Toyota Financial Services Offers Payment Relief to Customers Affected by Texas Storms

PLANO, Texas, Feb. 22, 2021 /PRNewswire-HISPANIC PR WIRE/ — Toyota Financial Services (TFS) announced it is offering payment relief options to its customers affected by the winter storms that struck Texas earlier this month. This broad outreach includes any Toyota Financial…

PLANO, Texas, Feb. 22, 2021 /PRNewswire-HISPANIC PR WIRE/ — Toyota Financial Services (TFS) announced it is offering payment relief options to its customers affected by the winter storms that struck Texas earlier this month. This broad outreach includes any Toyota Financial Services (TFS) or Lexus Financial Services (LFS) customer in the designated disaster areas. 

Toyota Financial Services cares about the safety and well-being of its customers, and wants to help those impacted by this natural disaster. Impacted lease and finance customers residing in the affected areas may be eligible to take advantage of several payment relief options, some of which include:

  • extensions and lease deferred payments;
  • redirecting billing statements; and
  • arranging phone or online payments.

Customers who would like to discuss their account options are encouraged to contact TFS or LFS.

Toyota Financial Services customers may call 800-874-8822 or contact TFS via email using the Mail Center function after logging into ToyotaFinancial.com.

Lexus Financial Services customers may call 800-874-7050 or contact LFS via email using the Mail Center function after logging into LexusFinancial.com.

We extend our heartfelt thoughts to those affected by these storms.

About Toyota Financial Services  

Toyota Financial Services (TFS) is the finance and insurance brand for Toyota in the United States, offering retail auto financing and leasing through Toyota Motor Credit Corporation (TMCC) and Toyota Lease Trust. TFS also offers vehicle and payment protection products through Toyota Motor Insurance Services (TMIS). The company services Lexus dealers and customers using the Lexus Financial Services brand. As of March 31, 2020, TFS employed approximately 3,300 team members nationwide, and had assets totaling nearly $126 billion. It is part of a worldwide network of comprehensive financial services offered by Toyota Financial Services Corporation, a wholly-owned subsidiary of Toyota Motor Corporation. We announce material financial information using the investor relations section of our website (www.toyotafinancial.com) and SEC filings. We use these channels, press releases, and social media to communicate about our company, our services and other issues. While not all information we post on social media is of a material nature, some information could be material. Therefore, we encourage those interested in our company to review our posts on Twitter at www.twitter.com/toyotafinancial

Media Contact: Derrick Brown (469) 486-9065

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SOURCE Toyota Financial Services

Kia Motors America Renews Sponsorship Of B.R.A.K.E.S. Teen Pro-Active Driving School

IRVINE, Calif., Feb. 22, 2021 /PRNewswire-HISPANIC PR WIRE/ — Kia Motors America and B.R.A.K.E.S. (Be Responsible and Keep Everyone Safe) today announced a renewal of their partnership and continued commitment to reducing injuries and saving lives by providing teens and their parents with the tools they need to be responsible behind the wheel. Founded in 2008, B.R.A.K.E.S. combines classroom instruction with hands-on-defensive driver training courses in Kia vehicles for both teen drivers and their…

IRVINE, Calif., Feb. 22, 2021 /PRNewswire-HISPANIC PR WIRE/ — Kia Motors America and B.R.A.K.E.S. (Be Responsible and Keep Everyone Safe) today announced a renewal of their partnership and continued commitment to reducing injuries and saving lives by providing teens and their parents with the tools they need to be responsible behind the wheel. Founded in 2008, B.R.A.K.E.S. combines classroom instruction with hands-on-defensive driver training courses in Kia vehicles for both teen drivers and their parents. Along with their teens, parents are asked to participate as a way to reinforce the lessons teens learn during the classes and as a way to identify and correct any bad habits that may have developed through the years since they themselves began driving. 

Kia Motors America Logo

The first B.R.A.K.E.S. classes of the year took place this past weekend, February 20-21, at the zMax Dragway in Charlotte, North Carolina. Pandemic depending, additional classes to be scheduled across the country when appropriate. All CDC guidelines will be strictly adhered to and B.R.A.K.E.S. is implementing routine cleaning and disinfecting of all classrooms, touchpoints and vehicles to ensure the safety of students, parents and instructors. In addition, B.R.A.K.E.S. has reduced class sizes and will adhere to social distancing and mask wearing guidelines. To register for a class or to view the full upcoming schedule, visit www.putonthebrakes.org.

