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Toyota to Establish New North American Headquarters

April 30, 2014 by · Leave a Comment 

Torrance, Calif., Erlanger, Ky., New York, N.Y., and Ann Arbor, Mich., April 28, 2014

HQ move based on study, not pitch from Gov. Perry, Toyota says

HQ move based on study, not pitch from Gov. Perry, Toyota says

April 29, 2014 by · Leave a Comment 

Filed under: Government/Legal , Toyota , Earnings/Financials Toyota’s surprising announcement on Monday that it will move its North American headquarters from Torrance, CA location to the Dallas suburb of Plano, TX is allegedly not due to any political wrangling from the state’s Republican governor, Rick Perry. Perry (above) has been up front in his aggressive pursuit of businesses and jobs for Texas, traveling to California, Missouri, Illinois and New York to tempt corporations to his state. And it’s not just about the promise of much lower taxes, a Perry spokesman reminds Automotive News that the state boasts, “a workforce that is skilled and ready to do any job.” For his part, Jim Lentz , Toyota’s North American CEO said Plano was chosen through an internal process, with the location helped by its proximity to the company’s massive pickup factory in San Antonio rather than any campaigning from the governor. Lentz explained the selection process that led to Toyota choosing the Lone Star State as its new headquarters to Automotive News : “When we made the decision that we weren’t going to go to one of our three existing locations, our search started with about 100 different cities. We put together a decision matrix that put together economic considerations, business considerations, associate considerations,” Lentz says. That left the company with 100 cities, which were pared down to 25, then down to seven, which were then split between four “primary locations” and three “secondary locations.” Lentz wouldn’t elaborate on what other cities were competing with Plano. “We visited all four of those primary locations and it became quite clear that [Dallas] was the primary choice,” Lentz told Automotive News . As The Wall Street Journal points out , however, Toyota is clearly getting a sweet deal to make the move south, including hefty state incentives out of the Texas Enterprise Fund to the tune of $40 million dollars – an estimated $10,000 per job. The WSJ notes that the latter figure is “one of the largest incentives handed out in the decade-old program and cost more per job than any other large award.” HQ move based on study, not pitch from Gov. Perry, Toyota says originally appeared on Autoblog on Tue, 29 Apr 2014 14:15:00 EST.

Toyota Statement on Suspension of L.A. Clippers Advertising

April 29, 2014 by · Leave a Comment 

TORRANCE, Calif., (April 29, 2014) – Toyota is committed to a culture of diversity and inclusion and finds Los Angeles Clippers owner Donald Sterling’s alleged comments inconsistent with our beliefs. While Toyota will continue to support the sport, players and fans through our relationship with the Staples Center and L.A. Live, we are suspending all advertising and sponsorship activities directly linked to the Clippers organization pending the results of the NBA’s investigation.

Toyota restructuring US operations, possibly moving to Texas [UPDATE]

Toyota restructuring US operations, possibly moving to Texas [UPDATE]

April 29, 2014 by · Leave a Comment 

Filed under: Hirings/Firings/Layoffs , Toyota UPDATE: It’s official, Toyota has announced it is relocating its North American headquarters in Plano, Texas. See the full story here . According to multiple sources familiar with the matter, Toyota is poised to announce Monday that it is restructuring its US operations, which may include plans to relocate some of its operations to Texas. Toyota Motor Sales has been located in California since 1957, and is responsible for North American sales, marketing, and distribution for Toyota, Lexus and Scion . According to Toyota literature, its Torrance operations presently employs 6,156 workers and represents a $2.3-billion investment. Workers in Toyota’s Torrance offices were abuzz about the possible relocation to Texas. One young offspring of a Toyota employee even posted to Twitter that her parents warned about the upcoming move, and she said she’s refusing to go. Rumors at one point had Toyota settling in Richardson, TX, just outside Plano. But Autoblog talked to Richardson Mayor Laura Maczka, who said she would be thrilled if that were true, but has not heard anything on the subject. Autoblog also emailed with Bill Sutherland, a city councilman in Torrance, CA, who said, “To date the only info I have is what I have read in the paper expecting a press release Monday.” If the automaker moves its operations to the Lone Star state, the transition is expected to take place in waves over two to three years.

