Toyota Motor Corp. plans to move large numbers of jobs from its sales and marketing headquarters in Torrance to suburban Dallas, according to a person familiar with the automaker's plans.
Today, about 75% of the Toyota branded vehicles sold in the U.S. are built in America — many of them at plants in Texas, Mississippi and Kentucky.
The automaker won't be the first big company Texas has poached from California.
Occidental Petroleum Corp. said in February that it was relocating from Los Angeles to Houston, making it one of around 60 companies that have moved to Texas since July 2012, according to Texas Gov. Rick Perry.
Perry last month visited California to recruit companies. The group Americans for Economic Freedom also recently launched a $300,000 advertising campaign in which Perry contends 50 California companies have plans to expand or relocate in Texas because it offers a better business climate.
Like these other companies, Toyota could also save money in an environment of lower business taxes, real estate prices and cost of living.
California's plummet to the status of Detroit continues, with the only question being when Californians will wise up and throw these locusts out of office.
"...the only question being when Californians will wise up and throw these locusts out of office."
ReplyDeleteThis is the same state that uniformly elects the likes of Pelosi, Feinstein, Boxer, Waters, and Sanchez, et al. The preponderance of voters, along with union direction, will run it right into the ground.
A very possible end point. Democrats control every major statewide office, and have a supermajority in the legislature. All the pieces are in place for a rapid descent into the third world.
DeleteIf Texas continues to import Californians, there won't be a difference between the states.
ReplyDelete