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Toyota Financial Services President & CEO George Borst to Retire, Mike Groff to be Appointed New Company President & CEO

TORRANCE, Calif.,July 29, 2013 — Toyota Financial Services (TFS) announced today that George Borst, the company’s U.S. leader of 16 years will be retiring effective September 30, 2013, after which he will assume the role of Executive Advisor until the end of calendar year 2014. Appointed to replace Borst is Mike Groff, […] […]

Toyota Leads the Charge in Hybrid Technology with Steady Popularity in California

TORRANCE, Calif. (July 29, 2013) — Californians prefer Toyota hybrids over those of any other automaker as the brand continues to outsell its competition.  In California, approximately six out of 10 hybrids sold are Toyota hybrids (61 percent market share).   Despite tougher competition in the hybrid segment, Toyota’s hybrid leadership remains unmatched. Visit […] […]

Ford Finds 60 Percent of Plug-in Vehicle Trips Are Gas-Free; Ford App Continues to Evolve EV Owner Driving Habits

Ford plug-in hybrid owners are making the most of the vehicles’ 21 miles of gas-free all-electric range, using them for mostly short trips or commutes, and operating in electric mode nearly 60 percent of the time, according to new aggregate data collected from Ford’s MyFord Mobile app. […]

Toyota, Nissan, Honda and Mitsubishi Agree to Joint Development of Charging Infrastructure for PHVs, PHEVs and EVs in Japan

TOKYO, Japan (July 29, 2013) — Toyota Motor Corporation, Nissan Motor Co., Ltd., Honda Motor Co., Ltd., and Mitsubishi Motors Corporation jointly announced their agreement to work together to promote the installation of chargers for electricpowered vehicles (PHVs, PHEVs, EVs*) and build a charging network service that offers more convenience to drivers […] […]

BMW Unveils i3 Electric Car

BMW says it plans to offer the i3 E.V. and other variants as a subbrand. […]