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Captive Finance


Mazda Turns to Toyota for Captive Financing

Toyota Motor Credit has replaced JPMorgan Chase as Mazda’s captive finance company for U.S....

Toyota Motor Credit Corp. will replace Mazda Capital Services as the captive consumer loan and lease financing company for U.S. Mazda dealers, according to a report filed with the Securities and Exchange Commission Wednesday.


Two Charged With Stealing Diesel VWs

Two Michigan men allegedly conspired to steal 61 diesel Volkswagen and Audi vehicles.

Two Michigan men have been charged with allegedly conspiring to steal Volkswagen and Audi diesel vehicles involved in the emissions scandal that were parked at the Pontiac Silverdome, U.S. Attorney Matthew Schneider announced March 11.


Toyota Financial Services CEO to Retire

(l-r) Mark Templin and Mike Groff.

Mike Groff will retire as president and chief executive of Toyota Financial Services (TFS) at the end of this month, and will give way to Mark Templin, who has been serving as chairman of the board of Toyota Motor Credit Corp., the captive finance company has announced.