Autor: venred

KPS Capital Partners adquirirá AM General LLC

NUEVA YORK, 22 de julio de 2020 /PRNewswire/ — KPS Capital Partners, LP («KPS») anunció hoy que, mediante una afiliada recién formada, ha suscrito un acuerdo definitivo para la adquisición de AM General LLC («AM General» o la «empresa») de una afiliada de MacAndrews & Forbes Incorporated. No se divulgaron los términos financieros de la transacción.

<img id="prnejpg77e1left" title=" " border="0" alt=" " align="middle" imagelabel="General"…

NUEVA YORK, 22 de julio de 2020 /PRNewswire/ — KPS Capital Partners, LP («KPS») anunció hoy que, mediante una afiliada recién formada, ha suscrito un acuerdo definitivo para la adquisición de AM General LLC («AM General» o la «empresa») de una afiliada de MacAndrews & Forbes Incorporated. No se divulgaron los términos financieros de la transacción.

AM General diseña, construye, fabrica, suministra y asiste técnicamente vehículos especializados para clientes militares y comerciales de todo el mundo, entre ellos el emblemático vehículo de ruedas multipropósito de alta movilidad conocido familiarmente como el HUMVEE®. La empresa es un líder global en los sistemas de vehículos terrestres, y su negocio militar goza de amplio reconocimiento por la excelencia en el diseño, la ingeniería, la fabricación y la asistencia logística de vehículos tácticos. AM General ha construido y mantenido más de un millón de vehículos en los últimos 100 años y más de 300.000 sistemas automotores en más de 70 países. En la actualidad, AM General construye más vehículos tácticos livianos militares que cualquier otra empresa del mundo. Con sede corporativa en South Bend, Indiana, plantas de fabricación localizadas en Indiana y Ohio, y un avanzado centro de ingeniería técnica en Míchigan, AM General emplea una sólida fuerza laboral y tiene alianzas con más de 1700 proveedores en 43 estados.

Jay Bernstein, socio de KPS, declaró: «Nos entusiasma adquirir AM General, una legendaria empresa estadounidense y líder mundial en el diseño, la ingeniería, la fabricación y la asistencia técnica de vehículos especializados y tácticos livianos. Estamos deseosos de trabajar con el director ejecutivo Andy Hove, el equipo gerencial de la empresa y todos los empleados de AM General para fortalecer esta magnífica plataforma, orgánicamente y mediante adquisiciones. Nos proponemos aprovechar el compromiso de la empresa con la investigación, la tecnología, la innovación y el desarrollo de nuevos productos, al igual que su legado y su emblemática marca. La demostrada trayectoria e historial de KPS en la inversión exitosa en empresas de vehículos especializados —al igual que su plataforma global y significativos recursos financieros— nos hacen sentir sumamente confiados en que AM General continuará prosperando bajo la propiedad de KPS para beneficio de sus clientes y todos los actores interesados».

Andy Hove, director ejecutivo de AM General, expresó: «KPS, con un historial de varias décadas en la creación de empresas líderes sectoriales y de clase mundial, es el socio ideal de AM General y los clientes comerciales y militares que atendemos. Estamos deseosos de trabajar con KPS para seguir ejecutando nuestra estrategia e invertir en nuestro plan de crecimiento muy ambicioso. El demostrado compromiso de KPS con la excelencia en la fabricación y la mejora continua, y el compromiso de invertir en la tecnología y la innovación no harán más que fortalecer la capacidad de la empresa de competir en el mercado comercial y militar de hoy».

La finalización de la transacción está prevista para el tercer o cuarto trimestre de 2020 y está sujeta a las aprobaciones y condiciones de cierre habituales.

Kirkland & Ellis ejerció de asesor jurídico de KPS y sus afiliadas.

Acerca de AM General LLC
AM General es el líder mundial en el diseño, la ingeniería, la fabricación y la asistencia técnica de vehículos tácticos livianos. AM General es el diseñador y único fabricante del HUMVEE®, el líder global de los 4×4 militares. AM General, mediante sus empresas tradicionales, ha construido y mantenido más de un millón de vehículos en los últimos 100 años y más de 300.000 sistemas automotores en más de 70 países. AM General tiene su sede corporativa en South Bend, Illinois. Para más información sobre AM General, visite www.amgeneral.com.

Acerca de KPS Capital Partners, LP
KPS, mediante sus entidades de gestión afiliadas, es el administrador de KPS Special Situations Funds, una familia de fondos de inversión que posee aproximadamente $11,4 mil millones en activos administrados (al 31 de marzo de 2020). Durante más de dos décadas, los socios de KPS han trabajado exclusivamente para lograr una significativa apreciación del capital al hacer inversiones accionarias con participación mayoritaria en empresas industriales y manufactureras en una diversa gama de sectores, entre ellos materiales básicos; productos de lujo, de atención médica y de consumo de marca; repuestos de automóviles, bienes de capital y manufactura en general. KPS crea valor para sus inversionistas al trabajar de manera constructiva con talentosos equipos de gerencia para mejorar las empresas, y genera rentabilidad de la inversión al mejorar estructuralmente la posición estratégica, la competitividad y la rentabilidad de las empresas de su cartera, en lugar de depender principalmente del apalancamiento financiero. Las empresas de la cartera de KPS Funds actualmente tienen ingresos anuales totales de aproximadamente $8,4 mil millones, operan 150 plantas manufactureras en 26 países, y tienen más de 23.000 empleados, directamente y mediante empresas conjuntas en todo el mundo. La estrategia de inversión y las empresas de la cartera de KPS se describen en detalle en www.kpsfund.com.

