Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Toyota Financial Services Rescue Coastguard


Toyota Financial Services rescue Coastguard with Major Sponsorship following drop in Lotto funds

AUCKLAND, 16 December 2002 - Toyota Financial Services, a leading provider of automotive financial services in New Zealand, today became the first principal sponsor of the Royal New Zealand Coastguard Federation, New Zealand's primary maritime Search and Rescue service. The extensive sponsorship from Toyota Financial Services follows a major reduction in funding from the Lottery Grants Board.

Toyota Financial Services will provide the Coastguard with cash, leased vehicles and marketing support that will enable the Federation and its units to meet their operational and marketing objectives, as well as lay the foundations for a more effective nationwide service. The volunteer organisation, which has assisted more than 50,000 New Zealanders on the water in the last decade, is implementing a new constitutional structure with four revamped regions and new national body.

"This is the first time the Federation has had a national sponsor and we are delighted to have the support of a well-respected company and nationally recognised brand in Toyota Financial Services," says Kevin Rangi, CEO, Royal New Zealand Coastguard Federation. "The partnership with Toyota Financial Services gives us the resources to progress with our restructuring, as well as continue with projects that had been cancelled due to a lack of funds. Now we can focus on what we do best, educating the public about water safety and saving lives."

According to John Garland, Managing Director, Toyota Financial Services, the two organisations have many synergies. "Both Toyota Financial Services and the Coastguard have nationwide networks. The Coastguard has more than 60 units across the country while Toyota Financial Services has a relationship with 55 Toyota dealership outlets throughout New Zealand. In most places where a Coastguard unit is located, you will also find a Toyota dealership," he says.

"Toyota Financial Services wanted to get involved and ensure that this vital community service continues. We also see this partnership as a way for Toyota dealers to support Coastguard at a local level," says Mr Garland.

About Toyota Financial Services

Toyota Financial Services is a leading provider of automotive financial services in New Zealand, offering an extensive line of financing plans and insurance products to authorised Toyota dealers and their customers. These include retail financing, retail leasing, wholesale financing and other financial services.

Toyota Financial Services is the country's largest automotive distributor finance company and the fifth largest finance company with net receivables exceeding $500 million, and a Standard & Poor's rating of AAA, the highest rating of any New Zealand financial institution. Toyota Financial Services is part of the worldwide financial services operations of Toyota Financial Services Corporation, which is a wholly owned subsidiary of Toyota Motor Corporation in Japan. Currently, Toyota Financial Services has 42 employees working in the Auckland head office, with sales personnel in Wellington and Christchurch.

More information on Toyota Financial Services is available at

About The Royal New Zealand Coastguard Federation

Established in 1976 The Royal New Zealand Coastguard Federation provides New Zealand's primary maritime Search and Rescue service operating from a network of more than 60 affiliated units, strategically located around the coastline and at major lakes in New Zealand. In the last ten years, Coastguard units have responded to over 30,000 calls for help and assisted 50,000 New Zealanders.

In addition to Search and Rescue, the Coastguard also provides a Boating Education Service which delivers a variety of boating safety courses to the New Zealand public. A number of non emergency services are also provided, such as the presence of safety boats at marine events and a national radio network that provides marine weather information and local marine communications services.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Campaign For NZ Coastal Tankers : Says Fuel Security At Risk

Three unions representing New Zealand shipping crews are mounting a united campaign to protect New Zealand’s fuel security and save New Zealand coastal tankers... More>>

Tourism: Travel Bubble With Cook Islands Resumes

Cook Islands tourism restarts today, ending a five-month border closure due to COVID-19. Graeme West, General Manager Australasia for Cook Islands Tourism Corporation, said today’s first flight of quarantine-free travel from New Zealand to the Cook Islands is very significant... More>>

Plant & Food: Research And Lincoln University Part Of Game Changing Gene Discovery
Scientists from Plant & Food Research and Lincoln University have contributed knowledge integral to the discovery of a new gene described as a game changer for global agriculture.
The gene allows natural reproduction by cloning in plants... More>>

Statistics: Building Consents Hit New Highs In November
There were a record 48,522 new homes consented in the year ended November 2021, Stats NZ said today. This was up 26 percent compared with the year ended November 2020... More>>

Fonterra: Revises Milk Collection Forecast
Fonterra Co-operative Group Limited today revised the forecast for its 2021/22 New Zealand milk collections to 1,500 million kilograms of milk solids (kgMS), down from its opening forecast of 1,525 million kgMS... More>>

ComCom: Clearance Sought For Vocus / 2degrees Merger

The Commerce Commission has received an application for clearance in relation to a transaction that would see the merger of the Vocus Group with 2degrees. Vocus and 2degrees are both telecommunications providers that primarily supply retail fixed voice and broadband services... More>>