Skip to comments.Toyota to move jobs and marketing headquarters from Torrance to Texas (LAT tries to spin loss)
Posted on 04/28/2014 6:29:02 AM PDT by jimbo123
Toyota Motor Corp. plans to move large numbers of jobs from its sales and marketing headquarters in Torrance to suburban Dallas, according to a person familiar with the automaker's plans.
The move, creating a new North American headquarters, would put management of Toyota's U.S. business close to where it builds most cars for this market.
North American Chief Executive Jim Lentz is expected to brief employees Monday, said the person, who was not authorized to speak publicly. Toyota declined to detail its plans. About 5,300 people work at Toyota's Torrance complex. It is unclear how many workers will be asked to move to Texas. The move is expected to take several years.
Toyota has long been a Southern California fixture. Its first U.S. office opened in a closed Rambler dealership in Hollywood in 1957. The site is now a Toyota dealership. In 1958, its first year of sales, Toyota sold just 288 vehicles 287 Toyopet Crown sedans and one Land Cruiser. Last year, Toyota sold more than 2.2 million vehicles in the U.S.
The U.S. branch picked Los Angeles for its first headquarters because of proximity to the port complex where it imported cars and easy airline access to Tokyo. As Toyota grew, it opened its national sales and marketing headquarters in Torrance in 1982. The complex, built where its parts distribution warehouse was once located, now has 2 million square feet of office space. But today, about 75% of the Toyota branded vehicles sold in the U.S. are built in America many of them at plants in Texas, Mississippi and Kentucky.
(Excerpt) Read more at latimes.com ...
Wall Street Journal was equally vague.
Can’t Jerry Brown pass a law or sign an order to stop this?
How about the NLRB?
The gubment cant let companies move where they want to get out of their *obligations* to the locals.
Maybe Obama needs to step in/.
This is even MORE HUGE than appears on paper.
All of the stories so far say that Toyota is moving jobs, not people.
Jerry, the harder you squeeze, the more that will slip through your fingers.
5000 socialists to move to Texas. Better headline.
They have certainly improved. I bought a brand new I think Corona back in the I think the 70’s. It was the worst car I have ever had; but a cute one. I had to open up I think the cam and stick in a screw driver then go and turn the ignition over to get it started. The gears would also come loose if I parked it and the car would roll backwards into the street. Many times I came out of a connivence store only to find my car sitting in the street. LOL Never had another one. But, I hear they are good cars now.
Taxes = Move
Thread from yesterday if anyone is interested in reading the comments thereon;
BREAKING: Sources say Toyota fleeing CA, taking 5,000 jobs to more business-friendly Texas
5000 socialists to move to Texas.
Maybe a good way to convert them...
local paper (dallas news) says that they are building a million sq ft building - that is a lot of work space.
Did they not have a parking brake?
Yes, because as we all know, there are no conservatives in California.
These are working people, not welfare queens, coming to Texas. The management folks likely include those that helped make the decision to open a new Truck assembly plant in Texas in 2006 and close the California plant in 2010.
Bestplaces.net said that the cost of living for employees is 39 percent higher in Torrance than in Plano, and housing costs are 63 percent lower in Plano.
As the Rabbi said, “It won’t be long now.”
This on top of all of the other businesses, large and small, that have been moving out for a while now.
I did some work there 8 years ago. The people I worked with were conservative, family-oriented and hard working. One of them confirmed this story last night. Many will stay in California because of family ties. Some may try Nissan, literally right down the road.