Logo – https://mma.prnewswire.com/media/1023167/KPS_Logo.jpg

FUENTE KPS Capital Partners, LP

KPS Capital Partners adquirirá AM General LLC

NUEVA YORK, 22 de julio de 2020 /PRNewswire/ — KPS Capital Partners, LP («KPS») anunció hoy que, mediante una afiliada recién formada, ha suscrito un acuerdo definitivo para la adquisición de AM General LLC («AM General» o la «empresa») de una afiliada de MacAndrews & Forbes Incorporated. No se divulgaron los términos financieros de la transacción.

<img id="prnejpg77e1left" title=" " border="0" alt=" " align="middle" imagelabel="General"…

NUEVA YORK, 22 de julio de 2020 /PRNewswire/ — KPS Capital Partners, LP («KPS») anunció hoy que, mediante una afiliada recién formada, ha suscrito un acuerdo definitivo para la adquisición de AM General LLC («AM General» o la «empresa») de una afiliada de MacAndrews & Forbes Incorporated. No se divulgaron los términos financieros de la transacción.

AM General diseña, construye, fabrica, suministra y asiste técnicamente vehículos especializados para clientes militares y comerciales de todo el mundo, entre ellos el emblemático vehículo de ruedas multipropósito de alta movilidad conocido familiarmente como el HUMVEE®. La empresa es un líder global en los sistemas de vehículos terrestres, y su negocio militar goza de amplio reconocimiento por la excelencia en el diseño, la ingeniería, la fabricación y la asistencia logística de vehículos tácticos. AM General ha construido y mantenido más de un millón de vehículos en los últimos 100 años y más de 300.000 sistemas automotores en más de 70 países. En la actualidad, AM General construye más vehículos tácticos livianos militares que cualquier otra empresa del mundo. Con sede corporativa en South Bend, Indiana, plantas de fabricación localizadas en Indiana y Ohio, y un avanzado centro de ingeniería técnica en Míchigan, AM General emplea una sólida fuerza laboral y tiene alianzas con más de 1700 proveedores en 43 estados.

Jay Bernstein, socio de KPS, declaró: «Nos entusiasma adquirir AM General, una legendaria empresa estadounidense y líder mundial en el diseño, la ingeniería, la fabricación y la asistencia técnica de vehículos especializados y tácticos livianos. Estamos deseosos de trabajar con el director ejecutivo Andy Hove, el equipo gerencial de la empresa y todos los empleados de AM General para fortalecer esta magnífica plataforma, orgánicamente y mediante adquisiciones. Nos proponemos aprovechar el compromiso de la empresa con la investigación, la tecnología, la innovación y el desarrollo de nuevos productos, al igual que su legado y su emblemática marca. La demostrada trayectoria e historial de KPS en la inversión exitosa en empresas de vehículos especializados —al igual que su plataforma global y significativos recursos financieros— nos hacen sentir sumamente confiados en que AM General continuará prosperando bajo la propiedad de KPS para beneficio de sus clientes y todos los actores interesados».

Andy Hove, director ejecutivo de AM General, expresó: «KPS, con un historial de varias décadas en la creación de empresas líderes sectoriales y de clase mundial, es el socio ideal de AM General y los clientes comerciales y militares que atendemos. Estamos deseosos de trabajar con KPS para seguir ejecutando nuestra estrategia e invertir en nuestro plan de crecimiento muy ambicioso. El demostrado compromiso de KPS con la excelencia en la fabricación y la mejora continua, y el compromiso de invertir en la tecnología y la innovación no harán más que fortalecer la capacidad de la empresa de competir en el mercado comercial y militar de hoy».

La finalización de la transacción está prevista para el tercer o cuarto trimestre de 2020 y está sujeta a las aprobaciones y condiciones de cierre habituales.

Kirkland & Ellis ejerció de asesor jurídico de KPS y sus afiliadas.

Acerca de AM General LLC
AM General es el líder mundial en el diseño, la ingeniería, la fabricación y la asistencia técnica de vehículos tácticos livianos. AM General es el diseñador y único fabricante del HUMVEE®, el líder global de los 4×4 militares. AM General, mediante sus empresas tradicionales, ha construido y mantenido más de un millón de vehículos en los últimos 100 años y más de 300.000 sistemas automotores en más de 70 países. AM General tiene su sede corporativa en South Bend, Illinois. Para más información sobre AM General, visite www.amgeneral.com.

Acerca de KPS Capital Partners, LP
KPS, mediante sus entidades de gestión afiliadas, es el administrador de KPS Special Situations Funds, una familia de fondos de inversión que posee aproximadamente $11,4 mil millones en activos administrados (al 31 de marzo de 2020). Durante más de dos décadas, los socios de KPS han trabajado exclusivamente para lograr una significativa apreciación del capital al hacer inversiones accionarias con participación mayoritaria en empresas industriales y manufactureras en una diversa gama de sectores, entre ellos materiales básicos; productos de lujo, de atención médica y de consumo de marca; repuestos de automóviles, bienes de capital y manufactura en general. KPS crea valor para sus inversionistas al trabajar de manera constructiva con talentosos equipos de gerencia para mejorar las empresas, y genera rentabilidad de la inversión al mejorar estructuralmente la posición estratégica, la competitividad y la rentabilidad de las empresas de su cartera, en lugar de depender principalmente del apalancamiento financiero. Las empresas de la cartera de KPS Funds actualmente tienen ingresos anuales totales de aproximadamente $8,4 mil millones, operan 150 plantas manufactureras en 26 países, y tienen más de 23.000 empleados, directamente y mediante empresas conjuntas en todo el mundo. La estrategia de inversión y las empresas de la cartera de KPS se describen en detalle en www.kpsfund.com.