«The number-one cause of death among teens are car crashes. Education and real-word training are two of the most important ways we can facilitate a change and make a difference in that area, but it wouldn’t be possible without Kia’s help and the fleet of training vehicles the company provides,» said Doug Herbert, drag-racing-champion and founder of B.R.A.K.E.S. «It’s impossible to gauge the exact number of lives the B.R.A.K.E.S schools have saved over the last 13 years. In total, we have trained more than 94,000 teens and their parents. But even if we can only say for certain that we saved just one life, it would all be worth it. The ongoing commitment and support from Kia allow us to continue making America’s roads safer for everyone and for that we are grateful.»

Kia serves as the Official Vehicle and a presenting sponsor of B.R.A.K.E.S., and through the automaker’s support, B.R.A.K.E.S. can offer free training for all attendees. Kia’s sponsorship helps by offsetting costs through a financial donation and the fleet of 44 Kia vehicles, including Soul, Rio and Forte models that are supplied by Kia for each training class.

«Kia is committed to vehicle and road safety, and our partnership with B.R.A.K.E.S. is an important way for us to strengthen our efforts to ‘Accelerate The Good’ through tangible action,» said Russell Wager, vice president, marketing, Kia Motors America. «We congratulate B.R.A.K.E.S. for the life-saving work they have made their mission and Kia is proud to continue our collaboration for years to come.»

Each B.R.A.K.E.S. school includes four hours of training, starting with a short, 45-minute classroom presentation followed by nearly three hours behind the wheel using new Kia vehicles as part of the practical demonstrations. The program includes distracted driving awareness, panic braking, drop-wheel/off-road recovery, crash avoidance and car control/skid recovery – all among the biggest causes of crashes for new drivers. Other educational elements often include ‘Big Rig’ safety, first responder vehicle extrication demonstration, and what to do in the event of a traffic stop.

About Kia Motors America

Headquartered in Irvine, California, Kia Motors America continues to top quality surveys and is recognized as one of the 100 Best Global Brands. Kia serves as the «Official Automotive Partner» of the NBA and offers a complete range of vehicles sold through a network of more than 750 dealers in the U.S., including cars and SUVs proudly assembled in West Point, Georgia.*

For media information, including photography, visit www.kiamedia.com. To receive custom email notifications for press releases the moment they are published, subscribe at www.kiamedia.com/us/en/newsalert.

*The Telluride, Sorento and K5 are assembled in the United States from U.S. and globally sourced parts.

About B.R.A.K.E.S.

Doug Herbert’s B.R.A.K.E.S. (Be Responsible and Keep Everyone Safe) is a GuideStar Platinum-rated 501(c)3 non-profit whose mission is to prevent injuries and save lives by training and educating teenage drivers and their parents about the importance of safe and responsible driving. B.R.A.K.E.S. was founded in 2008 after Top Fuel drag racer Doug Herbert lost his two young sons, Jon and James, in a tragic car crash. Today, 30,000 teens from 43 different states and five countries – and their parents – have graduated from the B.R.A.K.E.S.’ intensive half-day training course, which is free of charge and features hands-on skills exercises taught by professional instructors in a fleet of new vehicles donated by Kia Motors America.

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SOURCE Kia Motors America

#1! Kia Top Mass-Market Brand In J.D. Power Vehicle Dependability Study

IRVINE, California, Feb. 19, 2021 /PRNewswire-HISPANIC PR WIRE/ — Kia was ranked number one among mass-market brands today by J.D. Power in the 2021 Vehicle Dependability Study (VDS) with a reported 97 problems per 100 vehicles. The achievement has been strengthened by three of Kia’s most popular-selling models – the Sorento, Sportage, and Optima – each besting their respective segments. 

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IRVINE, California, Feb. 19, 2021 /PRNewswire-HISPANIC PR WIRE/ — Kia was ranked number one among mass-market brands today by J.D. Power in the 2021 Vehicle Dependability Study (VDS) with a reported 97 problems per 100 vehicles. The achievement has been strengthened by three of Kia’s most popular-selling models – the Sorento, Sportage, and Optima – each besting their respective segments. 

