Toyota Is Moving Its US Headquarters From California To Texas


MacLC

macrumors 6502
Oct 18, 2013
301
115
Every so often I have business in Los Angeles. Every time I do, I go to Torrance for shopping. Hopefully other Japanese companies can move in to where Toyota left so the community stays intact and Marukai and Mitsuwa stay open.
 

rdowns

macrumors Penryn
Jul 11, 2003
27,345
12,409
One day, states and localities will wake up and realize how much these deals end up costing the taxpayer.
 

Menel

macrumors 603
Aug 4, 2011
6,199
1,050
One day, states and localities will wake up and realize how much these deals end up costing the taxpayer.

And this

"The LA Times notes that 75% of Toyota's cars that are sold in the U.S. are built in America — mostly at plants in Texas, Mississippi, and Kentucky — so the relocation will place the automaker's headquarters closer to its production centers."

Had nothing to do with it.
 

rdowns

macrumors Penryn
Jul 11, 2003
27,345
12,409
And this

"The LA Times notes that 75% of Toyota's cars that are sold in the U.S. are built in America — mostly at plants in Texas, Mississippi, and Kentucky — so the relocation will place the automaker's headquarters closer to its production centers."

Had nothing to do with it.

This too.

Texas Gov. Rick Perry reportedly courted Toyota by promising lower taxes and easier regulations, according to Bloomberg.
 

Menel

macrumors 603
Aug 4, 2011
6,199
1,050
This too.
And....? that describes the normal status quo for Texas vs Cal. Tax and land value in CA is sky high, and regulations in CA are notoriously strict.

*that statment could be made for TN, MS, GA, AL, etc.
 

bradl

macrumors 601
Jun 16, 2008
4,006
11,823
And this

"The LA Times notes that 75% of Toyota's cars that are sold in the U.S. are built in America — mostly at plants in Texas, Mississippi, and Kentucky — so the relocation will place the automaker's headquarters closer to its production centers."

Had nothing to do with it.
In rdowns' defense, the same thought process was used by Boeing and the move of their world headquarters move to Chicago, so they could be closer to both United and American Airlines...

.. yet they kept their main plant in Seattle, and built one in North Carolina; 1500 miles in each direction to each plant?? :confused: :confused:


And....? that describes the normal status quo for Texas vs Cal. Tax and land value in CA is sky high, and regulations in CA are notoriously strict.
I agree with that, however it depends on where in Texas they go. Land value is just as high in urban areas such as the Dallas/Ft. Worth metro area, along with Houston. Though, I will say that it is cheaper for the cost of insurance, as they don't have to pay for a separate line of earthquake insurance.

For the record, I own a Toyota Highlander, though mine was built in Japan.

BL.
 

Southern Dad

macrumors 68000
May 23, 2010
1,532
547
Shady Dale, Georgia
California is liable to see more of this in the upcoming years. Even New York is working to try and convince businesses to relocate there by offering great tax incentives for the first ten years. Texas has no state income tax and a very favorable climate for business. California recently voted to increase taxes. Not good for convincing business that your state is where they want to be.
 

jnpy!$4g3cwk

macrumors 65816
Feb 11, 2010
1,100
1,293
And....? that describes the normal status quo for Texas vs Cal. Tax and land value in CA is sky high, and regulations in CA are notoriously strict.

*that statment could be made for TN, MS, GA, AL, etc.
Which regulations are you talking about?

Those easier regulations worked out well for the people of West, TX. Will they ever learn?
California is liable to see more of this in the upcoming years. Even New York is working to try and convince businesses to relocate there by offering great tax incentives for the first ten years. Texas has no state income tax and a very favorable climate for business. California recently voted to increase taxes. Not good for convincing business that your state is where they want to be.
Real estate prices and rentals have been high in California for decades, and, for decades, companies have invested in places where housing is cheaper. It helps to attract employees. It seems like a natural business cycle to me. The only thing that seems out of place is why housing has been so high in California when unemployment has also been high.
 

rdowns

macrumors Penryn
Jul 11, 2003
27,345
12,409
and what's the cost of less jobs for your citizens?

