Toyota Moves Shop to Texas
Toyota announced that it will move most of its North American headquarters operations to Plano, Texas, from California, characterizing it as nothing less than a major strategic gambit aimed at reshaping the organization to compete more effectively in the U.S. market for decades to come.
Company engineering operations in Ann Arbor, Mich., also will gain from the reorganization. Some Toyota employees will remain at the company’s current Torrance, Calif., U.S. headquarters. Toyota already builds pick-up trucks in San Antonio.
Within the next three years, Toyota’s three separate North American headquarters for manufacturing, sales and marketing, and corporate operations will relocate to a single campus in North Dallas. The company’s finance arm also will move there. Altogether the moves will affect about 4,000 employees.