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Toyota Opportunity Exchange Matches Minority Businesses with Its Suppliers

Keith White, president of Liggon Trucking, felt pretty good when he headed back to Evansville, Ind., following his first visit to the Toyota Opportunity Exchange last November.

  By the time the two-day event that provides minority-owned businesses like Liggon the opportunity to network with Toyota’s direct suppliers was over, White had solidified a deal with Tier I supplier Millennium Steel Service that involved him adding a flatbed-hauling division to his company.  It also meant the addition of nine employees, six trucks and $1.2 million in new 2012 revenue.

  “It helped us see another avenue for growth,” said White, whose four-year old company previously focused only on the dump-truck hauling side of the business.  “We had been working with Millennium to expand, but it was at Opportunity Exchange where we were able to sit down and solidify a plan and strategy.  Toyota has created a legacy of encouraging its Tier I suppliers to develop and open the door for smaller minority-owned companies.”

  Toyota Motor Engineering & Manufacturing North America (TEMA) concludes the 23^rd running of the event today at the Duke Energy Convention Center in downtown Cincinnati.  In all, nearly 1,600 people will have gathered at one of the largest minority business events in the country – free of charge.  Over just the past two years, more than $75 million worth of contracts were generated by minority business enterprises (MBEs) as a result.

  Adrienne Trimble, manager, supplier diversity for TEMA, said the experience by Liggon and Millennium is what the event is all about. 

  “Each year, Opportunity Exchange offers our current and prospective suppliers a targeted forum for establishing and building meaningful business relationships, Trimble said.  “We expect many more success stories this year.”

  The event kicked off yesterday with seminars and panel discussions focusing on several topics, including how MBEs and Tier I suppliers can turn these relationships into opportunities.  Also, Toyota MBE suppliers (both direct and indirect) shared their success stories in relation to how innovation leads to lower cost of products, resulting in more business.

  John E. Pepper, Jr., chairman of the National Underground Railroad and Freedom Center and retired chairman and CEO of The Procter & Gamble Co., provided the keynote presentation at today’s breakfast.  Following the breakfast, the tradeshow floor opened for business.

Courtesy of Toyota Press Room

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This is normally the coolant level warning light. If this comes on it means that the level of coolant in your radiator is low and needs topping up. DO NOT OPEN THE RADIATOR CAP WHEN THE ENGINE IS HOT! The coolant system is pressurized and it could easily release pressure and spray you with boiling coolant. Do it when the engine is cold. Top up the system with either a pre-mixed coolant bought from a shop, or with distilled water. Don't use tap water - the mineral deposits in it boil out in the cooling system and calcium gets deposited around the inside of the radiator making it less efficient (which will eventually cause it to fail). It's always best to use pre-mixed coolant, or to mix your own rather than using neat water. The coolant mixture behaves as antifreeze in the winter as well as a corrosion-inhibitor to stop your engine rusting from the inside out.

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Toyota Donates $1 Million to Support Hurricane Sandy Relief Efforts

Toyota today announced a $1 million contribution to the American Red Cross and other nonprofit organizations to support relief efforts for victims of Hurricane Sandy in the regions worst-hit by the storm. In addition, Toyota will match employee contributions to the American Red Cross and other non-profits doing relief and recovery work in affected communities.

Commenting on the donation, Shigeki Terashi, president and chief operating officer of Toyota Motor North America, Inc., said, “On behalf of Toyota, we express our sincere condolences to the families affected by Hurricane Sandy. Since we have operations and many dealerships in the affected regions, we felt a special responsibility to lend a hand. In addition to this contribution, many Toyota employees are already involved in volunteer activities to support those in need. We very much appreciate their support.”

Beginning Nov. 1, Toyota Financial Services (TFS) and Lexus Financial Services (LFS) will launch a “Customer Outreach” calling campaign to lease and retail customers who are delinquent, or become delinquent, due to circumstances related to the storm and who reside in the 13 states directly impacted by the hurricane (CT, DC, DE, MA, MD, ME, NH, NJ, NY, PA, RI, VA, VT and WV) and in the District of Columbia. This campaign will determine if these customers may be eligible to take advantage of payment relief options, some of which include:

• extensions and lease deferred payments;
• redirecting billing statements;
• and arranging phone or on-line payments.

Toyota Financial customers with questions about their account should call (800) 874-8822. Lexus Financial customers with questions about their account should call (800) 874-7050. Qualified residents residing in FEMA-designated areas (of the above-mentioned states and the District) needing to purchase a vehicle may also take advantage of a 90 Day Deferred First Payment Program designed to assist customers with their transportation needs as they work through the recovery process. This program is for a limited time and only available through participating Toyota and Lexus dealers and TFS/LFS.

Toyota Operations
Toyota continues to assess the damage caused by Hurricane Sandy to its operations on the East Coast and reports no known injuries to associates, family members and dealer employees. The storm had the biggest impact on company operations and dealerships in the New Jersey area. Some regional/branch offices, as well as Toyota, Lexus and Scion dealerships, were affected by flooding and power outages. Toyota Logistics Services operations at the Port of Newark (N.J.) sustained water damage to its buildings and a number of vehicles.

Courtesy of Toyota Press Room