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Auto / Автопресса

Firm Toyota has offered the possession of cars by subscription

DRIVE.RU 05.02.2019 at 10:01

Toyota Motor Corp. has established a subsidiary company KINTO with headquarters in Nagoya and registered capital of 1.8 billion yen. It will offer in the domestic market a new service: the ownership of the car on the subscription (the high-sounding talk about "a new relationship between car and person"). As a General idea of the system is reminiscent of the recently introduced subscription model Polestar, though differing in detail. Shares KINTO 66.6% owned by Toyota Financial Services (is a wholly owned subsidiary of Toyota), and by 33.4% — Sumitomo Mitsui Auto Service Company.