Kinto UK Limited has been running for 55 years. TFM completed its acquisition of IFS in December 2019, continuing its expansion in Europe and entering the UK’s fleet management and full-service leasing market with the benefit of IFS’s established operations and customer base. Following the acquisition of Inchcape Fleet Solutions (IFS) by Toyota Fleet Mobility (TFM), the business is to be rebranded as Kinto, the new mobility brand launched by Toyota earlier this year. KINTO Journal [KAKOMI recipe] Clay Pot Bread. Activity Tom Fux, the chief executive of Toyota Fleet Mobility Europe, said: “The acquisition of IFS was an important milestone for TFM in the European market. Inchcape Fleet Solutions, which was acquired by Toyota Fleet Mobility, has now been rebranded as Kinto, along with all of Toyota's mobility and fleet services.Kinto forms part of Toyota’s global vision to evolve into a mobility company by providing all kinds of transportation-related services to people around the world. A multi-award-winning news journalist, Tom is news and features editor for Bauer Media’s AM brand. Holiday: A ticking time bomb for employers? TFM completed its acquisition of IFS in December 2019, continuing its expansion in Europe and entering the UK’s fleet management and full-service leasing market with the benefit of IFS’s established operations and customer base. Your email address will not be published. If you are not a registered user your comment will go to AM for approval before publishing. The rebranding of IFS as Kinto is expected to … All rights reserved. Required fields are marked *. As part of its expansion, Toyota bought the UK leasing arm of Inchcape for 100 million pounds (117 million euros) in October 2019. The rebranding of IFS as Kinto is expected to be completed within the first six months of 2020. To get more great content like this subscribe to our magazine, To keep up to date with the latest news:Subscribe to our enewsletter, Your email address will not be published. VW plans to expand its fleet of WeShare vehicles from 1,500 to 8,400 with the expansion of the scheme from Berlin into Prague and Hamburg in the spring, followed by Paris, Madrid, Budapest, Munich and Milan. Kinto Inchcape Fleet Solutions, which was acquired by Toyota Fleet Mobility, has now been rebranded as Kinto, along with all of Toyota's mobility and fleet services. Yes, I would like to receive marketing communications regarding Business Leader products, services & events. 194561) is authorised and regulated by the Financial Conduct Authority. Please note: All BCA sales currently remain online for trade account holders only and we’re keeping close to the latest government guidance in order to protect our people, customers and suppliers. The Japanese car brand’s fleet division announced the £100 million acquisition of IFS in October last year as the AM100 car retail group carried out a series of disposals from its UK business – including several Volkswagen dealerships – as part of a strategic move detailed in its annual financial results last week. We want to make things as easy as possible for you, so we offer the option to book your MOT and service online. Toyota said that its Kinto offering is dedicated to offering mobility services to users across Europe and is part of Toyota’s global vision to evolve into a mobility company that provides all kinds of services related to the transportation of people, all around the world. As Toyota transitions from being a car manufacturer to a mobility company, rebranding IFS as Kinto not only ensures that the IFS business remains neutral, it also supports our strategy to grow our total European business by adding new mobility services to our traditional business models.”, Matthew Rumble, Managing Director Inchcape Fleet Solutions, said: “With a strong growth plan and investment from our new owners, we are delighted to have this opportunity to grow our business and continue on our exciting fleet and mobility journey under the new Kinto brand.”, Share this post via Facebook, Twitter, Google Plus and LinkedIn, Did you enjoy reading this content?