In the continuing effort to make America a race to the bottom, Rick Perry is spending $10,000 per job, according to reports. Why should states be subsidizing corporate moves? These aren't new jobs, these are jobs poached from other states.
 

rdowns

macrumors Penryn
Jul 11, 2003
27,345
12,409
They are new jobs for Texans.

I'm sorry, I can't get that image of Toyota executives, flush with new cash from the state of Texas, lounging around their couches because it's just easier to take govt. monies than work.
 

Menel

macrumors 603
Aug 4, 2011
6,199
1,050
In the continuing effort to make America a race to the bottom, Rick Perry is spending $10,000 per job, according to reports. Why should states be subsidizing corporate moves? These aren't new jobs, these are jobs poached from other states.
*if* true. That's a drop in the bucket. If each job is bringing in $50k+ salary, granted many will be much much more... Huge construction contracts. Transit contracts, the amount of money paid out to suppliers for the move.

All being given to Texans to dump into Texas housing and retail economy. That's huge.

Will pay for itself in no time.
 

edk99

macrumors 6502a
May 27, 2009
701
709
FL
So screw everyone in California who is losing their job?
With most company moves especially corporate relocations the company will offer most employees relocation packages to move to Texas. Some will go and some will find new jobs.

Do you seriously think *everyone* that works at the headquarters in CA will lose their job?? :confused:
 

alent1234

macrumors 603
Jun 19, 2009
5,654
122
In the continuing effort to make America a race to the bottom, Rick Perry is spending $10,000 per job, according to reports. Why should states be subsidizing corporate moves? These aren't new jobs, these are jobs poached from other states.

more like he's not spending a dime, but the state won't collect millions in property taxes and a few other taxes they wouldn't have collected anyway if toyota didn't build a new HQ there

it's why silicon valley was in california. they have HUGE R&D tax breaks for companies
 

TheAppleFairy

macrumors 68030
Mar 28, 2013
2,505
1,939
The Clinton Archipelago unfortunately
Every so often I have business in Los Angeles. Every time I do, I go to Torrance for shopping. Hopefully other Japanese companies can move in to where Toyota left so the community stays intact and Marukai and Mitsuwa stay open.

I go to Mitsuwa in Edgewater NJ at least once every other month. (2 hour drive). Great place for Japanese people to stock up their pantries.
 

mactastic

macrumors 68040
Apr 24, 2003
3,647
661
Colly-fornia
Yawn... Call me when we drop out of the top 10 largest economies in the world. Until then, I'd say we seem to be doing just fine.
 

turtle777

macrumors 6502a
Apr 30, 2004
678
15
Yawn... Call me when we drop out of the top 10 largest economies in the world. Until then, I'd say we seem to be doing just fine.
LOL, that's exactly the idiotic and arrogant thinking that leads to California's downfall.

CA's politicians are taking care of that.

-t
 

G51989

macrumors 68030
Feb 25, 2012
2,506
10
NYC NY/Pittsburgh PA
They are new jobs for Texans.
Temporary jobs, Toyota will probably just offer tempting relocation packages for its staff in CA to move to Texas, most workers will take them.

I worked for Boeing, and Big Blue for years, this kinda thing happens all the time. At least at those companies.

They want to retain their staff they already have, there is a very good chance that they will offer to pay for their employees moving expenses and even a nice little bonus check for them to move and follow the company.

Big Blue and Boeing did it all the time if a new campus was built or someone had to be transfered, they would pay Movers, Pay your downpayment on a new house, pay for all the local fees to get things setup, ehll they even offered someone to help enroll your kids in the local schools.

----------

LOL, that's exactly the idiotic and arrogant thinking that leads to California's downfall.

CA's politicians are taking care of that.

-t
California has a bigger economy than most countries in the entire world, its also a huge powerhouse in the US as well. It won't be downfalling any time soon.