Logo – https://mma.prnewswire.com/media/1023167/KPS_Logo.jpg

FUENTE KPS Capital Partners, LP

KPS Capital Partners adquirirá AM General LLC

NUEVA YORK, 22 de julio de 2020 /PRNewswire/ — KPS Capital Partners, LP («KPS») anunció hoy que, mediante una afiliada recién formada, ha suscrito un acuerdo definitivo para la adquisición de AM General LLC («AM General» o la «empresa») de una afiliada de MacAndrews & Forbes Incorporated. No se divulgaron los términos financieros de la transacción.

<img id="prnejpg77e1left" title=" " border="0" alt=" " align="middle" imagelabel="General"…

NUEVA YORK, 22 de julio de 2020 /PRNewswire/ — KPS Capital Partners, LP («KPS») anunció hoy que, mediante una afiliada recién formada, ha suscrito un acuerdo definitivo para la adquisición de AM General LLC («AM General» o la «empresa») de una afiliada de MacAndrews & Forbes Incorporated. No se divulgaron los términos financieros de la transacción.

AM General diseña, construye, fabrica, suministra y asiste técnicamente vehículos especializados para clientes militares y comerciales de todo el mundo, entre ellos el emblemático vehículo de ruedas multipropósito de alta movilidad conocido familiarmente como el HUMVEE®. La empresa es un líder global en los sistemas de vehículos terrestres, y su negocio militar goza de amplio reconocimiento por la excelencia en el diseño, la ingeniería, la fabricación y la asistencia logística de vehículos tácticos. AM General ha construido y mantenido más de un millón de vehículos en los últimos 100 años y más de 300.000 sistemas automotores en más de 70 países. En la actualidad, AM General construye más vehículos tácticos livianos militares que cualquier otra empresa del mundo. Con sede corporativa en South Bend, Indiana, plantas de fabricación localizadas en Indiana y Ohio, y un avanzado centro de ingeniería técnica en Míchigan, AM General emplea una sólida fuerza laboral y tiene alianzas con más de 1700 proveedores en 43 estados.

Jay Bernstein, socio de KPS, declaró: «Nos entusiasma adquirir AM General, una legendaria empresa estadounidense y líder mundial en el diseño, la ingeniería, la fabricación y la asistencia técnica de vehículos especializados y tácticos livianos. Estamos deseosos de trabajar con el director ejecutivo Andy Hove, el equipo gerencial de la empresa y todos los empleados de AM General para fortalecer esta magnífica plataforma, orgánicamente y mediante adquisiciones. Nos proponemos aprovechar el compromiso de la empresa con la investigación, la tecnología, la innovación y el desarrollo de nuevos productos, al igual que su legado y su emblemática marca. La demostrada trayectoria e historial de KPS en la inversión exitosa en empresas de vehículos especializados —al igual que su plataforma global y significativos recursos financieros— nos hacen sentir sumamente confiados en que AM General continuará prosperando bajo la propiedad de KPS para beneficio de sus clientes y todos los actores interesados».

Andy Hove, director ejecutivo de AM General, expresó: «KPS, con un historial de varias décadas en la creación de empresas líderes sectoriales y de clase mundial, es el socio ideal de AM General y los clientes comerciales y militares que atendemos. Estamos deseosos de trabajar con KPS para seguir ejecutando nuestra estrategia e invertir en nuestro plan de crecimiento muy ambicioso. El demostrado compromiso de KPS con la excelencia en la fabricación y la mejora continua, y el compromiso de invertir en la tecnología y la innovación no harán más que fortalecer la capacidad de la empresa de competir en el mercado comercial y militar de hoy».

La finalización de la transacción está prevista para el tercer o cuarto trimestre de 2020 y está sujeta a las aprobaciones y condiciones de cierre habituales.

Kirkland & Ellis ejerció de asesor jurídico de KPS y sus afiliadas.

Acerca de AM General LLC
AM General es el líder mundial en el diseño, la ingeniería, la fabricación y la asistencia técnica de vehículos tácticos livianos. AM General es el diseñador y único fabricante del HUMVEE®, el líder global de los 4×4 militares. AM General, mediante sus empresas tradicionales, ha construido y mantenido más de un millón de vehículos en los últimos 100 años y más de 300.000 sistemas automotores en más de 70 países. AM General tiene su sede corporativa en South Bend, Illinois. Para más información sobre AM General, visite www.amgeneral.com.

Acerca de KPS Capital Partners, LP
KPS, mediante sus entidades de gestión afiliadas, es el administrador de KPS Special Situations Funds, una familia de fondos de inversión que posee aproximadamente $11,4 mil millones en activos administrados (al 31 de marzo de 2020). Durante más de dos décadas, los socios de KPS han trabajado exclusivamente para lograr una significativa apreciación del capital al hacer inversiones accionarias con participación mayoritaria en empresas industriales y manufactureras en una diversa gama de sectores, entre ellos materiales básicos; productos de lujo, de atención médica y de consumo de marca; repuestos de automóviles, bienes de capital y manufactura en general. KPS crea valor para sus inversionistas al trabajar de manera constructiva con talentosos equipos de gerencia para mejorar las empresas, y genera rentabilidad de la inversión al mejorar estructuralmente la posición estratégica, la competitividad y la rentabilidad de las empresas de su cartera, en lugar de depender principalmente del apalancamiento financiero. Las empresas de la cartera de KPS Funds actualmente tienen ingresos anuales totales de aproximadamente $8,4 mil millones, operan 150 plantas manufactureras en 26 países, y tienen más de 23.000 empleados, directamente y mediante empresas conjuntas en todo el mundo. La estrategia de inversión y las empresas de la cartera de KPS se describen en detalle en www.kpsfund.com.

