Toyota to establish new mobility service company
Toyota Motor Corporation announced its decision to merge its wholly owned subsidiary Toyota Fleet Leasing Co., Ltd. with its wholly owned second-tier subsidiary Toyota Tokyo Rental & Leasing Co., Ltd. to establish a new company, Toyota Mobility Service Co., Ltd., on April 1, 2018. In addition to aiming to strengthen the existing corporate automobile leasing and rental car businesses, Toyota intends to plan and provide new mobility services in anticipation of a mobility society.
The new company will work with Toyota, as well as with Toyota Group vehicle manufacturing companies including Toyota Connected Company in the connected area, Toyota Finance Corporation in finance, and Toyota Usec in the used car business.
Specific initiatives of Toyota Mobility Service Co., Ltd. include:
- Collaborating with Toyota's in-house companies and Toyota Group vehicle manufacturers, gathering the needs of corporate customers and providing feedback for products
- Developing and providing new mobility services including solution services for corporate customers, connected services using in-vehicle communication equipment and car sharing, in cooperation with Toyota's Japan Fleet Business Division and a new organization, the Mobility Service Planning Division (to be established in January 2018 as part of Toyota's Japan Sales Business Group)
- Constructing a high-quality maintenance network in cooperation with Toyota dealers for corporate vehicle
- Proactively collaborating and forming tie-ups with external companies
Headquartered in Nihonbashi, Chuo-ku, Tokyo, the new company will have 1050 employees and a total capital of 1.75 billion yen.