Toyota moving from Cali to Plano, Texas
#61
Lexus Fanatic
iTrader: (20)
it is a very complicated scenario.
I dont like the move. Who the hell wants to move to Plano from So Cal anyway? Lol
#62
Lexus Test Driver
Why would Toyota want to save on taxes? Simple: Because we want to save on taxes.
#63
#64
TFS has a website for info on the move http://tfsnextchapter.org/
I assume TMS has one too but don't know the URL.
UPDATE:
TMS url is http://www.onetoyotafamily.com/
I assume TMS has one too but don't know the URL.
UPDATE:
TMS url is http://www.onetoyotafamily.com/
Last edited by toyemp; 04-28-14 at 04:44 PM.
#68
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Location: I.E Southern California to SA,Texas
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Huh? Plano is up north, Im in San Antonio the 7th biggest city in the US. Big difference.
Just how much Taxes are they paying and how much are they going to save?
Uhhh seriously? Lol
Why doesn't California deserve Toyota's business? Many Toyota employees are staying put in California.
Sales done equate profit? Do you even know how much porfit Toyota has actually made last year?
Just how much Taxes are they paying and how much are they going to save?
Why doesn't California deserve Toyota's business? Many Toyota employees are staying put in California.
Sales done equate profit? Do you even know how much porfit Toyota has actually made last year?
#69
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because companies aren't charities, they're in business to make money. there's obviously more to the decision than just money, but i bet that's most of the reason. do you think toyota has a reputation as some kind of altruistic company? puleez
a lot of people apparently if it means cheaper housing, more job security, less traffic, less pollution, less taxes, better leadership.
a lot of people apparently if it means cheaper housing, more job security, less traffic, less pollution, less taxes, better leadership.
"Cheaper housing, more job security, less taxes" etc What are the offsets to this? Will toyota quality be downgraded? Since the cost of living is cheaper, will employees be paid less or have fewer benefits now or in the long run? How much is this new facility going to cost? Will prices now be higher for new models?
These are serious questions you have to consider.
#71
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TFS has a website for info on the move http://tfsnextchapter.org/
I assume TMS has one too but don't know the URL.
UPDATE:
TMS url is http://www.onetoyotafamily.com/
I assume TMS has one too but don't know the URL.
UPDATE:
TMS url is http://www.onetoyotafamily.com/
#72
Lexus Fanatic
iTrader: (20)
reuters...
noted this:
and 5% of torrance population is employed by toyota... hardly massive, but of course the move impacts indirectly, all the businesses that support, feed, etc. the company facility and its employees.
article:
Toyota withdrawal a bombshell, economic blow to California city
6:32pm EDT
By Tim Reid
TORRANCE, CA (Reuters) - Toyota Motor Corp's decision to move its North American sales headquarters from California to Texas was met by disbelief in Torrance, this Los Angeles exurb where the Japanese car manufacturer has run its U.S. operations since 1982.
Torrance Mayor Frank Scotto, looking grim, said outside city hall on Monday that he had been blindsided by the move. A few feet away sat Pat Simpson, a Torrance resident for over 60 years, with her head in her hands. "Why do they want to tear this place apart?" Simpson, 72, asked.
Scotto said his first inkling of Toyota's decision to move to Plano, Texas, came last Thursday, when he was told by Toyota to expect a phone call at 9.45 a.m. on Monday - just before the company was to make its decision official.
"At first I thought it was about something else," Scotto said. "Even this morning, despite all the rumors this weekend, we thought it was only going to be part of Toyota moving - not just everything." The decision, he said, was "sad news".
The two biggest employers in Torrance, which has a population of 147,000 according to city figures, are Toyota and Honda. Both have about 4,000 employees. Losing Toyota will mean an annual loss of $1.2 million in tax revenue, Scotto said, but the emotional toll and wider economic impact will be much bigger, he said.
Scotto's son-in-law works for Toyota so the mayor faces the prospect of his daughter and grandchildren moving to Texas. "It's going to affect tens of thousands of people," he said.
About five percent of the city's workforce is employed by Toyota. Last year the city had an annual budget of $271 million, and $121 million of long-term debt.
Scotto, mayor since 2006, thanked Toyota for all it had contributed to the city, including a recent $500,000 donation to help build a new sports complex a few blocks from city hall. Scotto said it is to be called the Toyota Sports Complex, although the sign hasn't been put up yet.
As he spoke to reporters and a small crowd of residents, his words were interrupted by the sound of breaking glass and crunching metal from an auto accident 50 feet away. It was that kind of morning in Torrance.
Whether the city can replace Toyota, and fill the 101-acre business park and headquarters it will leave behind, remains to be seen. Scotto said the city had a short list of companies similar to Toyota that are being courted to replace the Japanese car maker.
But conceding that the battle to keep Toyota was lost before it had even begun - "the train has already left the station," Scotto said - he also said it takes the state of California, not a small city such as Torrance, to stop large manufacturers from leaving the Golden State.
Frank Portillo, a co-owner of Los Chilaquiles Mexican Grill next to the Toyota headquarters said he did not blame Toyota, although he might lose business himself. "The taxes are lower in Texas. There are fewer regulations. It's cheaper for a company there. Why wouldn't they leave California?"
http://www.reuters.com/article/2014/...A3R1EW20140428
noted this:
The two biggest employers in Torrance, which has a population of 147,000 according to city figures, are Toyota and Honda. Both have about 4,000 employees. Losing Toyota will mean an annual loss of $1.2 million in tax revenue, Scotto said, but the emotional toll and wider economic impact will be much bigger, he said.
article:
Toyota withdrawal a bombshell, economic blow to California city
6:32pm EDT
By Tim Reid
TORRANCE, CA (Reuters) - Toyota Motor Corp's decision to move its North American sales headquarters from California to Texas was met by disbelief in Torrance, this Los Angeles exurb where the Japanese car manufacturer has run its U.S. operations since 1982.
