TOKYO, Feb 20 (Reuters) - Toyota Motor Corp said on Friday that it had received permission to set up a bank in Nevada, the United States, to provide settlement and other financial services to its dealers. Toyota, which makes most of its profits in North America, said the bank would be set up with $10 million in capital, although it had not decided when operations would start. "We are still considering what kind of services we should offer through the bank, but they are likely to be cash ...
Premium Content (PAID Subscription Required)
"Toyota to open U.S. bank offering dealer services" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.