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Toyota Strengthens Manufacturing Organization
PLANO, Texas (November 4, 2019) – As part of its commitment to mobility and helping people find better ways to go places, Toyota Motor North America, Inc. (TMNA) today announced several changes to its organization to further improve unprecedented changes to the automotive landscape.
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Toyota Press Conference at 2019 SEMA Show Celebrates 40 Years of TRD and the return of a legend with the release of the 2020 GR Supra
WHAT: Toyota will hold a press conference at the 2019 Specialty Equipment Market Association (SEMA) Show on Tuesday, November 5, 2019 at 10:00 a.m. PST to honor 40 years of Toyota Racing Development (TRD) and herald the return of the […]
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Toyota Financial Services Offers Payment Relief to Customers Affected by California Wildfires and Texas Tornadoes
PLANO, Texas (October 31, 2019) – Toyota Financial Services (TFS) announced it is offering payment relief options to its customers affected by the recent series of wildfires throughout California, as well as the tornadoes which struck northern Texas earlier this month. This broad outreach includes any Toyota Financial Services (TFS) or Lexus Financial Services (LFS) customer in the designated disaster areas.
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Perfect Weekend Nets Victories for Toyota Drivers
PLANO, Texas (October 28, 2019) –Three Toyota drivers in three races celebrated in victory lane with NASCAR racing in California and Virginia, while POWRi race cancelations resulted in a Toyota driver being crowned champion.
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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.
Read MoreToyota 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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