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Jesse Colwell Secures POWRi Championship for Toyota
PLANO, Texas (October 25, 2019) – What a difference a year makes. This time last year, Jesse Colwell was one of more than 60 aspiring drivers from across the nation competing in the Keith Kunz Motorsports (KKM) Giveback Classic presented by TRD (Toyota Racing Development). Now, Colwell is officially a POWRi champion after the season-finale events at Oklahoma’s Creek County Speedway were cancelled.
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Toyota Motor Credit Corporation (TMCC) Issues its First Secured Overnight Financing Rate (SOFR) Medium-Term Note Transaction
PLANO, Texas (October 24, 2019) – Toyota Motor Credit Corporation (TMCC) has issued its first Secured Overnight Financing Rate (SOFR) medium-term note (MTN) transaction, demonstrating the company’s commitment to innovation, and advancing its reputation as an industry leader. The one-year USD-denominated issuance settled on October 22, 2019, and raised $1.55 billion from institutional investors. This represents the company’s first SOFR-linked MTN transaction in the USD market, and the first time a captive auto finance company has issued a floating-rate MTN based on SOFR. The London Interbank Offered Rate (LIBOR) is scheduled to discontinue after 2021, and many companies are looking to SOFR as an alternative reference rate to price U.S. dollar loans and derivatives.
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Toyota Drivers Victorious Across Multiple Series
PLANO, Texas (October 21, 2019) – Toyota drivers won in NASCAR, ARCA, Formula DRIFT, USAC and POWRi over the weekend to extend their championship runs, and Christian Eckes captured the ARCA Menards Series title with a victory on Friday.
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Toyota Driver Christian Eckes Wins ARCA Menards Series Championship
KANSAS CITY, Kan. (October 19, 2019) – Toyota Racing development driver Christian Eckes captured his first ARCA Menards Series championship after winning the season finale event at Kansas Speedway on Friday evening.
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Toyota Announces new AI Automated “LQ” Concept
TOYOTA CITY, Japan (Oct. 11, 2019) ―Toyota Motor Corporation (Toyota) today announced the LQ, a concept vehicle that leverages advanced technology to build an emotional bond between car and driver. The next generation of the Toyota Concept-i, a concept vehicle […]
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Coupe-Inspired Design Modernizes All-New 2021 Toyota Mirai Sedan Concept
PLANO, Texas (October 10, 2019) – Toyota put the auto industry on the road to electrification in 1997 with the first Prius hybrid. Then, in 2015, it debuted the Mirai, the first production hydrogen fuel-cell electric vehicle (FCEV) offered for sale to retail customers in North America (Mirai means “future” in Japanese). Now, Toyota has revealed the second-generation Mirai, rebooted as a premium sedan with cutting-edge design, technology and driving performance.
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