#1! Kia top mass-market brand in J.D. Power Vehicle Dependability Study

«Earning the top spot among mass market brands in J.D. Power’s Vehicle Dependability Study is another new benchmark achievement for Kia’s meteoric rise in the industry,» said Sean Yoon, president & CEO, Kia Motors North America & Kia Motors America.  «This substantial award bolsters our track record in initial quality and shows that the ‘new car luster’ of our world-class vehicles extends far beyond the first 90 days of ownership. Kia owners continue to enjoy and feel confident in their vehicles as the years go by, especially knowing they’re backed by our industry leading warranty.»

The study measures the number of problems per 100 vehicles (PP100) experienced over the last year by owners of their three-year-old vehicles, meaning this study focused on 2018 model year vehicles. It includes 32 nameplates and 153 models, covering problem symptoms grouped into eight major vehicle categories (Seats, HVAC, Features/Controls/Displays (FCD), Driving Experience, Interior, Engine/Transmission, Exterior, Audio/Communication/Entertainment/Navigation (ACEN).

About Kia Motors America
Headquartered in Irvine, California, Kia Motors America continues to top quality surveys and is recognized as one of the 100 Best Global Brands. Kia serves as the «Official Automotive Partner» of the NBA and offers a complete range of vehicles sold through a network of more than 750 dealers in the U.S., including cars and SUVs proudly assembled in West Point, Georgia.*

For media information, including photography, visit www.kiamedia.com. To receive custom email notifications for press releases the moment they are published, subscribe at www.kiamedia.com/us/en/newsalert.

*The Telluride, Sorento and K5 are assembled in the United States from U.S. and globally sourced parts.

1 Tied with Dodge.

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SOURCE Kia Motors America

Toyota Racing Premieres ‘The Dream’

DAYTONA BEACH, Florida, Feb. 15, 2021 /PRNewswire-HISPANIC PR WIRE/ — As NASCAR  kicked off one of the biggest days of the season with the running of the 63rd Daytona 500, Toyota took a moment to encourage the youth of America to find their dream and pursue it.

<img id="prnejpg62acleft" title="Toyota Racing unveils a short film entitled, ‘The Dream.’" border="0" alt="Toyota Racing unveils a short film entitled,…

DAYTONA BEACH, Florida, Feb. 15, 2021 /PRNewswire-HISPANIC PR WIRE/ — As NASCAR  kicked off one of the biggest days of the season with the running of the 63rd Daytona 500, Toyota took a moment to encourage the youth of America to find their dream and pursue it.

Toyota Racing unveils a short film entitled, ‘The Dream.’

Yesterday, Toyota Racing unveiled a short film entitled, ‘The Dream.’ It tells a story of a young, African-American girl looking to achieve her dream of becoming a race car driver. She battles back from adversity and overcomes challenges along the way. With inspiration from the historic victory by 19-year old Gracie Trotter, who became the first female driver to win an ARCA-sanctioned race in September, and the return of Bubba Wallace to the Toyota family, our star realizes that her dream is within reach.

«To be back with Toyota this season and be a part of the Toyota Racing family means a lot to me,» said Bubba Wallace, driver of the No. 23 DoorDash Toyota Camry for 23XI Racing. «What they do on the track is top notch, but it goes beyond the track too. It’s really cool to be a part of things like ‘The Dream’ and their initiatives off the track that align with my own beliefs and how I want to influence the next generation. ‘The Dream’ show others, no matter the circumstances or who you are, to keep fighting and follow your dreams. It may not always be easy, but it will be worth it. It’s a pretty special piece. It’s inspiring, emotional and something that I’m proud to be a part of.»

Toyota has a long history of diversity in motorsports and continues to support several drivers of various ethnicities across all of our motorsports platforms. J.R. Todd, Antron Brown and Alexis DeJoria have established many firsts in motorsports as they all compete for Toyota in the NHRA Drag Racing Series. Jhonnattan Castro and Ken Gushi compete in Formula DRIFT while Trotter and Kaylee Bryson are working their way through the TRD (Toyota Racing Development) driver development ranks in ARCA, late models and USAC racing events.

«Toyota’s commitment to diversity in motorsports aligns with our overall corporate commitment of respect for people,» said Paul Doleshal, group manager of motorsports and assets for Toyota Motor North America. «This film is something we’re all extremely proud of and is a small reminder for everyone to find their dream and pursue it regardless of the challenges that might be in their path. We will continue to look for ways to bring this film to life and help to encourage young people to pursue their passions, especially if that leads them to this great world of motorsports.»

