Monday, December 22nd5.5°C
24124
24390

Toyota moving its US headquarters from California to Texas in 2017

TORRANCE, Calif. - Toyota said Monday that it will move its U.S. headquarters from California to Texas.

Toyota will break ground this year on a new headquarters in Plano, Texas, a suburb of Dallas. Small groups of employees will start moving to temporary office space there this year, but most will not move until late 2016 or early 2017 when a new headquarters is completed.

The new campus will bring together approximately 4,000 employees from sales, marketing, engineering, manufacturing and finance who are now scattered around the country. That includes 2,000 employees at the current headquarters in Torrance, Calif.; 1,000 employees at Toyota's engineering and manufacturing centre in Erlanger, Ky.; and 1,000 employees at Toyota Financial Services.

Jim Lentz, Toyota's CEO for North America, said the new headquarters will enable faster decision making and better collaboration.

Toyota said it will continue to have about 2,300 employees in California and 8,200 employees in Kentucky after the moves are complete. Toyota makes the Avalon and Camry sedans in Kentucky.

The company will also maintain offices in New York and Washington. Plants in Mississippi, Texas and Indiana aren't affected by the moves.

Toyota has had a presence in California since 1957, when it opened its first U.S. headquarters in a former Rambler dealership in Hollywood. The following year — Toyota's first in the U.S. market — it sold 287 Toyopet Crown sedans and one Land Cruiser.

By 1975, Toyota had become the top import brand in the U.S. It opened its current U.S. headquarters in Torrance in 1982.

Toyota sold 2.2 million cars and trucks in the U.S. last year.

The Canadian Press


Read more Business News

23967


Recent Trending




Today's Market
S&P TSX14468.26+121.51
S&P CDNX676.54+11.04
DJIA17804.8026.65
Nasdaq4765.38+16.983
S&P 5002070.65+9.42
CDN Dollar0.8620+0.0003
Gold1197.90+2.00
Oil56.50+2.39
Lumber338.00-0.70
Natural Gas3.322-0.142

 
Okanagan Companies
Pacific Safety0.12-0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.25-0.03
Cantex0.03-0.005
Anavex Life Sciences0.1726+0.0026
Metalex Ventures0.05-0.005
Russel Metals25.58-0.42
Copper Mountain Mining1.55-0.02
Colorado Resources0.120.00
ReliaBrand Inc0.011-0.0089
Sunrise Resources Ltd0.05-0.005
Mission Ready Services0.215-0.01

 
24130




FEATURED Property
18999607 - 2025 Shannon Lake Road
3 bedrooms 2 baths
$209,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Reflecting on the end of the year

The importance of the end of the year and the Christmas holidays is profound. It is a time to reconnect with family and traditions that have made us who we are. But the year-end has always been a time...


My final thoughts on real estate

This will be the last column I write on real estate. Largely because at the end of the year I will be handing in my license. After 20+ years of working in land development, resort development and rea...


Parenthood: Estates, insurance & taxes

It is now even more important to ensure your loved ones are well looked if anything should happen to you. Here are a few topics to consider helping you prepare for some of the unexpected events that c...

_



24386

24386


Member of BC Press Council


22707