Blog @WellesleyToyota

Toyota To Move U.S. Corporate Headquarters To Texas

Posted by Jared Katsoupis on Fri, May 02, 2014 @ 08:00 AM

Toyota Headquarters Torrance California 2

In a somewhat surprising move, Toyota will be moving their corporate offices from California to Texas and will transplant roughly 3,000 jobs from the Los Angeles suburbs to Plano, Texas. Within the next three years, Toyota hopes to consolidate three separate U.S. headquarters located in California, Kentucky, and New York to a single location in Texas. However, over 2,000 jobs will be staying in California.

Texas Governor Rick Perry has apparently offered Toyota $40 million in incentives and said Toyota is expected to invest $300 million in its new headquarters. By 2017, the new facility is expected to bring 4,000 employees from sales, marketing, engineering, manufacturing, and finance.

Toyota recognized that consolidating its plants while keeping their sales and finance headquarters in California didn't make much sense, since the majority of its manufacturing happens all over the United States and is currently headquartered in Kentucky, quite a distance away.

Toyota originally established its headquarters in California in 1957. This is considered a major shake up under Akio Toyoda, who has been the CEO of Toyota since 2009.

Topics: Toyota, Wellesley Toyota, News, Breaking News