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. 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. 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to our magazine, To keep up to date with the latest news:Subscribe to our enewsletter, Your email address will not be published. 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. 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? His role demands he keep abreast of all industry and business news to provide coverage of the franchised automotive retail sector and the wider automotive industry, while assisting in the management of the magazine’s production and AM events. © Copyright 2018 BCA. 194561) is authorised and regulated by the Financial Conduct Authority. 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. The UK’s leading event for motor retailers is going VIRTUAL. 502 Worle Park Way, Weston-super-Mare, BS22 6WA, Sign-up to receive the UK’s most influential business email newswire. Qualified Prince 2 Project Manager at KINTO UK formally Inchcape Fleet Solutions.Responsible for customer implementations, supplier and commercial projects and on-boardings together with internal projects where PM guidance is requested. We want to make things as easy as possible for you, so we offer the option to book your MOT and service online. The Financial Times reported that BMW and Daimler’s ShareNow joint venture would be withdrawn from the United States and Canada due the “volatile state of the global mobility landscape” and the “rising infrastructure complexities facing North American transportation”. Inchcape Retail Limited (Co.No. Find out what features are in this month's, and future, issues, © Bauer Consumer Media Ltd In recent months AM has reported on BMW and Daimler’s withdrawal from ambitious plans to develop its joint car sharing business, ShareNow, from the UK amid a lack of appetite from customers and Volkswagen Group’s decision not to include the UK in pilots of its WeShare mobility scheme. Kinto will use the power of data and vehicle connectivity to develop and launch services such as car sharing, carpooling, or subscription where viable but will also provide leasing solutions through Inchcape Fleet Solutions, which offers a complete portfolio of fleet management and funding solutions for passenger and commercial vehicles across corporate, public, not-for-profit and SME sectors. The UK and Europe's largest used vehicle marketplace. 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. Toyota Fleet Mobility (TFM) is set to re-brand Inchcape Fleet Solutions (IFS) under its Kinto personal mobility brand as its looks to “transition from being a car manufacturer to a mobility company”. Your email address will not be published. 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. Video interview with First Dates barman and pub owner Merlin Griffiths – what next for hospitality sector. Now Toyota has revealed that the rebranding of IFS as Kinto is expected to be completed within the first six months of 2020 as the business looks to drive growth through a new range of mobility solutions. Click here to find your nearest dealership. Activity Meanwhile, it will leave Brussels, London and Florence due to “low adoption rates”, leaving it operational in just 18 European cities – including seven in Germany. Kinto is derived from the Japanese word kintoun or flying nimbus, a cloud which provides on-demand transport for a famous animated character in Japan.