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Corporate Social Responsibility
News
9.28.2005 ET
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CSR News from:
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News Category:
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Toyota Contributions to Hurricane Relief Top $7.5 Million
(CSRwire) New York, NY - Toyota (NYSE: TM) today announced additional support
for victims of the Gulf Coast hurricanes. To date, 2005 hurricane relief
pledges from Toyota and its 38,000 employees in North America exceed $7.5
million, including in-kind donations.
Toyota's efforts toward hurricane relief include:
More than $6.5 million in corporate contributions, the majority of
which went to the American Red Cross
A total of $800,000 in company-matched employee donations
A donation of five Hino trucks, worth an estimated $200,000, to the
American Red Cross
Return transportation for a team of medical personnel who were
assisting in American Red Cross relief efforts
Assistance by Toyota Financial Services and Lexus Financial Services
to affected customers including a 90-day extension on payments and
suspension of credit bureau reporting and collection
Shipment of supplies, food and clothing donated by Toyota employees
across North America
To stimulate further giving, employee contributions to the American Red
Cross and other relief organizations will be extended through the end of
October.
Toyota established operations in the US in 1957 and currently operates
eight US manufacturing plants, with two more under construction. There
are over 1,400 Toyota, Lexus and Scion dealerships located in 50 US
states. Selling over 2 million vehicles in the US in 2004, Toyota has a
direct US investment of over $13 billion and direct US employment of over
31,000. According to a 2005 Center for Automotive Research study, Toyota,
along with its dealers and suppliers, has generated over 386,000 U.S.
jobs-- including jobs created through spending by direct, dealer and
supplier employees.
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