New Branding for Toyota Financial Services Companies
21 December 1999
New Branding for Toyota Financial Services CompaniesTORRANCE, Calif., Dec. 21 -- Toyota Motor Credit Corporation and Toyota Motor Insurance Services, Inc. announced today the creation of a new unified brand identity, Toyota Financial Services (TFS). Toyota Financial Services is a service mark that will act as an umbrella for marketing both companies' products. Toyota Motor Credit Corporation (TMCC) and Toyota Motor Insurance Services, Inc. (TMIS) are not forming a new company but will remain legally distinct companies. "Our goal is for Toyota Financial Services to be the name that comes to customers' minds when they have need for reliable and high quality finance and insurance products," said George Borst, senior vice president and general manager of TFS. "We provide such a comprehensive array of services, we felt it necessary to create a new brand name to describe what the company offers." A new branding strategy for Toyota Financial Services will insure that TFS will be easily recognized by customers and dealers as their one-stop source for finance and insurance products. Starting in December, the Toyota Financial Services name will start to replace TMCC and TMIS in consumer advertising and printed materials. The new logo incorporates the Toyota mark and helps TFS build upon the Toyota reputation for quality and financial strength. The new name will help dealers present finance and insurance products to customers with one strong brand. The TFS brand is intended to improve customer loyalty by contributing to a more consistent, convenient and satisfying customer experience. About TMCC and TMIS Toyota Motor Credit Corporation (TMCC) is the fourth-largest captive finance company in the automotive industry in the U.S. [according to SNL Securities' annual listing] with over $24 billion in assets as of September 1999. The organization provides auto loans and leases to more than 1.2 million Toyota and Lexus customers. TMCC is a wholly owned subsidiary of Toyota Motor Sales, USA, Inc. (TMS) the sales, marketing and distribution arm of Toyota in the United States. Toyota Motor Insurance Services, Inc. (TMIS) provides Toyota and Lexus dealerships with a full lineup of factory-backed insurance services products designed to enhance customers' ownership experience. TMIS has over 1.7 million contracts in force and is an indirect subsidiary of TMS. Toyota has been selling cars in the U.S. since 1957 and manufacturing vehicles here since 1984. For more information on TMCC and TMIS products visit http://www.Toyota.com/Finance and http://www.Toyota.com/Insurance.