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Toyota Celebrates 40 Years Of TRD at 2019 SEMA Show

Toyota Celebrates 40 Years Of TRD at 2019 SEMA Show

PLANO, Texas (November 5, 2019) – Appearing at Toyota’s 2019 Specialty Equipment Market Association (SEMA) Show display, Toyota’s performance and racing division in America, Toyota Racing Development U.S.A., commemorates 40 years of vehicle tuning and competition for the street and […]

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.

Toyota Financial Services Offers Payment Relief to Customers Affected by California Wildfires and Texas Tornadoes

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.

Toyota Motor Credit Corporation (TMCC) Issues its First Secured Overnight Financing Rate (SOFR) Medium-Term Note Transaction

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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