The complete short film was produced in collaboration with whatnot Films out of Charlotte, N.C. and will reside on the Toyota Racing social channels of Twitter and Facebook along with YouTube. A special 60-second condensed version was featured on Fox during the Daytona 500 broadcast.

A link to the full film can be found here: https://youtu.be/wI_QIPRkBBs

About Toyota
Toyota (NYSE:TM) has been a part of the cultural fabric in the U.S. for more than 60 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands, plus our nearly 1,500 dealerships. 

Toyota has created a tremendous value chain and directly employs more than 36,000 in the U.S. The company has contributed world-class design, engineering, and assembly of more than 30 million cars and trucks at our 9 manufacturing plants, 10 including our joint venture in Alabama that begins production in 2021.

To help inspire the next generation for a career in STEM-based fields, including mobility, Toyota launched its virtual education hub at www.TourToyota.com with an immersive experience and chance to visit many of our U.S. manufacturing facilities. The hub also includes a series of free STEM-based lessons and curriculum through Toyota USA Foundation partners, virtual field trips and more. For more information about Toyota, visit www.toyotanewsroom.com.

Media Contacts:
Sam Mahoney
980-900-8573
samuel.mahoney@toyota.com 

Lisa Hughes Kennedy, Golin for Toyota Racing
704-902-6476
lhugheskennedy@golin.com 

Cody Poor, Golin for Toyota Racing
323-578-7159
cpoor@golin.com 

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SOURCE Toyota Racing

All-New 2022 Kia Carnival Multi-Purpose Vehicle Will Transcend the Mainstream on February 23

IRVINE, Calif., Feb. 15, 2021 /PRNewswire-HISPANIC PR WIRE/ — The new Carnival MPV pushes the boundaries of design and innovation to become a multifaceted and unexpected companion. This three-row, seven- or eight-passenger adventurer takes on a bold and boxy appearance that follows the same visual language that defined the brand’s recent lineup of rugged utility vehicles, such as Telluride, Sorento, and Seltos. Highlights include best-in-class cargo volume, a class-leading 290-horsepower V6, and a…

IRVINE, Calif., Feb. 15, 2021 /PRNewswire-HISPANIC PR WIRE/ — The new Carnival MPV pushes the boundaries of design and innovation to become a multifaceted and unexpected companion. This three-row, seven- or eight-passenger adventurer takes on a bold and boxy appearance that follows the same visual language that defined the brand’s recent lineup of rugged utility vehicles, such as Telluride, Sorento, and Seltos. Highlights include best-in-class cargo volume, a class-leading 290-horsepower V6, and a wide array of ADAS features with segment-exclusive Blind-Spot View Monitor. The Carnival will be the first vehicle in the U.S. to proudly wear the new Kia badge and promote our new global brand identity.

All-New 2022 Kia Carnival Multi-Purpose Vehicle Will Transcend the Mainstream on February 23

Please join us HERE for the virtual reveal of the 2022 Carnival MPV at 11:00AM PST on Tuesday, February 23.

About Kia Motors America
Headquartered in Irvine, California, Kia Motors America continues to top quality surveys and is recognized as one of the 100 Best Global Brands. Kia serves as the «Official Automotive Partner» of the NBA and offers a complete range of vehicles sold through a network of more than 750 dealers in the U.S., including cars and SUVs proudly assembled in West Point, Georgia.*

For media information, including photography, visit www.kiamedia.com. To receive custom email notifications for press releases the moment they are published, subscribe at www.kiamedia.com/us/en/newsalert.

*The Telluride, Sorento and K5 are assembled in the United States from U.S. and globally sourced parts.

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SOURCE Kia Motors America

Kia K5 Midsize Sedan And Sorento SUV Named Among The «Best New Cars For 2021» By Autotrader

IRVINE, California, Feb. 12, 2021 /PRNewswire-HISPANIC PR WIRE/ — Two of Kia’s newest and most popular models, the K5 midsize sedan and the Sorento SUV, have been named among the «Best New Cars for 2021» by Autotrader, marking the latest industry awards for Kia’s world-class model lineup.

<img id="prnejpgd33dleft" title="Kia K5 Midsize Sedan and Sorento SUV Named Among the "Best New Cars for 2021" by…

IRVINE, California, Feb. 12, 2021 /PRNewswire-HISPANIC PR WIRE/ — Two of Kia’s newest and most popular models, the K5 midsize sedan and the Sorento SUV, have been named among the «Best New Cars for 2021» by Autotrader, marking the latest industry awards for Kia’s world-class model lineup.

