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04-28-2014, 05:13 PM | #1 | |
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Toyota is Moving its Head Quarters to Texas
More businesses seem to be fleeing California for the south. More detail in this Bloomberg article:
Quote:
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The Following User Says Thank You to iff2mastamatt For This Useful Post: | SirBrass (04-28-2014) |
04-28-2014, 05:26 PM | #2 |
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And the concept of reaping what you sow is being proven yet again here.
Congrats, Texans. Y'all are doing quite well for businesses.
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The Following User Says Thank You to SirBrass For This Useful Post: | torqdork (04-29-2014) |
04-28-2014, 05:30 PM | #3 |
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Makes sense to me!
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04-28-2014, 05:56 PM | #4 |
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Toyota leaving California for Texas
Not a surprise to anyone paying attention to Japan and American senior management statements over the past year, Toyota has had enough of a one-party politics state that pushed taxation and regulation too far.
This won't be the last shoe to drop. Expect something similar to happen with California port operations and their overpaid, strike prone workforce. Sorry for all the Californians here. Having lived there, it was once my favorite state but their self-inflicted decline driven by ideological, politically driven economic and social decisions are accelerating the state's troubles and this is yet another example. http://pressroom.toyota.com/article_...rticle_id=4447 |
04-28-2014, 06:07 PM | #5 |
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If you ever dreamed of working for Toyota now's the time to apply, whenever companies leave California there's always a good number of employees who refuse to relocate.
Edit: There's a handful of members on this board who work for Toyota in Torrance, wonder what their take is... |
04-28-2014, 06:18 PM | #6 |
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If we were a one party politics state we would actually have gotten something done in the past five years other than a minor tax increase.
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04-28-2014, 06:29 PM | #7 |
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Why choose Plano, Texas? Is there already a factory there?
Why not move it all to Ann Arbor, Michigan if they are already expanding the Toyota Technical Center to accommodate some of the moves. With Detroit being bankrupt I'm sure they could build up at a good price. |
04-28-2014, 06:36 PM | #8 |
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i'm going to TX!
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04-28-2014, 06:42 PM | #9 | |
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Quote:
These low corporate taxes and are no less than a transfer of tax expenses (and therefore wealth) from the middle class to the wealthy. Politicians spin it to sound good to the average job seeker, but it's a raw deal. So yeah, before congratulating "Texans" on this, understand that your average Texas homeowner is getting stuck with the bill that your average corporation in a less "tax friendly" state would normally take up. For Toyota, this is a move to keep increasing profit. Year after year, the profit % must improve. Don't be fooled into thinking this is about survival either. It's about more profit this year, than last, at the expense of homeowners in both Texas and California it stinks. Source, I perform business analytics for the mortgage industry. |
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The Following 4 Users Say Thank You to DAEMANO For This Useful Post: | clayrush (04-29-2014), Lonewolf (04-29-2014), Shagaliscious (04-28-2014), strat61caster (04-28-2014) |
04-28-2014, 07:00 PM | #10 | |
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And it is a very business friendly State. |
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04-28-2014, 07:32 PM | #11 |
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Yep, this is exactly what happens when one state has hostile policies towards businesses. Plano houses quite a few corporate headquarters for various companies and has the infrastructure and demograph deemed desireable to many of these corporations.
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04-28-2014, 08:43 PM | #12 | |
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04-28-2014, 08:43 PM | #13 | |
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Quote:
Plus, maybe most importantly, Japan staff likes Texans. |
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The Following User Says Thank You to torqdork For This Useful Post: | SirBrass (04-28-2014) |
04-28-2014, 08:50 PM | #14 |
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Living in one of two states where full service is mandated (i.e., no self-serve allowed), I'm grateful not to smell like unleaded after a fill.
Plus, our gas is cheaper than two miles North (as the crow flies) in Washington where they have self-serve. But then, you don't have to stand in cold rain and wind pumping your own gas six months of the year. |
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