Toyota leaving California for Texas
April 29, 2014
Toyota Motor Corporation is moving its North American headquarters from California to Texas. [LA Times]
The Japanese automaker has long located its sales and marketing headquarters in Southern California. It opened its first U.S. office in Hollywood in 1957 and has operated its marketing headquarters in Torrance since 1982.
But, the company now plans to move its U.S. sales offices to Dallas, where the cost of business is lower and Toyota’s American manufacturing plants are closer.
Torrance Mayor Frank Scotto said the move blindsided him.
“When any major corporation is courted by another state, it’s very difficult to combat that,” Scotto said. “We don’t have the tools we need to keep major corporations here.”
About 5,300 employees work at Toyota’s Torrence complex.
Recently, Texas Governor Rick Perry has recruited California companies to relocate to Texas. Approximately 60 California companies have moved to Texas since July 2012.