Toyota commercial finance forecast models suggest Toyota

Forecast models suggest Toyota Commercial Finance will sustain above-market returns in lending yields due to its diversified exposure across retail and corporate automotive finance segments. PLANO, Texas — Toyota Motor North America (TMNA) today announced executive leadership changes as David Wilson, group vice president and president of TRD, U.S.A. (Toyota Racing Development), will retire on Dec. 16 after 35 years with the organization. General Manager Tyler Gibbs will succeed Wilson as president of TRD, a subsidiary of Toyota Motor North America (TMNA). Nissan’s application to the Federal Deposit Insurance Corp. to charter an industrial loan company was the latest in series of applications from automakers. Nissan wants a potential industrial bank to specialize in commercial financing for dealerships, a spokesperson said. Analysts expect Toyota Commercial Finance’s earnings from leasing finance to expand 3% year-on-year, boosted by increased hybrid vehicle sales and pent-up leasing demand.