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As the world’s second-biggest car manufacturer, with more than 10.7 million cars sold in 2019, Toyota Motor Corp. (NYSE: TM) has a diverse supply chain to support its business operations. The Toyota Touch 2 with Go multimedia system, powered by HERE maps, ensures that accurate 2D and 3D mapping is on-hand, while the system also offers real-time connected services and a range of easily accessible and intuitive apps, all available through the system’s new menus.

We'll help make financing your vehicles easier so you can get back to business. Whether you're looking to finance or lease, we'll be right there to walk you through the process and make sure your business thrives.

The benefits of our Business Solutions Finance Plans¹

Enjoy full-ownership benefits from day one.

• Competitive APRs
• Flexible terms up to 84 months
• Seasonal payment plans (not available in all states)
• Unlimited miles
• No excess wear and use charges
• Eligible new, certified and used Toyota vehicles, and new and used non-Toyota vehicles
• Balloon financing available in limited states

Consider this plan if you expect to use your vehicles for the long term and/or plan to operate them in a way that would exceed limits under a lease.

The benefits of leveraging our Business Solution Lease Plans¹

Make the best use of your cash flow with lower monthly payments through a lease option. New and Toyota Certified Used Vehicles are eligible. We offer two different types of lease plans.

Closed-end lease plan²

Full use of your vehicle without the costs of ownership. It's a standard, closed-end lease with:

• Flexible terms up to 60 months
• Client responsibility for any excess mileage and excess wear and use charges at the end of the lease
• Early termination charges³
• Opportunity to return the vehicle or purchase it for the residual value at the end of the lease

Consider this plan if you plan to replace your vehicles every two to five years and drive fewer than 15,000 miles per year.

Open-end lease plan²

A lease plan free from excessive mileage or usage charges. You'll get:

• A commercial, open-end lease with a Terminal Rental Adjustment Clause (TRAC)
• A projected end-of-term value of vehicle (TRAC value) set at lease inception based on anticipated usage of the vehicle
• Flexible terms up to 60 months
• Options to customize vehicles with specialty equipment and paint
• No mileage restrictions
• No excess wear and use charges at scheduled maturity
• Early termination charges will apply³
• The option to purchase the vehicle at the agreed upon TRAC value, or instruct TFS to sell the vehicle at the end of your lease⁴

Consider this plan if you anticipate high mileage and usage, or if you want to customize your vehicles.

Additional programs and services

We can help you save time and plan for the future with some additional offerings.

Vehicle credit line^5,6

Plan ahead and streamline the process of acquiring future vehicles for your business.

Benefits include:

• Pre-qualification good for 12 months, eliminating the need to go through the entire credit approval process each time you finance an additional vehicle
• Availability on all Business Solutions finance and lease options
• Helps free up cash to invest in other aspects of your business

Consolidated billing statements

Consolidate multiple billing statements into one monthly statement with summary details on individual accounts. Remit just one payment to cover all your accounts. Available on request for business customers with multiple vehicles financed.

Specialized customer service

Professional and knowledgeable customer service consultants will work closely with you getting to know you and your business so they can customize services to your needs. Call (866) 935-3388.

Looking for more?

Here's more information and helpful vehicle and payment protection plans for business owners.

• Vehicle Service Agreements

  Protect yourself from unexpected covered repairs after your vehicle warranty expires. Find the right level of coverage for your needs.

• Guaranteed Auto Protection

  Fill the gap between the insurance settlement and the amount owed on your total loss vehicle.

• Prepaid Maintenance Plans

  Avoid future payments and keep your business fleet protected.

• Excess Wear & Use

  Keep the road ahead smooth and simple with coverage for the end of your lease.

Have questions?

We've heard them all. Here are some common questions and their answers.

• Small to medium-sized businesses doing business as legal entities (e.g. corporation, general partnership, limited partnership, Limited Liability Company or sole proprietorships) are eligible for TFS Business Solutions.