Kia K5 Midsize Sedan and Sorento SUV Named Among the "Best New Cars for 2021" by Autotrader

«Having two all-new models, the K5 midsize sedan and the Sorento SUV, included among Autotrader’s ‘Best New Cars for 2021’ is a testament to Kia’s commitment to design, quality, and the ownership experience,» said Sean Yoon, president, Kia Motors North America & Kia Motors America. «This latest recognition of the Kia brand shows that our dedicated philosophy of building sporty sedans and capable SUVs is resonating with customers and the experts at Autotrader.»

Autotrader praised the K5 for its head-turning exterior and a roomy, high-tech interior. In addition, the K5’s high-end options, sharp handling, and fresh new look are cited as reasons the sporty midsize sedan was so appealing. Autotrader also noted its eye-catching design, especially in GT trim, rivaled that of some German sport sedan makers.

The 2021 Sorento was noted for its ability to transform from budget-friendly SUV to a near-luxury SUV with only a few options and it was praised for its handling characteristics, particularly in the rugged X-Line trim. Comparing the all-new Sorento to the award-winning Telluride, Autotrader noted Kia has captured the spirit of its wildly popular midsize SUV in a smaller and nimbler package.   

The Autotrader Best New Cars Award is intended to benefit a broad set of shoppers by highlighting a diverse group of 12 vehicles. Each vehicle on this year’s list was agreed upon unanimously by the entire editorial and data team at Autotrader. To be considered, a vehicle must be of the current or next model-year and available for purchase at the time of the announcement. The editors capped the base price for consideration at $75,000, meaning every contender offers a significant value for the asking price. Not only is value a top priority, but vehicles are also judged on available technology and a rewarding or dynamic driving experience. Each winning vehicle must earn a score of 4.0 or higher on the editors’ 5-point evaluation scorecard to be named a 2021 Autotrader Best New Car.

About Kia Motors America
Headquartered in Irvine, California, Kia Motors America continues to top quality surveys and is recognized as one of the 100 Best Global Brands. Kia serves as the «Official Automotive Partner» of the NBA and offers a complete range of vehicles sold through a network of more than 750 dealers in the U.S., including cars and SUVs proudly assembled in West Point, Georgia.*

For media information, including photography, visit www.kiamedia.com. To receive custom email notifications for press releases the moment they are published, subscribe at www.kiamedia.com/us/en/newsalert.

*The Telluride, Sorento and K5 are assembled in the United States from U.S. and globally sourced parts.

Kia Motors America Logo

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SOURCE Kia Motors America

All-New Kia K5 Receives 2021 Motorweek Drivers’ Choice Award

IRVINE, Calif., Feb. 11, 2021 /PRNewswire-HISPANIC PR WIRE/ — The Kia K5 has earned a 2021 MotorWeek Drivers’ Choice Award, taking the win in the Best Family Sedan category. MotorWeek, television’s longest running automotive magazine show, annually judges the best new cars and trucks of the year. Editors evaluate vehicles based on a variety of factors, taking into account trends and innovations, value, and reliability, among others.

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IRVINE, Calif., Feb. 11, 2021 /PRNewswire-HISPANIC PR WIRE/ — The Kia K5 has earned a 2021 MotorWeek Drivers’ Choice Award, taking the win in the Best Family Sedan category. MotorWeek, television’s longest running automotive magazine show, annually judges the best new cars and trucks of the year. Editors evaluate vehicles based on a variety of factors, taking into account trends and innovations, value, and reliability, among others.

All-new Kia K5 receives 2021 MotorWeek Drivers’ Choice Award

«We built the all-new 2021 K5 with the goal of it being the best in its class, which is why we introduced it with segment exclusives like the available wet dual-clutch transmission,» said Sean Yoon, president and CEO, Kia Motors America, Kia Motors North America. «It’s incredibly satisfying to know that the respected auto experts at MotorWeek enjoy the K5 – it tells us we’re on the right track and motivates us to continue to exceed expectations.»

All new for the 2021 model year, the K5 is the brand’s most powerful mid-size sedan ever with standard turbocharged engines across the board, available all-wheel drive, and a technology-packed premium interior that’s not far off from what you’d find inside a much higher priced luxury vehicle.

