Toyota Headquarters Will Move From California to Texas
Toyota is moving its national headquarters from Torrance, Calif. to Plano, Texas. The automaker now has a large presence in Texas and the South, and the move will help consolidate Toyota's business operations in one spot. The new Toyota headquarters will bring the company's manufacturing, sales and marketing, corporate, and financial operations under one roof. “With our major North American business affiliates and leaders together in one location for the first time, we will be better equipped to speed decision making, share best practices, and leverage the combined strength of our employees," said Jim Lentz, CEO of Toyota North America. "This, in turn, will strengthen our ability to put customers first and to continue making great products that exceed their expectations." According to Toyota, the move involves about 4,000 employees in Torrance and other parts of the nation. Specifically, the move affects about 2,000 employees at Toyota Motor Sales in California, 1,000 employees at Toyota Motor Engineering & Manufacturing in Kentucky, 1,000 employees at Toyota Financial Service in California, and certain employees at the New York-based Toyota Motor North America. The move will take a few years, Toyota said. Every division except Financial Services will see most employees switch over in late 2016 or early 2017. Those in the financial arm will make the transition later in 2017. Toyota's 10 car factories across the nation will not be impacted by the move, however. Toyota is just the latest Japanese automaker to move its main operations from California. Nissan transitioned to Franklin, Tenn. in 2006 while Honda has just begun moving employees to Ohio. Source: Toyota
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