a brief glance at our history
Sakichi Toyoda founded Toyoda Automatic Loom Works, Ltd. to manufacture and market his invention, the automatic loom. Toyoda Automatic Loom Works, Ltd. is the present-day Toyota Industries Corporation (TICO). Today TICO is active in three business areas:
- Material Handling Equipment
- Textile Machinery
Toyota Industries Equipment (TIE) was founded.
Toyota Motor Credit Corporation (TMCC) was established.
Commercial Finance Department was established under Toyota Motor Credit Corporation (TMCC) to provide financial services to Toyota Material Handling dealers and their retail customers.
Funded first wholesale flooring dealer.
Commercial Finance division was created to support TIE and Hino Motor Sales dealers across the USA.
Started financing Hino Medium Duty Commercial Trucks.
TICO acquired TIE which later became Toyota Material Handling, USA, Inc. (TMHU), then Toyota Material Handling (TMH) in 2020.
Reached over $1B in earning assets outstanding.
Portfolio grew 12.5% for dealer lending and 18.0% for retail lending.
TMCC and TICO sign Asset Purchase Agreement.
TICO completed the acquisition of Commercial Finance assets & human resources on October 1.
TICF completed migration of all departments from Torrance, California to Coppell, Texas.