Skip to comments.Why It Makes Sense For Toyota To Leave California For Texas
Posted on 04/28/2014 11:39:10 AM PDT by SeekAndFind
For Japanese auto brands, the logic of keeping their U.S. sales and administrative arms in California is breaking down under the outsized penalties of conducting business in the Golden State and the changing dynamics of the North American automotive industry. So Toyota is leaving, according to Automotive News.
And where is Japans biggest automaker relocating its sales and marketing operations in America? Why, North Texas, of course. The move MOVE -5.08% to Plano, Texas, will involve most of the 5,000 managers and employees at Toyotas current Torrance, Calif., headquarters, the magazine said.
Texas Gov. Rick Perry apparently didnt even have to make a recruiting trip to southern California to get Toyota to do this, although he has helped lure plenty of companies with that gambit over the last several years.
And yet Texas has scored one of the biggest prizes so far in its very focused, state-on-state battle with the administration of Gov. Jerry Brown to get plum companies now headquartered in California to abandon the bluest state for the reddest one.
Clearly, Perry caressed a trump card in the fact that Toyota has enjoyed a deep relationship with Texas through its $2.2-billion truck-assembly complex near San Antonio.
Plus, the fact is that, as Toyota has become a more U.S.-centric company with important assets all over the country, it makes sense for the Japanese market leader to distribute its operations in a new way. Toyotas 14 North American manufacturing facilities now build 71 percent of the vehicles the company sells in the United States, up from 55 percent in 2008.
(Excerpt) Read more at forbes.com ...
Not sure I like it. Mark my words. That 5000 corporate office will be bringing along the Ca infection with them.
Here are some of the reasons why it makes sense to move to Texas:
* In the annual Chief Executive magazine Best States / Worst States ranking that surveys CEOs for their opinions, Texas has been holding on to the No. 1 spot for a while; California seems permanently relegated to No. 50.
* Business Taxes in California are too complicated.
* Burdensome regulations and regulators that have managed to stifle the entrepreneurial energy of thousands of companies.
* Cost of living for employees is SIGNIFICANTLY HIGHER in Torrance than in Plano, and housing costs are 63 percent lower in Plano.
* If even Hollywood movie studios are souring about producing flicks in California, you know you’re in trouble.
Jerry Brown says good riddance.
He don’t need no greedy companies in CA.
He has ‘the people’
Why does it makes sense? Oh, I think I know the answer: Toyota Motor Sales de México already has a corporate office in Mexico City.
Ca. could turn out to be Detroit on Steroids!
Not going to last long....Libs are moving in because they ruined their own areas....Worked with several that moved down here for work and complained about how hot is down here...and the word “ya’ll” was irritating...and how the Texas accent sounded “retarded”...and how we were so “bubbafied”...Ugh.
Probably at least twenty percent of the people will be dyed in the wool Califoricators of a mind to "straighten out" any place not like California. If California wasn't so screwed up already those folks would probably look for another job to stay in California but with things as they are, it's possible most of them will move to Texas and whine about how "backwards" it is.
The good people of Texas IMO, should make it a point to lose the southern hospitality each and every time a Californicator mouths off and tell them to go to hell/back to California, that they are on YOUR turf now and to shut the hell up until they hit the New Mexico border.
PLEASE! For your own safety. Do NOT let them do to you what they are doing to Arizona.
Toyota is not moving to Texas. They are moving to Dallas.
“I Dont Live in Dallas”
by Jarrod Birmingham”
Well the citys so big nobody knows where it starts or where it ends
If youve got the money you can buy you up a lot of friends
Cause theyll take anybody who drives a nice car
Got a place just for you up in Highland Park
If I dont ever go there itll be all right with me
Cause I dont live in Dallas I live in Texas
Where we aint got no hockey
And no damn metroplexes
I dont live in Dallas I live in Texas
And if I dont ever go there itll be alright with me
Now Benny Hinn comes on Sundays everybodys gonna go sing along
Cause they cant start their football til all wide receivers post bond
Youre a whole buncha yuppies with nothin to do
But keep Isuzu in business you all know its true
Id like to sell you to Oklahoma if they could only afford you
I don't know how. According to our most powerful politicians, illegal aliens are the key to economic success.
I wish Rick would shut up. We don’t need more libs moving here. They have ruined Dallas and Austin and are working on Ft. Worth and other places.
>Probably at least twenty percent of the people will be dyed in the wool Califoricators of a mind to “straighten out” any place not like California
baseless speculation. you really have no idea whether or not they are one or the other.
An employee making $100k will find..after NO state incomes taxes, and MUCH lower housing costs..it’s like getting a 25% RAISE..
I do agree with you!
my thoughts exactly.
I know about what percentage of people who moved to Charlotte from liberal wonderlands as banks relocated had that attitude and see no reason why it would be any different if not worse with people moving from California to any place outside of California.
Hispanic version maybe.
They don't appear to be unhappy with what Dems in charge of CA been doing the past few years.
Don’t let them ruin it. They are outnumbered at the polls.
They try here in middle TN also but we just overwhelm them and they have to just sit and whine and when they do we laugh and point.
More than most “run away”.
Good news for north Texas, more traffic.