Logo – https://mma.prnewswire.com/media/1023167/KPS_Logo.jpg

FUENTE KPS Capital Partners, LP

Mazda To Resume Full Factory Operation Worldwide In August Amid Strong US Sales And Demand

IRVINE, Calif., July 22, 2020 /PRNewswire-HISPANIC PR WIRE/ — Starting in August, Mazda Motor Corporation will return to normal factory operations, or pre-COVID-19 levels, amid increased sales and future forecast for product demand in the U.S. In June, Mazda North American Operations achieved a sales increase of nearly 11 percent year-over-year. Most notably, the three-row CX-9 and MX-5 roadster volumes grew approximately 50 percent and 25 percent, respectively.

<div id="prni_dvprnejpg5418left"…

IRVINE, Calif., July 22, 2020 /PRNewswire-HISPANIC PR WIRE/ — Starting in August, Mazda Motor Corporation will return to normal factory operations, or pre-COVID-19 levels, amid increased sales and future forecast for product demand in the U.S. In June, Mazda North American Operations achieved a sales increase of nearly 11 percent year-over-year. Most notably, the three-row CX-9 and MX-5 roadster volumes grew approximately 50 percent and 25 percent, respectively.

Mazda North American Operations is headquartered in Irvine, Calif., and oversees the sales, marketing, parts and customer service support of Mazda vehicles in the United States and Mexico through nearly 700 dealers. Operations in Mexico are managed by Mazda Motor de Mexico in Mexico City. For more information on Mazda vehicles, including photography and B-roll, please visit the online Mazda media center at www.mazdausamedia.com.

Through the remainder of July, Mazda will end production adjustments implemented at plants in Japan, Mexico and Thailand caused by the pandemic. Mazda has been monitoring inventory levels and modifying production since the end of March. Currently, almost all dealerships worldwide have resumed sale operations.

Globally, Mazda remains cautious and flexible regarding the risk posed by COVID-19 and will closely monitor trends and demand in each market where Mazda vehicles are shipped.

Mazda North American Operations is headquartered in Irvine, California, and oversees the sales, marketing, parts and customer service support of Mazda vehicles in the United States and Mexico through approximately 620 dealers. Operations in Mexico are managed by Mazda Motor de Mexico in Mexico City. For more information on Mazda vehicles, including photography and B-roll, please visit the online Mazda media center at InsideMazda.MazdaUSA.com/Newsroom.

Follow MNAO’s social media channels through Twitter and Instagram at @MazdaUSA and Facebook at Facebook.com/MazdaUSA.

Logo – https://mma.prnewswire.com/media/53154/mazda_north_american_operations_logo.jpg  

SOURCE Mazda North American Operations

Mazda To Resume Full Factory Operation Worldwide In August Amid Strong US Sales And Demand

IRVINE, Calif., July 22, 2020 /PRNewswire-HISPANIC PR WIRE/ — Starting in August, Mazda Motor Corporation will return to normal factory operations, or pre-COVID-19 levels, amid increased sales and future forecast for product demand in the U.S. In June, Mazda North American Operations achieved a sales increase of nearly 11 percent year-over-year. Most notably, the three-row CX-9 and MX-5 roadster volumes grew approximately 50 percent and 25 percent, respectively.

<div id="prni_dvprnejpg5418left"…

IRVINE, Calif., July 22, 2020 /PRNewswire-HISPANIC PR WIRE/ — Starting in August, Mazda Motor Corporation will return to normal factory operations, or pre-COVID-19 levels, amid increased sales and future forecast for product demand in the U.S. In June, Mazda North American Operations achieved a sales increase of nearly 11 percent year-over-year. Most notably, the three-row CX-9 and MX-5 roadster volumes grew approximately 50 percent and 25 percent, respectively.

Mazda North American Operations is headquartered in Irvine, Calif., and oversees the sales, marketing, parts and customer service support of Mazda vehicles in the United States and Mexico through nearly 700 dealers. Operations in Mexico are managed by Mazda Motor de Mexico in Mexico City. For more information on Mazda vehicles, including photography and B-roll, please visit the online Mazda media center at www.mazdausamedia.com.

Through the remainder of July, Mazda will end production adjustments implemented at plants in Japan, Mexico and Thailand caused by the pandemic. Mazda has been monitoring inventory levels and modifying production since the end of March. Currently, almost all dealerships worldwide have resumed sale operations.

Globally, Mazda remains cautious and flexible regarding the risk posed by COVID-19 and will closely monitor trends and demand in each market where Mazda vehicles are shipped.

Mazda North American Operations is headquartered in Irvine, California, and oversees the sales, marketing, parts and customer service support of Mazda vehicles in the United States and Mexico through approximately 620 dealers. Operations in Mexico are managed by Mazda Motor de Mexico in Mexico City. For more information on Mazda vehicles, including photography and B-roll, please visit the online Mazda media center at InsideMazda.MazdaUSA.com/Newsroom.

Follow MNAO’s social media channels through Twitter and Instagram at @MazdaUSA and Facebook at Facebook.com/MazdaUSA.

