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Toyota Financial Services President & CEO George Borst to Retire, Mike Groff to be Appointed New Company President & CEO
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.
Read MoreToyota Leads the Charge in Hybrid Technology with Steady Popularity in California
TORRANCE, Calif. (July 29, 2013) – Californians prefer Toyota hybrids over those of any other automaker as the brand continues to outsell its competition. In California, approximately six out of 10 hybrids sold are Toyota hybrids (61 percent market share). Despite tougher competition in the hybrid segment, Toyota’s hybrid leadership remains unmatched.
Read MoreToyota, Nissan, Honda and Mitsubishi Agree to Joint Development of Charging Infrastructure for PHVs, PHEVs and EVs in Japan
TOKYO, Japan (July 29, 2013) — Toyota Motor Corporation, Nissan Motor Co., Ltd., Honda Motor Co., Ltd., and Mitsubishi Motors Corporation jointly announced their agreement to work together to promote the installation of chargers for electricpowered vehicles (PHVs, PHEVs, EVs*) and build a charging network service that offers more convenience to drivers in Japan.
Toyota Invests Again in Indiana, Creating 200 New Jobs
ERLANGER, Ky. (July 26, 2013) –As consumer demand for Toyota’s Highlander continues to grow, the company’s Princeton, Ind., plant is planning to grow with it. Toyota announced today it will increase production of the Highlander mid-size SUV in late 2014 with a $30 million investment in Princeton.
Read MoreToyota ‘Trekker’ Starts Public Testing
It won’t beam you up, but Toyota Motor Corporation’s personal transport unit will get you from point A to B. And now the Winglet is headed to the “streets” – actually public sidewalks – in a real-world test of functionality, convenience and safety. Overall, the trials should help determine how the Winglet supports public mobility, improves the environment and invigorates local communities…in other words how it helps us live long and prosper.
Read MoreToyota Celebrates Latino Business Success at 2013 National Council of La Raza Annual Conference
NEW ORLEANS (July 24, 2013) –Toyota built on its long-term commitment to the U.S. Hispanic community at the 2013 National Council of La Raza (NCLR) Annual Conference in New Orleans this past weekend by celebrating Latina entrepreneurs and giving away a 2014 RAV4 to a deserving attendee.