• First you'll download a credit application. Then when you meet with your Toyota dealer you should also bring:

  1. Verification of corporate existence and corporate name. (examples: Copy of fictitious name filing, Articles of Incorporation, Partnership Agreement, Business License, etc.)
  2. Verification of authenticity and authority of signers.Download the Toyota Financial Services' Certified Resolution and Incumbency Certificate
  3. Financial documentation. Typically, you will need to provide financial documentation. This may include tax returns from the two most recent years as well as your most recent personal tax return.

  To find the Toyota dealer nearest you, use use our dealer locator.

• Your local Toyota dealer can provide you with more information on the TFS Business Solutions program.

1. Vehicle eligibility requirements apply. Subject to credit approval through a participating Toyota dealer and Toyota Financial Services. Not all applicants will qualify. Programs not available in all states.

2. Usage exclusions: Vehicles used for rental, livery or for hire (e.g. taxi cabs), emergency, or law enforcement are not eligible to lease under the TFS Business Solutions Program.

3. Charges may be substantial if you terminate the lease early.

4. You are responsible for the difference between the net sale amount and the TRAC value, if the amount is less than the TRAC value

5. Finance and lease programs available on approved credit through participating Toyota dealers and Toyota Financial Services. Not all applicants will qualify. Programs may not be available in all areas. Programs are subject to change or termination at any time. Please see your Toyota dealer regarding finance terms, restrictions, state eligibility and program compatibility.

6. Vehicle credit lines are subject to additional terms and conditions.

Contact your local dealer to learn about offers in your area.

Toyota Industries Corporation (株式会社豊田自動織機, Kabushiki gaisha Toyota Jidō Shokki) is a Japanese machine maker. Originally, and still (as of 2021), a manufacturer of automatic looms, it is the company from which Toyota Motor Corporation developed. It is the world's largest manufacturer of forklift trucks measured by revenues.^[2]

History[edit]

1920s[edit]

The company was founded on 18 November 1926 as Toyoda Automatic Loom Works, Ltd. by Sakichi Toyoda, the inventor of a series of manual and machine-powered looms. The most impressive of these was the 1924 Toyoda Automatic Loom, Type G, a completely automatic high-speed loom featuring the ability to change shuttles without stopping and dozens of other innovations. At the time it was the world's most advanced loom, delivering a dramatic improvement in quality and a twenty-fold increase in productivity.^[3]In 2007, this machine was registered as item No. 16 in the Mechanical Engineering Heritage of Japan as 'a landmark achievement that advanced the global textile industry and laid the foundation for the development of the Toyota Group.'^[3]

1930s[edit]

In 1933, the company established its automobile department, led by Kiichiro Toyoda, the eldest son of Sakichi Toyoda. This department was spun off as Toyota Motor Co., Ltd. in 1937 and is now known as Toyota Motor Corporation. Toyota Industries is one of 13 core companies of the Toyota Group. The company owns 8.48% of Toyota Motor and is the largest shareholder (excluding trust revolving funds). As a countermeasure against hostile merger and acquisition attempts, Toyota Motor currently holds 24.92% of common stock of its origin Toyota Industries.^[4]

1940s[edit]

In 1940, the steel production department of Toyota separates from the company and becomes Toyota Steel Works Ltd. Its current name is now Aichi Steel Corporation. In 1944, Toyotas Obu Plant begins operations which produces castings. Five years later the Toyota stock was listed on the Tokyo, Osaka, and Nagoya Stock Exchanges.^[4]

1950s[edit]

In 1952 Toyota began producing press die for automobiles. One year later in 1953 the Kyowa plant began to assemble automobiles and produce engines. In 1956 Toyota unveiled the Model LA 1-ton lift truck, this was the company's first lift truck model. Following this in 1957 Toyota began producing D-type diesel engines. This same year the Model LAT .85-ton towing tractor was created. In the final year of the decade, Toyota began producing the P-type gasoline engine.^[4]

