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Toyota Decides to Move U.S Headquarters From California to Texas

The auto industry is buzzing with political boasts and snipes as news comes out that Toyota is planning to move their administrative, sales and marketing headquarters from Torrance, California to Plano, Texas. The move is almost surely a big win for Texas and big loss for California as it loses roughly 5,000 good jobs to a state known for lenient tax breaks and few regulations. In my opinion, from a purely business standpoint Toyota’s move makes complete sense. Yes, it sucks for California and yes it is a big win for Texas but you can’t really blame the Japanese auto making giant for making a sound business decision.

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Categories: Car News