Toyota applies to enter U.S. banking market

Newswire

TOKYO, Nov 29 (Reuters) - Japan's Toyota Motor Corp said on Friday it had applied for a U.S. banking license last month in a bid to use financial services to strengthen its position in the competitive U.S. automobile market. If granted, the world's third-largest automaker would become the first Japanese carmaker to gain a U.S. banking license, allowing Toyota to act as a banking institution for its network of affiliated U.S. dealerships. Toyota, Japan's largest automaker, also plans ...

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