Press statement Toyota Financial Services in the Czech Republic
15.06.2000, 19:59
PRAGUE, June 15 (APROTEXT) - The launch of Toyota FinancialServices (TFS) in the Czech Republic provides an opportunity forToyota dealers to offer a wider range of products and services tocustomers throughout the Czech Republic. As a new financialservices company, TFS brings together the financial andorganisational strength of Toyota Motor Corporation (TMC) andToyota Motor Czech s.r.o., Toyota- owned distributor in the CzechRepublic. Toyota Financial Services will provide the dealers andcustomers a more flexible, Toyota tailored approach to financetheir vehicle purchase.
As a new company in this market, TFS will strongly focus oncustomer requirements with finance packages designed to meet thecustomers' specific needs. TFS will have the ability to tap intothe vast resources and experience from our global organisation.
TFS will also be able to build on the experience of theformer BB-Leasing s.r.o. organisation, which has operated in theCzech market since 1996. BB-Leasing GmbH, Berlin a subsidiarycompany of Bankgesellschaft Berlin and Toyota Motor Corporationhave agreed on a purchase of BB-Leasing s.r.o. by Toyota.
With the establishment of TFS, the Czech Republic, becomesthe 18th country world- wide in which there is Toyota FinancialServices company.
TFS will become an integral part of the Toyota network inCzech and will endeavor to continue to build an ever-strongerposition of market and brand leadership.
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