About Us

History

a brief glance at our history

1926

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:

  • Automotive
  • Material Handling Equipment
  • Textile Machinery

 

1967

Toyota Industries Equipment (TIE) was founded.

1983

Toyota Motor Credit Corporation (TMCC) was established.

1984

Commercial Finance Department was established under Toyota Motor Credit Corporation (TMCC) to provide financial services to Toyota Material Handling dealers and their retail customers.

1985

Funded first wholesale flooring dealer.

1985

Commercial Finance division was created to support TIE and Hino Motor Sales dealers across the USA.

2000

Started financing Hino Medium Duty Commercial Trucks.

2001

TICO acquired TIE which later became Toyota Material Handling, USA, Inc. (TMHU), then Toyota Material Handling (TMH) in 2020.

2005

Reached over $1B in earning assets outstanding.

2013

Portfolio grew 12.5% for dealer lending and 18.0% for retail lending.

2014

TMCC and TICO sign Asset Purchase Agreement.

2015

TICO completed the acquisition of Commercial Finance assets & human resources on October 1.

2016

TICF completed migration of all departments from Torrance, California to Coppell, Texas.