UPDATE : Toyota Plans to Move U.S. Headquarters
Tim Esterdahl | Apr 28, 2014 | Comments 5
UPDATE: Toyota has made it official through various press releases that they will be making major changes to their various headquarters. They will be building a new campus in North Dallas (Plano), Texas that will combine their Toyota Motor Sales, U.S.A., Inc. (TMS); Toyota Motor Engineering & Manufacturing North America, Inc. (TEMA); and Toyota Motor North America (TMA) as the Toyota affiliates unify their respective headquarters there to create a single, state-of-the-art Toyota headquarters and pursue the One Toyota vision in North America.
Much like the Big 3 in Detroit, this new headquarters complex will allow the company to share information faster and receive cost savings through shared resources. Our previous story is below and scroll to the bottom to find copies of the press releases.
Several news outlets are reporting that Toyota will move its U.S. headquarters from Torrance, California to near Plano, Texas.
Various news outlets are reporting Toyota is looking to move operations from Torrance, CA to near Plano, TX.
The plan is part of a restructuring/efficiency plan that will result in eliminating jobs. We have to believe taxes are also in play with this move.
Various sources are saying the majority of the Torrance operations will move.
Toyota got its U.S. start in California back in 1957. This was largely due to proximity to Japan and the ports in California. Remember, Toyota originally started as a large import operation.
The move will likely take over two-years to finish. Scion and Lexus are also in Torrance and there is no word yet if they are moving (odds are high that they will).
Filed Under: Auto News
This is more proof that Toyota has a solid future ahead of it. California is no place to build anything. While apple may design stuff in CA, they build all the designs outside CA.
Perhaps the CA legislature will take note or will they follow those in Detroit? My money is on them following not leading. I wouldn’t invest in any company which manufactures in California.
The stars are aligning just fine now.
The estimated tax savings for Toyota are major vs. doing business in CA. Plus I do not know if Texas or Plano throws in anything or not?
Tim,
Can you find out if Toyota will be building some of those super energy efficient homes in North Texas? I think that was pretty successful in San Antonio. And if they do, will the homes be available to the general public?
My Tundra needs a garage.
Randy
Randy,
I’m sure I’ll get some generic “we are looking at all philanthropic opportunities and have no further comment at this time.” Toyota is so tight lipped it is frustrating.
My guess is that they will look to expand their philanthropic efforts in Texas. Most companies like to donate and/or help out in their area around them to build goodwill and name recognition.
-Tim
I think this move will be super for toyota from CA to TX and all in one spot. Initial investment may be high, but in the long run, will work out very well.
Only bad thing I feel sorry for, is the employers in CA might be offered their jobs in TX but I bet less than 1/2 will stay with the company and uproot their CA lifestyle to move it all to TX.
I lost my first great job I thought I would work forever at when they moved 100 miles away and didn’t feel the benefit of staying with the company and relocating since my wife also had a good job at the time. It turned out o.k. since I heard a few years later that office also was downsized 100 miles away and at that time I probably would’ve been let go anyways.