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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.

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Final VW Diesel Modification Approved

Volkswagen has gained final approval on modifications to close its nearly three-year diesel...

Volkswagen has gained approval from air regulators of the final modification plan for the remaining vehicles that contain software designed to defeat emissions tests, the California Air Resources Board has announced.

News

BMW Group Financial Services Seeking New Technologies

Photo courtesy of BMW.

BMW Group Financial Services has launched an accelerator program meant to provide entrepreneurs, startups, and small businesses with the opportunity to partner with the captive finance company to develop new technologies, according to the company.