«MotorWeek selected the K5 as our Best Family Sedan for 2021 because Kia took the heritage of their already excellent midsize family sedan, the Optima, which has long been one of our staff favorites for daily driving, and elevated it to a new level of total performance for its class,» said John Davis, MotorWeek creator and host. «To us, the K5 is not just a redesign of a middleweight car, but a rethink of the affordable sedan segment as it now includes a full slate of the latest personal and safety technology, modern powertrains that are both energetic and efficient, as well as an all-wheel drive option, all wrapped in great exterior and interior styling that transcends its price class.»

About Kia Motors America
Headquartered in Irvine, California, Kia Motors America continues to top quality surveys and is recognized as one of the 100 Best Global Brands. Kia serves as the «Official Automotive Partner» of the NBA and offers a complete range of vehicles sold through a network of more than 750 dealers in the U.S., including cars and SUVs proudly assembled in West Point, Georgia.*

For media information, including photography, visit www.kiamedia.com. To receive custom email notifications for press releases the moment they are published, subscribe at www.kiamedia.com/us/en/newsalert.

*The Telluride, Sorento and K5 are assembled in the United States from U.S. and globally sourced parts.

Kia Motors America Logo

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SOURCE Kia Motors America

Toyota to Debut Three New Electrified Vehicles for U.S. Market

PLANO, Texas, Feb. 10, 2021 /PRNewswire-HISPANIC PR WIRE/ — Toyota Motor North America (TMNA) announced plans to debut in the U.S. market this year, three new electrified models – two BEVs and a PHEV.

«We continue to be leaders in…

PLANO, Texas, Feb. 10, 2021 /PRNewswire-HISPANIC PR WIRE/ — Toyota Motor North America (TMNA) announced plans to debut in the U.S. market this year, three new electrified models – two BEVs and a PHEV.

«We continue to be leaders in electrification that began with our pioneering introduction of the Prius nearly 25 years ago,» said Bob Carter, TMNA executive vice president of sales. «Toyota’s new electrified product offerings will give customers multiple choices of powertrain that best suits their needs.»

The new electrified models further expand Toyota’s U.S. leadership in alternative powertrain vehicles. Toyota has over 40% share of the total alternative fuel vehicle market, which includes a 75% share of the fuel cell market and a 64% share of hybrids and plug-ins. By 2025, Toyota’s goal is to have 25% of new vehicle sales be electrified models, and by 2030 expects that to increase to nearly 70%.

Globally, Toyota hybrid vehicles sold have avoided an estimated 139 million tons of greenhouse gas (GHG) into the atmosphere. In the U.S., we have avoided approximately 38 million tons of GHG. This achievement is the result of Toyota’s long-standing commitment to the environment and creating a net positive impact on the planet and society. 

Between now and 2025, Toyota and Lexus models, globally, will have an electrified option. Toyota is also developing a dedicated BEV platform, e-TNGA, that offers flexibility for all drive configurations. These initiatives are further steps toward achieving the Toyota Environmental Challenge 2050, introduced in 2015, the most demanding and most inspiring environmental commitments Toyota has ever made.

«We believe the fastest way to lower greenhouse gases in the transportation sector is to offer drivers lower carbon choices that meet their needs,» said Gill Pratt, chief scientist of Toyota Motor Corporation and CEO of Toyota Research Institute. «At every price point and with multiple powertrains, we can put more people in cleaner automobiles across North America to have the greatest near-term impact on total carbon emissions.»

Toyota shared highlights of new internal research evaluating the environmental impact and cost of ownership between a PHEV and a BEV. For this research, Toyota created a tool that shows the trade-off between GHG Emissions and Total Cost of Ownership. The source code for this tool is publicly available at carghg.org for others to experiment with the various input parameters and see the movement of BEVs and PHEVs on the GHG and cost plot. The research found:

  • GHG of a currently available BEV model and PHEV model are roughly the same in on-road performance when factoring in pollutants created by electricity production for the average U.S. energy grid used to charge batteries.
  • Manufacturing is a component of GHG emissions. Using the «Greenhouse gases, Regulated Emissions, and Energy use in Technologies» (GREET) model, researchers found that the production of a PHEV emits less GHG since it uses a smaller, lighter weight battery.
  • The PHEV is much less expensive to buy and own, compared to the BEV. Without any incentives, the five-year Total Cost of Ownership (TCO) of a long-range BEV is significantly higher than the PHEV. If you include incentives available this year (2020), the TCO of a long-range BEV is much higher.

