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VIDEO: Toyota announces the launch of KINTO Europe - A new mobility services company for the region
KINTO Europe, a joint venture between Toyota Motor Europe (TME) and Toyota Financial Services (TFS) is set to open in April 2021, based in Cologne. This new business will manage KINTO mobility services across the region, supporting the progress of KINTO from a mobility project to a mobility company. Toyota’s European retailer network will play a crucial role in the delivery of new KINTO mobility services, alongside their traditional vehicle sales and repair operations.
VIDEO: Lexus reveals DIRECT4 next-generation electric drive control technology
DIRECT4 is a core Lexus Electrified technology to achieve unique dynamic performance, or ‘Lexus Driving Signature’, for future hybrid and battery electric vehicles. This new system provides instant electric control to all four wheels to transform dynamic performance, working instantaneously according to driving conditions and driver intentions.
VIDEO: Toyota's confident plans for Europe
In 2020, Toyota sales dropped 10% but the market fell 22%. The business remains profitable and, despite COVID-19, Toyota's outlook for 2021 signals a strong rebound. The company anticipates significant growth for hybrid and plug-in hybrid products in the next 5 years, and with an accompanying range of battery-electric and fuel cell powertrains, Toyota/Lexus targets are bullish: 1.4 million sales in Europe by 2025 -- and a 6.5% market share.