ABOUT THIS COMPANY

ABOUT THIS COMPANY

Toyota takes over

Toyota has been climbing the ranks of the world’s automobile manufacturers since it first began selling cars 70 years ago.  In 2007, this Japanese giant finally reached the apex of its success, surpassing General Motors as the number one largest carmaker in the world.  With Ford and GM struggling for over a decade, the great era of the American car manufacturer seems to have finally come to a screeching halt.  And that’s good news for Toyota Financial Services (TFS), a financial and insurance umbrella for the popular Japanese automaker.  Like its parent company, TFS’ offerings have been growing for over two decades.  In that time, TFS has evolved from a small, eight-person operation to over 3,000 employees and $65 billion in managed assets.  It is the third-largest captive loan operation in the United States after GMAC and Ford Motor Credit and the eighth-largest specialty-financing company in the country.  TFS is the brand name used to market the products and services offered by two divisions: Toyota Motor Credit Corporation (TMCC) and Toyota Motor Insurance Services (TMIS).