UPDATE : Toyota Plans to Move U.S. Headquarters
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.
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