1960s[edit]

In 1960 the kyowa Plant was changed to create only lift trucks. This same year production of the shovel loader and three cylinder crank shaft type compressor began. Development Laboratories and Toyota Central Research was also created with funds from 10 Toyota group companies. 1964 was the year when Toyota became recognized by the ministry of International trade and industry as one of the first to export. Toyota also showed off their new automated continuous spinning system. In 1967 Toyota Publica pickup truck production began at the Nagakusa plant. Toyota also passes a monthly output of 1,000 units.^[4]

1970s[edit]

In 1971 production of the infamous Corolla begins. Toyota also reaches the landmark of 100,000 units produced. 1973 is the year that Toyota reached an output of 3,000 units. One year later in 1974 production began on car air-conditioning compressors.^[4]

1980s[edit]

In 1980 production on the JA air begins. Sometime in 1984 the engine division of Toyota separated from the vehicle division. In 1986 Toyota received the Deming Application prize for quality control implementation. In 1988 Toyota Industrial Equipment is created in Indiana, US.^[4]

1990s[edit]

In 1991 Toyota reaches the landmark of 5 million units produced. A year later in 1992 Toyota sets up an Environmental Committee.^[4]

Current business[edit]

Toyota Industries is active in five business areas: automotive, materials handling, electronics, logistics, and textile machinery.

Toyota-branded forklifts from Toyota Industries share the same logo as Toyota automobiles from Toyota Motor Corporation and are manufactured at the Toyota Industrial Equipment Manufacturing (TIEM) facility in Columbus, Indiana, for the US market.

Toyota Industries Corporation is under contract from Toyota Motor Corporation for the production of the Toyota Vitz/Yaris and the Toyota RAV4. The company manufactures automotive engines for use in Toyota-brand automobiles such as Avensis, Corolla, Crown, and Land Cruiser.

In 2000, Toyota Industries acquired the Swedish-based forklift truck corporation BT Industries, alongside BT's subsidiaries The Raymond Corporation and CESAB^[5]. Combined with Toyota Industries' materials handling division, this created the largest forklift company in the world, Toyota Material Handling Corporation.

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In October 2012, Toyota Industries acquired Cascade Corp., a maker of attachments for forklifts, for a price of $728 million.^[6]

In 2017, Toyota Industries acquired Vanderlande Corp. a manufacturer of automated material handling solutions as well as Bastian Solutions on the North American market

Looms[edit]

In 2020, Toyota Industries was manufacturing two state-of-the-art looms: the JAT810 (air jet loom) and LWT810 (water jet loom). Both looms operate without shuttles. The water jet loom throws the weft through the warp threads using water, and thus can only be used with synthetic fibers. The air jet loom uses air to throw the weft, and thus can be use with any fiber.

Stock exchange[edit]

The company's shares are traded on the Tokyo Stock Exchange under symbol 6201.T.

See also[edit]

References[edit]

1. ^Bodmer-Altura, Virginia F. (21 February 2012). 'USTER technologies to accept sweetened buy-up offer'. Retrieved 3 October 2020 – via Textile Future.
2. ^'Toyota Motor Affiliate to Buy Cascade for $759 Million'. Bloomberg. 23 October 2012. Retrieved 23 February 2013.
3. ^ ^ab'Non-Stop Shuttle Change Toyoda Automatic Loom, Type G' (in Japanese). The Japan Society of Mechanical Engineers.
4. ^ ^abcdefg'History 1990'. Japan: Toyota Industries Corporation. Retrieved 3 October 2020.
5. ^'Toyota Material Handling Europe acquires 100% ownership of Swiss Subsidiary'. Toyota Material Handling Europe. Retrieved 10 February 2021.
6. ^'Toyota Industries to buy Cascade for $728 mln'. Reuters. 22 October 2012.

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External links[edit]

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