The key point is that a BEV and PHEV can provide similar environmental benefits. Each has a unique profile and can be an optimal solution in different circumstances. By having a diversified product portfolio with multiple forms of vehicle electrification, Toyota can let consumers choose the model that best suits their usage needs and cost profile while maximizing the total contribution to GHG reduction.

Toyota’s progress on Challenge 2050 in North America is measured across four key areas – reducing carbon emissions, conserving water, fostering a sustainable supply chain including waste reduction, and protecting biodiversity. Sustainability planning, strategies and actions are driven by an annual North American Environmental Action Plan, with a five-year roadmap modeled to achieve targets in Challenge 2050 and also the United Nations Sustainable Development Goals (SDGs).  Toyota is currently targeting:

  • Reduction in CO2 from the company’s operations, products and vehicle lifecycle – including logistics, suppliers and dealers
  • Reduction in overall water use per unit of vehicle production by 3% from a 2020 baseline
  • Reduction of procurement of plastic packaging materials by 25% from a 2018 baseline
  • Development of third party validated onsite habitat management policy by 2021 and begin implementation in 2022.

As proof of its commitment, Toyota recently agreed to purchase power from a future Clearway Energy Group wind farm to reduce its overall carbon footprint from electricity used from the power grid. Toyota also provided an annual update toward having a net positive environmental impact in the 2020 North American Environmental Report.

About Toyota

Toyota (NYSE:TM) has been a part of the cultural fabric in the U.S. for more than 60 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands, plus our nearly 1,500 dealerships. 

Toyota has created a tremendous value chain and directly employs more than 36,000 in the U.S. The company has contributed world-class design, engineering, and assembly of more than 30 million cars and trucks at our 9 manufacturing plants, 10 including our joint venture in Alabama that begins production in 2021. 

To help inspire the next generation for a career in STEM-based fields, including mobility, Toyota launched its virtual education hub at www.TourToyota.com with an immersive experience and chance to visit many of our U.S. manufacturing facilities. The hub also includes a series of free STEM-based lessons and curriculum through Toyota USA Foundation partners, virtual field trips and more. For more information about Toyota, visit www.toyotanewsroom.com.

Media Contact:
Tania Saldana
tania.saldana@toyota.com 
469-292-2418

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SOURCE Toyota Motor North America

Kia Niro EV Named Category Winner In New J.D. Power Electric Vehicle Experience Ownership Study

IRVINE, Calif., Feb. 10, 2021 /PRNewswire-HISPANIC PR WIRE/ — The Kia Niro EV has been ranked number one among mass-market brands in the J.D. Power 2021 Electric Vehicle Experience (EVX) Ownership Study. For this inaugural study, J.D. Power surveyed nearly 10,000 electric vehicle (EV) owners on factors including cost-of-ownership, battery range, and driving enjoyment to determine the likelihood of repurchasing and recommending an EV.

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IRVINE, Calif., Feb. 10, 2021 /PRNewswire-HISPANIC PR WIRE/ — The Kia Niro EV has been ranked number one among mass-market brands in the J.D. Power 2021 Electric Vehicle Experience (EVX) Ownership Study. For this inaugural study, J.D. Power surveyed nearly 10,000 electric vehicle (EV) owners on factors including cost-of-ownership, battery range, and driving enjoyment to determine the likelihood of repurchasing and recommending an EV.

Kia Niro EV named category winner in new J.D. Power Electric Vehicle Experience Ownership Study

«At Kia, we are committed to delivering a world-class ownership experience, and as the brand prepares to introduce several new electric vehicles by 2025 under our Plan S strategy, we are proud that our current lineup is already successful among existing and potential EV drivers,» said Sean Yoon, president and CEO, Kia Motors America, Kia Motors North America. «We are honored to win the mass-market category in the EVX Ownership Study, which reinforces our leadership goal in the future mobility industry.»

With a strong existing lineup of electric vehicles and an eye toward future transportation, Kia is moving forward with the implementation of ‘Plan S’ and will invest $25 billion by 2025 on the future of electrification, mobility services, connectivity and autonomy.