Logo – https://mma.prnewswire.com/media/53154/mazda_north_american_operations_logo.jpg  

SOURCE Mazda North American Operations

Mazda To Resume Full Factory Operation Worldwide In August Amid Strong US Sales And Demand

IRVINE, Calif., July 22, 2020 /PRNewswire-HISPANIC PR WIRE/ — Starting in August, Mazda Motor Corporation will return to normal factory operations, or pre-COVID-19 levels, amid increased sales and future forecast for product demand in the U.S. In June, Mazda North American Operations achieved a sales increase of nearly 11 percent year-over-year. Most notably, the three-row CX-9 and MX-5 roadster volumes grew approximately 50 percent and 25 percent, respectively.

<div id="prni_dvprnejpg5418left"…

IRVINE, Calif., July 22, 2020 /PRNewswire-HISPANIC PR WIRE/ — Starting in August, Mazda Motor Corporation will return to normal factory operations, or pre-COVID-19 levels, amid increased sales and future forecast for product demand in the U.S. In June, Mazda North American Operations achieved a sales increase of nearly 11 percent year-over-year. Most notably, the three-row CX-9 and MX-5 roadster volumes grew approximately 50 percent and 25 percent, respectively.

Mazda North American Operations is headquartered in Irvine, Calif., and oversees the sales, marketing, parts and customer service support of Mazda vehicles in the United States and Mexico through nearly 700 dealers. Operations in Mexico are managed by Mazda Motor de Mexico in Mexico City. For more information on Mazda vehicles, including photography and B-roll, please visit the online Mazda media center at www.mazdausamedia.com.

Through the remainder of July, Mazda will end production adjustments implemented at plants in Japan, Mexico and Thailand caused by the pandemic. Mazda has been monitoring inventory levels and modifying production since the end of March. Currently, almost all dealerships worldwide have resumed sale operations.

Globally, Mazda remains cautious and flexible regarding the risk posed by COVID-19 and will closely monitor trends and demand in each market where Mazda vehicles are shipped.

Mazda North American Operations is headquartered in Irvine, California, and oversees the sales, marketing, parts and customer service support of Mazda vehicles in the United States and Mexico through approximately 620 dealers. Operations in Mexico are managed by Mazda Motor de Mexico in Mexico City. For more information on Mazda vehicles, including photography and B-roll, please visit the online Mazda media center at InsideMazda.MazdaUSA.com/Newsroom.

Follow MNAO’s social media channels through Twitter and Instagram at @MazdaUSA and Facebook at Facebook.com/MazdaUSA.

Logo – https://mma.prnewswire.com/media/53154/mazda_north_american_operations_logo.jpg  

SOURCE Mazda North American Operations

Toyota Motor North America Announces Executive Changes

PLANO, Texas, July 22, 2020 /PRNewswire-HISPANIC PR WIRE/ — Toyota Motor North America (TMNA) announced executive changes to its Social Innovation and Toyota de Mexico operations.

<img id="prnejpg855cleft" title="Toyota logo. (PRNewsFoto/Toyota Media Relations) (PRNewsfoto/Toyota Motor North America)" border="0" alt="Toyota logo. (PRNewsFoto/Toyota Media Relations) (PRNewsfoto/Toyota…

PLANO, Texas, July 22, 2020 /PRNewswire-HISPANIC PR WIRE/ — Toyota Motor North America (TMNA) announced executive changes to its Social Innovation and Toyota de Mexico operations.

Toyota logo. (PRNewsFoto/Toyota Media Relations) (PRNewsfoto/Toyota Motor North America)

Effective September 1, 2020, Sean Suggs, president of Toyota Motor Manufacturing, Mississippi (TMMMS), will be assigned as group vice president, chief social innovation officer, TMNA. Suggs will take on a dual-capped role, keeping his TMMMS responsibilities until further notice. 

In his new role, Suggs is responsible for TMNA’s philanthropic efforts, the Toyota USA Foundation, and the corporate diversity and inclusion strategy. He will report to Sandra Phillips Rogers, group vice president, general counsel, chief legal officer and chief diversity officer, TMNA.

As president of TMMMS, Suggs will continue to report to Brian Krinock, senior vice president, vehicle plants, TMNA.

Suggs is replacing Albert (Al) Smith, Jr., group vice president, chief social innovation officer, TMNA, who is retiring after 30 years with the company. Smith was instrumental in shaping the company’s Social Innovation team and its direction. Under his leadership, Toyota has been recognized by numerous organizations for its commitment to improving the communities where we operate and for its diversity and inclusion initiatives, resulting in Toyota’s rise in the rankings to 10th place on DiversityInc’s 2020 Top 50 Companies for Diversity®.

«Strong community engagement and inclusiveness have become more prevalent in our daily lives,» said Phillips Rogers. «We thank Al for all he has done for our company, and Sean will continue to uphold Toyota’s commitment for Respect for All, while helping to create future initiatives that will make a lasting, positive impact on our workplace, marketplace and society.»

In addition, effective August 3, 2020, Luis Lozano, external affairs senior director, general counsel and compliance, Toyota Motor Sales de México (TMEX) will be assigned as president of Toyota de Mexico (TdM). Lozano will replace Mike Bafan, current president of TdM.

Lozano, who joined the company in 2005, will be responsible for public affairs, including Legal and Compliance, Government and Regulatory Affairs, Communications and Corporate Social Responsibility, and Customs and Trade Compliance for Toyota in Mexico. He will report to Chris Reynolds, chief administrative officer, manufacturing and corporate resources, TMNA. 

Bafan remains chairman of Toyota Manufacturing de Baja California (TMMBC) and Toyota Motor Manufacturing de Guanajuato (TMMGT) and group vice president, Manufacturing Project Innovation Center (MPIC), TMNA, based in Plano, Texas.

Tom Sullivan remains president of TMEX responsible for sales and working with Toyota’s dealer network in Mexico.

