offer Low-Rate Incentives for Independence Day

With the Fourth of July around the corner, many captives are ramping up finance incentives — including low-rate APR and other special offers — to bolster sales.   Auto Finance News took a look at the current offers in the market. Here are five financing promotions heating up the market: 1. Toyota Motor Corp. Toyota […]
  • Huixin Deng
  • July 3, 2017
  • 1
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