The Kia Niro EV opens a world of possibilities for drivers who are drawn toward popular crossovers but also want the benefits electric vehicles offer. With 291 lb.-ft. of torque and four drive modes, the Niro EV’s robust electric powertrain gets drivers where they need to go – quickly – while enjoying advanced technology and connectivity in a stylish package that fits every lifestyle.

«I’m very pleased to present an award to Kia for highest EV ownership satisfaction in the mass market segment,» said Brent Gruber, Senior Director, Global Automotive at J.D. Power. «As the growth of vehicle electrification continues to shape the future of the of the automotive industry, the Kia Niro EV represents a standout model that checks all the right boxes for owners.»

The U.S. EVX Ownership Study, driven by a collaboration with PlugShare, sets the standard for benchmarking satisfaction with the critical attributes that affect the EV ownership experience. The overall EVX ownership index score measures electric vehicle owners’ satisfaction (on a 1,000-point scale) in premium and mass-market segments across seven factors: accuracy of stated battery range; availability of public charging stations; battery range; cost of ownership; driving enjoyment; ease of charging at home; and vehicle quality and reliability. This year’s study was fielded in October-November 2020 and surveyed 9,632 owners of 2015-2021 model year BEVs and PHEVs.

About Kia Motors America

Headquartered in Irvine, California, Kia Motors America continues to top quality surveys and is recognized as one of the 100 Best Global Brands. Kia serves as the «Official Automotive Partner» of the NBA and offers a complete range of vehicles sold through a network of more than 750 dealers in the U.S., including cars and SUVs proudly assembled in West Point, Georgia.*

For media information, including photography, visit www.kiamedia.com. To receive custom email notifications for press releases the moment they are published, subscribe at www.kiamedia.com/us/en/newsalert.

*The Telluride, Sorento and K5 are assembled in the United States from U.S. and globally sourced parts.

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SOURCE Kia Motors America

Kia Wins Trifecta Of 2021 «Best Car For The Money» Awards From U.S. News & World Report

IRVINE, Calif., Feb. 9, 2021 /PRNewswire-HISPANIC PR WIRE/ — Three of the world-class vehicles from Kia Motors America were named «Best Cars for the Money» in their respective categories by U.S. News & World Report. Taking top honors this year are the 2021 Forte, Sorento…

IRVINE, Calif., Feb. 9, 2021 /PRNewswire-HISPANIC PR WIRE/ — Three of the world-class vehicles from Kia Motors America were named «Best Cars for the Money» in their respective categories by U.S. News & World Report. Taking top honors this year are the 2021 Forte, Sorento and Soul models.

Kia Wins Trifecta of 2021 “Best Car for the Money” Awards from U.S. News & World Report

«Kia has outperformed the industry with a world-class lineup of sporty sedans and undeniably capable SUVs, and these Best Cars for the Money awards from U.S. News & World Report speak to the strength and appeal of our entire product line,» said Russell Wager, vice president, marketing, Kia Motors America. «It is not enough to offer stylish, functional and technologically-advanced vehicles that meet and exceed the wants and needs of our customers. There also must be an exceptional value proposition. Our goal is to consistently deliver on that promise.»

Winners were chosen on the basis of quality and value. Quality is determined by each vehicle’s performance in U.S. News & World Report Best Car Rankings and value is measured by a combination of transaction prices and five-year total ownership costs.

«The Kia Sorento’s low price and operating costs make it a great value, and that value comes without compromises on features, comfort or performance,» said Jamie Page Deaton, executive editor, U.S. News & World Report. «Car reviewers love the Forte for its roomy passenger cabin and long list of standard features. Its low price and long-term ownership costs make it a great value. This is a car that buyers – and their budgets – will enjoy owning for the long haul. And the Kia Soul has plenty of interior space and an excellent infotainment system. Its long warranty keeps repair costs low, making it an excellent long-term value.»

About Kia Motors America
Headquartered in Irvine, California, Kia Motors America continues to top quality surveys and is recognized as one of the 100 Best Global Brands. Kia serves as the «Official Automotive Partner» of the NBA and offers a complete range of vehicles sold through a network of more than 750 dealers in the U.S., including cars and SUVs proudly assembled in West Point, Georgia.*

For media information, including photography, visit www.kiamedia.com. To receive custom email notifications for press releases the moment they are published, subscribe at www.kiamedia.com/us/en/newsalert.

*The Telluride, Sorento and K5 are assembled in the United States from U.S. and globally sourced parts.

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SOURCE Kia Motors America