Toyota Financial Services (TFS) Issues Auto Industry’s First-Ever Asset-Backed Green Bond

March 24, 2014 by · Leave a Comment 

TORRANCE, Calif., (March 24, 2014)

Toyota’s Earth-Friendly Campaign Raises Lots of ‘Green’ for Boys & Girls Clubs of America

November 19, 2013 by · Leave a Comment 

TORRANCE, Calif.,November 18, 2013 – Toyota Financial Services (TFS) / Lexus Financial Services (LFS) is kicking off its third annual “GoGreen” campaign, encouraging customers to sign up for paperless billing statements; allowing them to receive monthly emails when their bill is due, rather than traditional paper statements sent through the mail.

Toyota Financial Services Offers Payment Relief to Customers Affected by Federal Government Shutdown

October 15, 2013 by · Leave a Comment 

TORRANCE, Calif.,

Toyota Financial Services (TFS) Issues New Diversity & Inclusion Bond

September 20, 2013 by · Leave a Comment 

TORRANCE, Calif.,September 19, 2013 – Toyota Financial Services (TFS) is issuing a new Diversity & Inclusion Bond, a key component of the company's comprehensive funding program. TFS issued its first Diversity & Inclusion Bond in January 2013 to positive response from investors, banks, and other issuers.

Toyota Financial Services Expands Student Scholarship Program to $1 Million

August 13, 2013 by · Leave a Comment 

Torrance, Calif., August 13, 2013

Toyota Financial Services President & CEO George Borst to Retire, Mike Groff to be Appointed New Company President & CEO

July 30, 2013 by · Leave a Comment 

TORRANCE, Calif., July 29, 2013 – Toyota Financial Services (TFS) announced today that George Borst , the company’s U.S. leader of 16 years will be retiring effective September 30, 2013, after which he will assume the role of Executive Advisor until the end of calendar year 2014. Appointed to replace Borst is Mike Groff , currently Senior Vice President, Sales, Marketing & Product Development at TFS.

Toyota Financial Services (TFS) Launches Diversity & Inclusion Bond

February 25, 2013 by · Leave a Comment 

TORRANCE, Calif., January 18, 2013 –

Toyota profits up 23% on high US sales, despite mounting legal costs

Toyota profits up 23% on high US sales, despite mounting legal costs

February 6, 2013 by · Leave a Comment 

Filed under: Japan , Lexus , Scion , Toyota , Earnings/Financials Toyota earned $9.3 billion in net income in the financial year that ends next month. The number beats earlier forecasts and marks a five-year high for the automaker, with both operating income and revenue up by 9.5 percent and 2.5 percent, respectively. Toyota saw quarterly profit enjoy a year-on-year jump of 23.4 percent, with the manufacturer earning more than $1 billion between October and December 2012. The good news comes in spite of the fact that the Japanese automaker actually endured an operating loss in North America, due in part to legal fees. Toyota is set to pay more than $1 billion to owners who claim their vehicles decreased in value as a result of the company’s recent spate of recalls. Even so, all three of the automaker’s brands enjoyed a 13.5 percent sales increase in the US in the last quarter, beating the industry average. Toyota faltered in Europe, however, where it earned $99 million in operating profit last year, compared to $111 million in 2011. You can take a closer look at the company’s full press release below for more information. Continue reading Toyota profits up 23% on high US sales, despite mounting legal costs Toyota profits up 23% on high US sales, despite mounting legal costs originally appeared on Autoblog on Tue, 05 Feb 2013 18:01:00 EST. Please see our terms for use of feeds .

Toyota Financial Services Announces Promotions of Six Senior Executives

December 12, 2012 by · Leave a Comment 

TORRANCE, Calif., Dec. 12, 2012 –Toyota Financial Services (TFS) has announced the promotions of six senior executives.

Subprime financing on the rise in new car sales, leasing too

Subprime financing on the rise in new car sales, leasing too

December 8, 2012 by · Leave a Comment 

Filed under: Car Buying , Chevrolet , Ford , Mitsubishi , Toyota , Volvo , Earnings/Financials We all remember the financial crisis that began several years back. At its core was a splurge of subprime lending for housing loans. The housing bubble burst, triggering a collapse of the mortgage-backed securities market. Apparently, those types of loans still exist in the automotive industry, and the market share for these types of “nonprime, subprime, and deep subprime,” loans has grown 13.6 percent compared to the third quarter a year ago. According to an Automotive News report, high-risk lending expanded to 24.8 percent of total loans in Q3, up from 21.9 percent for this time last year. As this level increased, average credit scores of borrowers dropped to 755, down from 763 a year ago. In that time, the average financing amount increased $90 per vehicle, to $25,963. At 818, Volvo maintains the highest per-owner credit score, while Mitsubishi has the lowest, at 694. The highest rate of borrowers was at Toyota , with 14 percent of the market, followed by Ford with 13.1 percent and Chevrolet at 11.1. Part of the growth in lending is the willingness to offer longer-term loans.

Next Page »

Tweeter button Facebook button Youtube button