Toyota moving US headquarters to Plano, Texas

Toyota moving US headquarters to Plano, Texas

April 29, 2014 by · Leave a Comment 

Filed under: Hirings/Firings/Layoffs , Toyota It’s official, Toyota is relocating its US operations to Plano, TX . And it won’t be a symbolic ‘all ranch and no cattle’ gesture – the Japanese automaker, whose headquarters have been in California since 1957, has decided to base nearly all of its operations in the Lone Star State, including much of its engineering, finance and sales and marketing teams. The move, which will see the establishment of a new headquarters campus in the Dallas suburb will not only affect employees at the company’s current Torrance, CA Toyota Motor Sales USA campus, it will also touch the lives of thousands of employees at the company’s other operations, including 1,000 workers at Toyota Motor Engineering & Manufacturing North America in Erlanger, KY and some New York-based staff as well. The Toyota Technical Center in Ann Arbor, MI is not facing relocation, however, and it actually stands to gain responsibilities as Toyota overhauls its US org chart. Toyota says that its reorganization will affect about 4,000 employees in total. According to Automotive News , while Toyota is adopting an “‘everyone is invited’ stance for the relocation,” some attrition is expected from employees who aren’t interested in relocating southward from the Golden State. For its part, the automaker is reportedly making expenses-paid visits to Plano available to full-time staffers and spouses to help them make the relocation decision, as well as a lump-sum payment if they decide to go through with the move. The move is expected to realize massive cost savings for Toyota, including in areas of taxation, real estate and employee cost of living. It is also expected to allow for consolidation in areas like human resources, information technologies, legal and accounting. Critically, the move will put the company closer to its North American manufacturing base, which has been increasingly concentrated in southern states, including Texas.

TFS: Toyota to Establish New North American Headquarters

April 29, 2014 by · Leave a Comment 

TORRANCE, Calif., April 28, 2014 – Toyota Financial Services (TFS) today announced that the company will relocate its North American headquarters to North Dallas (Plano), Texas. The move—which is not expected to begin until 2017—is designed to better serve customers and position Toyota for sustainable, long-term growth.

Toyota restructuring US operations, possibly moving to Texas

Toyota restructuring US operations, possibly moving to Texas

April 28, 2014 by · Leave a Comment 

Filed under: Hirings/Firings/Layoffs , Toyota According to multiple sources familiar with the matter, Toyota is poised to announce Monday that it is restructuring its US operations, which may include plans to relocate some of its operations to Texas. Toyota Motor Sales has been located in California since 1957, and is responsible for North American sales, marketing, and distribution for Toyota, Lexus and Scion . According to Toyota literature, its Torrance operations presently employs 6,156 workers and represents a $2.3-billion investment. Workers in Toyota’s Torrance offices were abuzz about the possible relocation to Texas. One young offspring of a Toyota employee even posted to Twitter that her parents warned about the upcoming move, and she said she’s refusing to go. Rumors at one point had Toyota settling in Richardson, TX, just outside Plano. But Autoblog talked to Richardson Mayor Laura Maczka, who said she would be thrilled if that were true, but has not heard anything on the subject. Autoblog also emailed with Bill Sutherland, a city councilman in Torrance, CA, who said, “To date the only info I have is what I have read in the paper expecting a press release Monday.” If the automaker moves its operations to the Lone Star state, the transition is expected to take place in waves over two to three years. It is not immediately clear when the transition will begin, or if Toyota Financial Services also plans to relocate its operations – a division that employs a further 3,286 workers. It is also unknown how many employees will be offered assistance packages, should this move to Texas actually happen.

Toyota le da la Bienvenida a la Primavera Durante el New York International Auto Show con Nuevos Vehículos y Atractivos Eventos

April 28, 2014 by · Leave a Comment 

NUEVA YORK (16 de abril de 2014)

Toyota Springs into New York International Auto Show with New Vehicles and Engaging Events

April 27, 2014 by · Leave a Comment 

NEW YORK (April 16, 2014) – This year’s New York International Auto Show, opening to the public on Saturday, April 19, brings a new crop of production vehicles and special concept cars to usher in Spring at the Javits Convention Center.

The Lexus RC 350 F SPORT Dazzles its First U.S. Audience at the New York International Auto Show

April 26, 2014 by · Leave a Comment 

NEW YORK (April 16, 2014) – Sports car buffs are in for a roaring good time as the all-new Lexus RC 350 F SPORT zooms into Javits Convention Center to take its place among Lexus’ energetic lineup at the New York International Auto Show. The RC 350 F SPORT shows off its adventurous attitude for the first time since its Geneva debut here in America’s hotspot for fashion and design.

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