Toyota Financial Services

Simpro Welcomes Ashley Mehlman as the New Chief Financial Officer

Retrieved on: 
Lunedì, Aprile 22, 2024

Simpro, the leading total business management software for commercial and residential trade service businesses, announced Ashley Mehlman has been named Chief Financial Officer (CFO).

Key Points: 
  • Simpro, the leading total business management software for commercial and residential trade service businesses, announced Ashley Mehlman has been named Chief Financial Officer (CFO).
  • Mehlman brings over 17 years of accounting, finance and operations experience to this role, including senior & leadership positions at KPMG LLP, Zurich North America and Toyota Financial Services.
  • Most recently, Ashley served as the Senior Vice President of Financial Planning & Analysis at Cast & Crew Entertainment Services, where she was pivotal in shaping the company's financial strategies.
  • “We are thrilled to welcome Ashley to our leadership team and I look forward to working with her,” said Gary Specter, Simpro CEO.

Ritholtz Wealth Management Expands National Presence with Opening of New Los Angeles Office

Retrieved on: 
Lunedì, Aprile 22, 2024

Ritholtz Wealth Management (RWM), a national RIA overseeing more than $4 billion in assets for high-net-worth clients and institutions, today announced the opening of a new office in the Manhattan Beach neighborhood of Los Angeles, California.

Key Points: 
  • Ritholtz Wealth Management (RWM), a national RIA overseeing more than $4 billion in assets for high-net-worth clients and institutions, today announced the opening of a new office in the Manhattan Beach neighborhood of Los Angeles, California.
  • Building upon the recent opening of the firm’s Charlotte, North Carolina office, this latest expansion underscores the appeal of RWM’s sophisticated yet straightforward approach to financial planning and asset management.
  • Leading RWM’s new Los Angeles office is senior advisor Michelle Katzen , CFP®, CDFA®, who brings 15 years of financial services experience.
  • With over a decade spent serving clients, her background also includes stints at Toyota Financial Services, Union Bank and UBS.

Auto Dealership Buy/Sell Market Achieves New Transaction Record in 2023, Surpassing 2021 Peak; Valuations Remain at All Time Highs for Top Franchises in High Growth Markets

Retrieved on: 
Martedì, Aprile 9, 2024

The auto dealership buy/sell market’s outperformance relative to the broader corporate M&A market is, according to the report, a result of its distinctly private structure.

Key Points: 
  • The auto dealership buy/sell market’s outperformance relative to the broader corporate M&A market is, according to the report, a result of its distinctly private structure.
  • “When earnings soared in 2021, buyers correctly projected that pandemic earnings were unsustainable and normalized earnings for valuation purposes.
  • The public dealership groups acquired 61 franchises for $2.7 billion in 2023, the second highest US acquisition spending level on record.
  • The Kerrigan Auto Retail Index is designed to track dealership valuation trends, while also providing key insights into factors influencing auto retail.

SUPERCHARGING EDUCATION: Toyota Invests $2 Million In North Carolina Schools

Retrieved on: 
Martedì, Aprile 2, 2024

GREENSBORO, N.C., April 2, 2024 /PRNewswire/ -- Toyota USA Foundation today announced grants totaling $2 million for programs to help prepare students in Randolph and Guilford Counties for future science, technology, engineering and math (STEM) careers. The grants and collaboration are part of the Driving Possibilities initiative and represent a five-year phased rollout of programming in select schools.  

Key Points: 
  • "With $2 million in the first year, we are excited to expand Driving Possibilities here in North Carolina, home to our first battery plant in North America."
  • Driving Possibilities in North Carolina centers on working with Randolph and Guilford County schools to identify school feeder patterns and provide project-based, hands-on STEM learning programs.
  • "We are excited for Toyota's partnership and investment in communities across North Carolina," said North Carolina Governor Roy Cooper.
  • The initiative is funded by the Toyota USA Foundation, Toyota Motor North America (TMNA), and Toyota Financial Services (TFS).

Advancing STEM Education: Toyota Provides Up To $9.3 Million In Arizona Schools

Retrieved on: 
Martedì, Marzo 5, 2024

CHANDLER, Ariz., March 5, 2024  /PRNewswire/ -- Toyota USA Foundation announced grants of up to $9.3 million to prepare Chandler and Tempe students for future careers in science, technology, engineering and math (STEM). The collaboration is part of the Driving Possibilities initiative and is a five-year phased rollout of programing in select schools.

Key Points: 
  • The collaboration is part of the Driving Possibilities initiative and is a five-year phased rollout of programing in select schools.
  • "Our goal is to increase awareness of future STEM careers while helping build sustainable programs in the communities where our Toyota team members live and work," said Tellis Bethel, group vice president of social innovation, Toyota.
  • "With nearly $2 million in the first year, and more to come in years ahead, we're looking forward to the expansion of Driving Possibilities in the Phoenix area."
  • The initiative is funded by Toyota USA Foundation, Toyota Motor North America (TMNA) and Toyota Financial Services (TFS).