Torrance Mayor Frank Scotto, looking grim, said outside city hall on Monday that he had been blindsided by the move. A few feet away sat Pat Simpson, a Torrance resident for over 60 years, with her head in her hands. "Why do they want to tear this place apart?" Simpson, 72, asked.
Scotto said his first inkling of Toyota's decision to move to Plano, Texas, came last Thursday, when he was told by Toyota to expect a phone call at 9.45 a.m. on Monday - just before the company was to make its decision official.
"At first I thought it was about something else," Scotto said. "Even this morning, despite all the rumors this weekend, we thought it was only going to be part of Toyota moving - not just everything." The decision, he said, was "sad news".
The two biggest employers in Torrance, which has a population of 147,000 according to city figures, are Toyota and Honda. Both have about 4,000 employees. Losing Toyota will mean an annual loss of $1.2 million in tax revenue, Scotto said, but the emotional toll and wider economic impact will be much bigger, he said.
Scotto's son-in-law works for Toyota so the mayor faces the prospect of his daughter and grandchildren moving to Texas. "It's going to affect tens of thousands of people," he said.
About five percent of the city's workforce is employed by Toyota. Last year the city had an annual budget of $271 million, and $121 million of long-term debt.
Scotto, mayor since 2006, thanked Toyota for all it had contributed to the city, including a recent $500,000 donation to help build a new sports complex a few blocks from city hall. Scotto said it is to be called the Toyota Sports Complex, although the sign hasn't been put up yet.
As he spoke to reporters and a small crowd of residents, his words were interrupted by the sound of breaking glass and crunching metal from an auto accident 50 feet away. It was that kind of morning in Torrance.
Whether the city can replace Toyota, and fill the 101-acre business park and headquarters it will leave behind, remains to be seen. Scotto said the city had a short list of companies similar to Toyota that are being courted to replace the Japanese car maker.
But conceding that the battle to keep Toyota was lost before it had even begun - "the train has already left the station," Scotto said - he also said it takes the state of California, not a small city such as Torrance, to stop large manufacturers from leaving the Golden State.
Frank Portillo, a co-owner of Los Chilaquiles Mexican Grill next to the Toyota headquarters said he did not blame Toyota, although he might lose business himself. "The taxes are lower in Texas. There are fewer regulations. It's cheaper for a company there. Why wouldn't they leave California?"
http://www.reuters.com/article/2014/...A3R1EW20140428
#73
Lexus Fanatic
iTrader: (20)
i did notice that only 1/3rd of toyota's california employees will be moving.
Q: Who is moving?
This relocation is restricted to headquarters, so it affects approximately 1,000 TFS associates in Torrance.
We appreciate that this announcement is life-changing for all of our headquarters-based associates. They are important to us. We are committed to supporting everyone who will be affected by this relocation with industry-leading relocation and retention packages. Click here for more details about the various packages being offered.
Most importantly, we hope all of our headquarters-based associates decide to join us when the time comes.
Q: Who is not moving?
This move is restricted to headquarters—TFS’ regional offices, sales offices, service centers, the Toyota Financial Savings Bank (TFSB) Henderson, NV operations, and TFS key-pointed and telecommuting positions in the field are not relocating.
In addition, TFS will continue to have a strong presence in California—with a regional office in Anaheim as well as sales offices throughout the state.
Across Toyota’s affiliates, approximately 2,300 associates will remain in California after the relocation is completed.
This relocation is restricted to headquarters, so it affects approximately 1,000 TFS associates in Torrance.
We appreciate that this announcement is life-changing for all of our headquarters-based associates. They are important to us. We are committed to supporting everyone who will be affected by this relocation with industry-leading relocation and retention packages. Click here for more details about the various packages being offered.
Most importantly, we hope all of our headquarters-based associates decide to join us when the time comes.
Q: Who is not moving?
This move is restricted to headquarters—TFS’ regional offices, sales offices, service centers, the Toyota Financial Savings Bank (TFSB) Henderson, NV operations, and TFS key-pointed and telecommuting positions in the field are not relocating.
In addition, TFS will continue to have a strong presence in California—with a regional office in Anaheim as well as sales offices throughout the state.
Across Toyota’s affiliates, approximately 2,300 associates will remain in California after the relocation is completed.
#74
Lexus Test Driver
That is one herculean task. I wish all the people affected by this, all the best.
Texas seems nice, but I have only been to Austin so I can't say for the rest of it. I can say the people do seem friendly.
Texas seems nice, but I have only been to Austin so I can't say for the rest of it. I can say the people do seem friendly.
Last edited by JessePS; 04-28-14 at 06:35 PM.
#75
Lexus Test Driver
That doesn't count the various direct and indirect costs of compliance with state and local regulations. I'm not going to waste the time trying to find and list them all.
Uhhh seriously? Lol
Why doesn't California deserve Toyota's business? Many Toyota employees are staying put in California.
Sales done equate profit? Do you even know how much porfit Toyota has actually made last year?
You can push high volume and have a loss(Big 3 in the 2000s). It's not only a volume game. You also need to reduce your cost per unit. While fixed cost per unit decreases as volume increases, variable costs generally do not.