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However, the Financial crisis of 2007–2008 and 2009–2011 Toyota vehicle recalls caused Gulf States and Temple to adopt an amendment to the agreement in 2010. GST was allowed to postpone construction for up to five years while compensating the city for infrastructure improvements already made: $4.6 million over three years.
The complex includes a 40,000-square-foot (3,700 m 2) training center, in addition to Gulf States Marketing and Gulf States Financial Services offices. [7] Gulf States Toyota Distributors is one of only two remaining private Toyota distributors in the United States, the rest having been reacquired by Toyota. The other is Southeast Toyota ...
Southeast Toyota Distributors is the larger of the two private distributors of Toyota vehicles in the United States. [14] [5] The other is Gulf States Toyota in Houston, founded by the late Thomas H. Friedkin. [15] Dealerships in the remaining areas of the United States are supplied by Toyota Motor Sales, USA. [14]
In 2014 Toyota announced it was moving its United States headquarters to Plano, Texas in the Dallas-Fort Worth area. [4] The new headquarters will have around 4,000 total employees, including about 2,000 employees from the current headquarters and 1,000 employees from Toyota Financial Services, which also was in Torrance.
The business known as Toyota Financial Services covers more than 30 countries and regions, including Japan. Financial services operations are coordinated by a wholly owned subsidiary of Toyota Motor Corporation (TMC), Toyota Financial Services Corporation (TFSC), which has overall responsibility for the financial services subsidiaries globally.
After the destruction of Hurricane Harvey in August 2017, Toyota Motor North America, announced a collaboration with Toyota Financial Services, The Friedkin Group, Gulf States Toyota and Toyota and Lexus dealers nationwide to offer a combined relief effort of more than $3 million to relief organizations, including SBP. [35] J. J.
At age 35, Dan Friedkin was the CEO of Gulf States Toyota and Friedkin Group. [5] Since 2013, Friedkin has been chairman of Auberge Resorts Collection, a portfolio of luxury resorts, hotels and vacation properties in the U.S., Mexico, Costa Rica, Europe, Caribbean, and Fiji. [6]
Tom Friedkin made an astute investment in a Toyota distributor in the late 1960s that multiplied the family's wealth many times over. [3] As of 2024, Gulf States Toyota is a multibillion dollar business run by Tom's son, Dan Friedkin. In 2015, Friedkin was inducted into the International Air & Space Hall of Fame at the San Diego Air & Space Museum.