Additionally, Jun Umemura, who served as group vice president of Mexico Affairs, TMNA, will be retiring after more than 50 years of service with Toyota.

During Umemura’s 50-year career with Toyota, he has helped the company establish its U.S. manufacturing operations in 1984 and was involved with the planning and start-up of the company’s first wholly-owned vehicle manufacturing facilities in Kentucky and Ontario, Canada.  He was also responsible for the start-up of Toyota Motor Manufacturing Baja California (TMMBC), Toyota’s first plant in Mexico, established in 2002. In 2016, he became group vice president of TMNA, responsible for Mexico operations, as well as Board member and executive advising officer for TMEX, TMMBC and Toyota Motor Manufacturing Guanajuato (TMMGT).

«Jun’s Toyota career spans five decades and helped lay the groundwork for our manufacturing footprint, represented today by 14 plants in North America,» said Reynolds. «At the same time, Al’s career spanned three decades and his contributions to the organizations’ shared impact strategy, corporate planning, sales and service operations are unparalleled. We thank Jun and Al for their dedicated service to Toyota and our customers, and welcome Sean and Luis, both of whom are proven leaders, well-respected within the industry and passionate about our company.»

About Toyota:
Toyota (NYSE:TM) has been a part of the cultural fabric in the U.S. and North America for more than 60 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands. During that time, Toyota has created a tremendous value chain as our teams have contributed to world-class design, engineering, and assembly of more than 40 million cars and trucks in North America, where we have 14 manufacturing plants, 15 including our joint venture in Alabama (10 in the U.S.), and directly employ more than 47,000 people (over 36,000 in the U.S.). Our 1,800 North American dealerships (nearly 1,500 in the U.S.) sold nearly 2.8 million cars and trucks (nearly 2.4 million in the U.S.) in 2019.

Through the Start Your Impossible campaign, Toyota highlights the way it partners with community, civic, academic and governmental organizations to address our society’s most pressing mobility challenges. We believe that when people are free to move, anything is possible. For more information about Toyota, visit www.toyotanewsroom.com.

Contact:  Victor Vanov 469.292.1318

Logo – https://mma.prnewswire.com/media/785813/TOYOTA_MEDIA_RELATIONS_LOGO.jpg  

SOURCE Toyota Motor North America

Toyota Motor North America Announces Executive Changes

PLANO, Texas, July 22, 2020 /PRNewswire-HISPANIC PR WIRE/ — Toyota Motor North America (TMNA) announced executive changes to its Social Innovation and Toyota de Mexico operations.

<img id="prnejpg855cleft" title="Toyota logo. (PRNewsFoto/Toyota Media Relations) (PRNewsfoto/Toyota Motor North America)" border="0" alt="Toyota logo. (PRNewsFoto/Toyota Media Relations) (PRNewsfoto/Toyota…

PLANO, Texas, July 22, 2020 /PRNewswire-HISPANIC PR WIRE/ — Toyota Motor North America (TMNA) announced executive changes to its Social Innovation and Toyota de Mexico operations.

Toyota logo. (PRNewsFoto/Toyota Media Relations) (PRNewsfoto/Toyota Motor North America)

Effective September 1, 2020, Sean Suggs, president of Toyota Motor Manufacturing, Mississippi (TMMMS), will be assigned as group vice president, chief social innovation officer, TMNA. Suggs will take on a dual-capped role, keeping his TMMMS responsibilities until further notice. 

In his new role, Suggs is responsible for TMNA’s philanthropic efforts, the Toyota USA Foundation, and the corporate diversity and inclusion strategy. He will report to Sandra Phillips Rogers, group vice president, general counsel, chief legal officer and chief diversity officer, TMNA.

As president of TMMMS, Suggs will continue to report to Brian Krinock, senior vice president, vehicle plants, TMNA.

Suggs is replacing Albert (Al) Smith, Jr., group vice president, chief social innovation officer, TMNA, who is retiring after 30 years with the company. Smith was instrumental in shaping the company’s Social Innovation team and its direction. Under his leadership, Toyota has been recognized by numerous organizations for its commitment to improving the communities where we operate and for its diversity and inclusion initiatives, resulting in Toyota’s rise in the rankings to 10th place on DiversityInc’s 2020 Top 50 Companies for Diversity®.

«Strong community engagement and inclusiveness have become more prevalent in our daily lives,» said Phillips Rogers. «We thank Al for all he has done for our company, and Sean will continue to uphold Toyota’s commitment for Respect for All, while helping to create future initiatives that will make a lasting, positive impact on our workplace, marketplace and society.»

In addition, effective August 3, 2020, Luis Lozano, external affairs senior director, general counsel and compliance, Toyota Motor Sales de México (TMEX) will be assigned as president of Toyota de Mexico (TdM). Lozano will replace Mike Bafan, current president of TdM.

Lozano, who joined the company in 2005, will be responsible for public affairs, including Legal and Compliance, Government and Regulatory Affairs, Communications and Corporate Social Responsibility, and Customs and Trade Compliance for Toyota in Mexico. He will report to Chris Reynolds, chief administrative officer, manufacturing and corporate resources, TMNA. 

Bafan remains chairman of Toyota Manufacturing de Baja California (TMMBC) and Toyota Motor Manufacturing de Guanajuato (TMMGT) and group vice president, Manufacturing Project Innovation Center (MPIC), TMNA, based in Plano, Texas.

Tom Sullivan remains president of TMEX responsible for sales and working with Toyota’s dealer network in Mexico.

