Posts Tagged ‘Toyota’s new mobility company’

Toyota Creates New Mobility Company in Tokyo

Automaker merges two subsidiaries in Japan.

by on Dec.22, 2017

The Toyota FT-AC Concept could potentially be part of the newly formed mobility company.

Toyota Motor Corp. plans to merge two of its wholly owned subsidiaries, Toyota Fleet Leasing Co. Ltd and Toyota Tokyo Rental & Leasing Co., Ltd into a new entity, Toyota Mobility Service Co. in Japan, starting April 1, 2018.

In addition to aiming to strengthen the existing corporate automobile leasing and rental car businesses, Toyota intends to plan and provide new mobility services in anticipation of the increasing demand for mobility services.

Global Auto News!

In its announcement, Toyota was aware of customers’ diversifying needs, which not only includes conventional vehicle ownership, but also the growing need for shared utilization via as car sharing, in which people use things only whenever the service is needed.  (more…)