MongoDB Expands Global Availability of MongoDB Atlas to Six Additional Cloud Regions

Retrieved on: 
Giovedì, Febbraio 29, 2024

NEW YORK, Feb. 29, 2024 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB) announced today that its industry-leading, multi-cloud developer data platform MongoDB Atlas is now available in six additional cloud regions in Canada, Germany, Israel, Italy, and Poland—the most widely available developer data platform in the world. With this expansion, MongoDB Atlas is now available in 117 cloud regions across Amazon Web Services (AWS), Google Cloud, and Microsoft Azure to meet the demands of more customers with data residency, availability, and latency-sensitive application requirements. For customers that need ultra-high availability or want to more easily combine services from different cloud providers, MongoDB Atlas is the only globally distributed developer data platform for seamlessly running applications across major cloud providers simultaneously. To get started with MongoDB Atlas, visit mongodb.com/atlas. 

Key Points: 
  • With this expansion, MongoDB Atlas is now available in 117 cloud regions across Amazon Web Services (AWS), Google Cloud, and Microsoft Azure to meet the demands of more customers with data residency, availability, and latency-sensitive application requirements.
  • "Multi-cloud clusters on MongoDB Atlas also give customers the flexibility of seamlessly using cloud services across major providers for their application needs.
  • New on Google Cloud: MongoDB Atlas is available in 38 Google Cloud regions globally , now including Germany (Berlin), and is integrated with several Google Cloud services, including BigQuery and Vertex AI for building AI-powered applications.
  • MongoDB Atlas Online Archive and Atlas Data Federation are generally available on AWS and will be generally available on Google Cloud later this year.

Philippines Auto Finance Market Drives up a Gear: $51.6 Billion Growth Forecast by 2027: Ken Research

Retrieved on: 
Mercoledì, Febbraio 14, 2024

Ken Research's " Philippines Auto Finance Market Outlook to 2027" report predicts a robust 10.2% CAGR, translating to a substantial $51.6 billion market size by 2027.

Key Points: 
  • Ken Research's " Philippines Auto Finance Market Outlook to 2027" report predicts a robust 10.2% CAGR, translating to a substantial $51.6 billion market size by 2027.
  • Beyond facilitating car purchases, the Philippines' auto finance market plays a crucial role in driving economic growth, promoting financial inclusion, and empowering Filipinos to achieve their car ownership dreams.
  • Technological Advancements: Online loan applications, digital onboarding processes, and mobile banking are making auto finance more accessible and convenient.
  • The Philippines' auto finance market is on an upward trajectory, offering exciting opportunities for businesses and investors who can adapt to the changing landscape.

Philippines Auto Finance Market Drives up a Gear: $51.6 Billion Growth Forecast by 2027: Ken Research

Retrieved on: 
Mercoledì, Febbraio 14, 2024

Ken Research's " Philippines Auto Finance Market Outlook to 2027" report predicts a robust 10.2% CAGR, translating to a substantial $51.6 billion market size by 2027.

Key Points: 
  • Ken Research's " Philippines Auto Finance Market Outlook to 2027" report predicts a robust 10.2% CAGR, translating to a substantial $51.6 billion market size by 2027.
  • Beyond facilitating car purchases, the Philippines' auto finance market plays a crucial role in driving economic growth, promoting financial inclusion, and empowering Filipinos to achieve their car ownership dreams.
  • Technological Advancements: Online loan applications, digital onboarding processes, and mobile banking are making auto finance more accessible and convenient.
  • The Philippines' auto finance market is on an upward trajectory, offering exciting opportunities for businesses and investors who can adapt to the changing landscape.

Toyota Supports California Flooding Relief Efforts

Retrieved on: 
Martedì, Febbraio 6, 2024

PLANO, Texas , Feb. 6, 2024 /PRNewswire/ -- Toyota Motor North America and Toyota Financial Services announced efforts to assist those suffering from the impacts of recent storms and flooding in California. Toyota contributes annually to The American Red Cross and SBP, and these funds are utilized to support recovery efforts when disasters strike around the nation. To further assist affected communities, Toyota is matching contributions for donations made by U.S.-based employees to support The American Red Cross, SBP and other eligible nonprofits.

Key Points: 
  • PLANO, Texas , Feb. 6, 2024 /PRNewswire/ -- Toyota Motor North America and Toyota Financial Services announced efforts to assist those suffering from the impacts of recent storms and flooding in California.
  • Toyota contributes annually to The American Red Cross and SBP , and these funds are utilized to support recovery efforts when disasters strike around the nation.
  • Additionally, Toyota Financial Services announced it is offering payment relief options to affected customers.
  • This broad outreach includes any Toyota Financial Services (TFS) or Lexus Financial Services (LFS) customer in the designated disaster areas.

Haig Partners Enhances West Coast Presence With the Addition of Jayson Crouch as Managing Director

Retrieved on: 
Lunedì, Ottobre 16, 2023

Haig Partners LLC , the leading buy-sell advisory firm to owners of higher-value dealerships, is pleased to announce the addition of Jayson Crouch, a respected leader in automotive retail finance, as Managing Director.

Key Points: 
  • Haig Partners LLC , the leading buy-sell advisory firm to owners of higher-value dealerships, is pleased to announce the addition of Jayson Crouch, a respected leader in automotive retail finance, as Managing Director.
  • Alan Haig, President of Haig Partners, said, "I am thrilled to welcome Jayson as our new Managing Director.
  • “Haig Partners has consistently demonstrated its commitment to delivering unmatched expertise and guidance throughout the Southwest and West Coast.
  • I am proud to establish the West Coast office for Haig Partners."