Toyota Moving US Headquarters to Texas
Toyota is believed to be planning to move some of its offices from California to Texas.
The Japanese automaker has over 5,300 employees in the state of California with most of them at the company’s Torrance office in sales, finance, marketing, engineering and product planning. It is not currently known which divisions will be making the move and the new regional headquarters is expected to be in or near Plano, Texas. Some sources within the company have said that the majority of Toyota’s Torrance operations may move to Texas over a two-year period according to a report by Bloomberg.
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The automaker has said that the restructuring of its Torrance, California-based marketing organization is part of an efficiency push and will result in jobs being eliminated, though it’s unknown how many. The company said in a statement that some employees are being reassigned to other parts of the company while there is a voluntary exit program for those who choose to leave. The revamped marketing unit will begin operating May 1.
Toyota established its operations in the state of California in 1957 and is likely looking for ways to save money by moving to Texas. Torrance is also home to Toyota’s Lexus and Scion brands.
[Source: Bloomberg]
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Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.
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Long overdue.
. It appears Texas hooked 'em! . S-a-v-e our country. R-e-m-a-i-n active. Change a dozen minds. Keep the ball rolling. Vote TEA! Vote FREEDOM! .