Additionally, Jun Umemura, who served as group vice president of Mexico Affairs, TMNA, will be retiring after more than 50 years of service with Toyota.

During Umemura’s 50-year career with Toyota, he has helped the company establish its U.S. manufacturing operations in 1984 and was involved with the planning and start-up of the company’s first wholly-owned vehicle manufacturing facilities in Kentucky and Ontario, Canada.  He was also responsible for the start-up of Toyota Motor Manufacturing Baja California (TMMBC), Toyota’s first plant in Mexico, established in 2002. In 2016, he became group vice president of TMNA, responsible for Mexico operations, as well as Board member and executive advising officer for TMEX, TMMBC and Toyota Motor Manufacturing Guanajuato (TMMGT).

«Jun’s Toyota career spans five decades and helped lay the groundwork for our manufacturing footprint, represented today by 14 plants in North America,» said Reynolds. «At the same time, Al’s career spanned three decades and his contributions to the organizations’ shared impact strategy, corporate planning, sales and service operations are unparalleled. We thank Jun and Al for their dedicated service to Toyota and our customers, and welcome Sean and Luis, both of whom are proven leaders, well-respected within the industry and passionate about our company.»

About Toyota:
Toyota (NYSE:TM) has been a part of the cultural fabric in the U.S. and North America for more than 60 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands. During that time, Toyota has created a tremendous value chain as our teams have contributed to world-class design, engineering, and assembly of more than 40 million cars and trucks in North America, where we have 14 manufacturing plants, 15 including our joint venture in Alabama (10 in the U.S.), and directly employ more than 47,000 people (over 36,000 in the U.S.). Our 1,800 North American dealerships (nearly 1,500 in the U.S.) sold nearly 2.8 million cars and trucks (nearly 2.4 million in the U.S.) in 2019.

Through the Start Your Impossible campaign, Toyota highlights the way it partners with community, civic, academic and governmental organizations to address our society’s most pressing mobility challenges. We believe that when people are free to move, anything is possible. For more information about Toyota, visit www.toyotanewsroom.com.

Contact:  Victor Vanov 469.292.1318

Logo – https://mma.prnewswire.com/media/785813/TOYOTA_MEDIA_RELATIONS_LOGO.jpg  

SOURCE Toyota Motor North America

Toyota Motor North America Announces Executive Changes

PLANO, Texas, July 22, 2020 /PRNewswire-HISPANIC PR WIRE/ — Toyota Motor North America (TMNA) announced executive changes to its Social Innovation and Toyota de Mexico operations.

<img id="prnejpg855cleft" title="Toyota logo. (PRNewsFoto/Toyota Media Relations) (PRNewsfoto/Toyota Motor North America)" border="0" alt="Toyota logo. (PRNewsFoto/Toyota Media Relations) (PRNewsfoto/Toyota…

PLANO, Texas, July 22, 2020 /PRNewswire-HISPANIC PR WIRE/ — Toyota Motor North America (TMNA) announced executive changes to its Social Innovation and Toyota de Mexico operations.

Toyota logo. (PRNewsFoto/Toyota Media Relations) (PRNewsfoto/Toyota Motor North America)

Effective September 1, 2020, Sean Suggs, president of Toyota Motor Manufacturing, Mississippi (TMMMS), will be assigned as group vice president, chief social innovation officer, TMNA. Suggs will take on a dual-capped role, keeping his TMMMS responsibilities until further notice. 

In his new role, Suggs is responsible for TMNA’s philanthropic efforts, the Toyota USA Foundation, and the corporate diversity and inclusion strategy. He will report to Sandra Phillips Rogers, group vice president, general counsel, chief legal officer and chief diversity officer, TMNA.

As president of TMMMS, Suggs will continue to report to Brian Krinock, senior vice president, vehicle plants, TMNA.

Suggs is replacing Albert (Al) Smith, Jr., group vice president, chief social innovation officer, TMNA, who is retiring after 30 years with the company. Smith was instrumental in shaping the company’s Social Innovation team and its direction. Under his leadership, Toyota has been recognized by numerous organizations for its commitment to improving the communities where we operate and for its diversity and inclusion initiatives, resulting in Toyota’s rise in the rankings to 10th place on DiversityInc’s 2020 Top 50 Companies for Diversity®.

«Strong community engagement and inclusiveness have become more prevalent in our daily lives,» said Phillips Rogers. «We thank Al for all he has done for our company, and Sean will continue to uphold Toyota’s commitment for Respect for All, while helping to create future initiatives that will make a lasting, positive impact on our workplace, marketplace and society.»

In addition, effective August 3, 2020, Luis Lozano, external affairs senior director, general counsel and compliance, Toyota Motor Sales de México (TMEX) will be assigned as president of Toyota de Mexico (TdM). Lozano will replace Mike Bafan, current president of TdM.

Lozano, who joined the company in 2005, will be responsible for public affairs, including Legal and Compliance, Government and Regulatory Affairs, Communications and Corporate Social Responsibility, and Customs and Trade Compliance for Toyota in Mexico. He will report to Chris Reynolds, chief administrative officer, manufacturing and corporate resources, TMNA. 

Bafan remains chairman of Toyota Manufacturing de Baja California (TMMBC) and Toyota Motor Manufacturing de Guanajuato (TMMGT) and group vice president, Manufacturing Project Innovation Center (MPIC), TMNA, based in Plano, Texas.

Tom Sullivan remains president of TMEX responsible for sales and working with Toyota’s dealer network in Mexico.

Additionally, Jun Umemura, who served as group vice president of Mexico Affairs, TMNA, will be retiring after more than 50 years of service with Toyota.

During Umemura’s 50-year career with Toyota, he has helped the company establish its U.S. manufacturing operations in 1984 and was involved with the planning and start-up of the company’s first wholly-owned vehicle manufacturing facilities in Kentucky and Ontario, Canada.  He was also responsible for the start-up of Toyota Motor Manufacturing Baja California (TMMBC), Toyota’s first plant in Mexico, established in 2002. In 2016, he became group vice president of TMNA, responsible for Mexico operations, as well as Board member and executive advising officer for TMEX, TMMBC and Toyota Motor Manufacturing Guanajuato (TMMGT).

«Jun’s Toyota career spans five decades and helped lay the groundwork for our manufacturing footprint, represented today by 14 plants in North America,» said Reynolds. «At the same time, Al’s career spanned three decades and his contributions to the organizations’ shared impact strategy, corporate planning, sales and service operations are unparalleled. We thank Jun and Al for their dedicated service to Toyota and our customers, and welcome Sean and Luis, both of whom are proven leaders, well-respected within the industry and passionate about our company.»

About Toyota:
Toyota (NYSE:TM) has been a part of the cultural fabric in the U.S. and North America for more than 60 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands. During that time, Toyota has created a tremendous value chain as our teams have contributed to world-class design, engineering, and assembly of more than 40 million cars and trucks in North America, where we have 14 manufacturing plants, 15 including our joint venture in Alabama (10 in the U.S.), and directly employ more than 47,000 people (over 36,000 in the U.S.). Our 1,800 North American dealerships (nearly 1,500 in the U.S.) sold nearly 2.8 million cars and trucks (nearly 2.4 million in the U.S.) in 2019.

Through the Start Your Impossible campaign, Toyota highlights the way it partners with community, civic, academic and governmental organizations to address our society’s most pressing mobility challenges. We believe that when people are free to move, anything is possible. For more information about Toyota, visit www.toyotanewsroom.com.

Contact:  Victor Vanov 469.292.1318

Logo – https://mma.prnewswire.com/media/785813/TOYOTA_MEDIA_RELATIONS_LOGO.jpg  

SOURCE Toyota Motor North America

COVID-19 impacts Texas home sales, while prices rise in second quarter of 2020

AUSTIN, Texas, July 22, 2020 /PRNewswire-HISPANIC PR WIRE/ — The mandatory shelter-in-place orders related to COVID-19 caused the number of home sales across Texas to decline in the second quarter of 2020, while median price increased, according to the <a target="_blank"…

AUSTIN, Texas, July 22, 2020 /PRNewswire-HISPANIC PR WIRE/ — The mandatory shelter-in-place orders related to COVID-19 caused the number of home sales across Texas to decline in the second quarter of 2020, while median price increased, according to the 2020-Q2 Texas Quarterly Housing Report released today by Texas Realtors.

Texas Association of Realtors logo.

«Even though Texans entered Q2 in the jaws of COVID-19, the housing market held its own,» said Cindi Bulla, chairman of Texas Realtors. «The second quarter of 2020 fared amazingly well by comparison to the same period of 2019, which was arguably one of our best years ever. Gov. Abbott’s early declaration of real estate as an essential service allowed Texas Realtors to transition to virtual platforms and carefully choreographed safety protocols for the few necessary in-person contacts, virtually eliminating disruption to the real estate sector.»

Home sales declined 9.9%, with 91,970 homes sold in the second quarter of 2020. Statewide, the median price increased 2.9% to $252,000. Of all the homes sold within the second quarter, 34.6% were priced from $200,000 to $299,999, the highest share of sales among all price-class distributions.

Jim Gaines, Ph.D., chief economist with the Real Estate Center at Texas A&M University, commented, «With COVID-19 and the mandatory shut down, the Texas housing market performed as expected in Q2. We have a tighter market compared to last year, causing prices to remain high. However, in June we saw demand pick up with buyers becoming more active and taking advantage of the low interest rates. The housing market is one of the few segments of the economy that has held strong. Barring another shutdown, we anticipate it to perform reasonably well in Q3.»

Active listings declined 22% in Q2 to 88,337 listings. Texas homes spent an average of 57 days on the market during the same time frame, five days more than the second quarter of 2019.

Housing inventory in Texas declined 0.9 months to 3.0 months of inventory. According to the Real Estate Center at Texas A&M University, a market balanced between supply and demand has between 6.0 and 6.5 months of inventory.

Chairman Bulla concluded, «It’s important to note that closed sales are off by only 10% compared to the second quarter of 2019. Pent up demand still resulted in rising prices, though at a slower pace. There is every reason for optimism as we move into Q3. However, our biggest problem remains the availability of affordable inventory.»

About the Texas Quarterly Housing Report
Data for the Texas Quarterly Housing Report is provided by the Data Relevance Project, a partnership among local REALTOR® associations and their MLSs, and Texas REALTORS®, with analysis by the Real Estate Center at Texas A&M. The report provides quarterly real estate sales data for Texas and 25 metropolitan statistical areas in Texas. To view the report in its entirety, visit texasrealestate.com

About Texas REALTORS®
With more than 135,000 members, Texas REALTORS® is a professional membership organization that represents all aspects of real estate in Texas. In 2020, Texas REALTORS® is celebrating a century of shaping Texas by being the advocate for private property rights, maintaining the highest standards of professionalism, and providing its members with the tools to achieve success. Visit texasrealestate.com to learn more.

Contact: Morgan Moritz, mmoritz@piercom.com

Logo – https://mma.prnewswire.com/media/175272/texas_association_of_realtors_logo.jpg

SOURCE Texas REALTORS