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Toyota to set up shop in Texas

By Tara Baukus Mello · Bankrate.com
Monday, April 28, 2014
Posted: 5 pm ET

Toyota-headquarters-buildingToyota will move its North American headquarters to Plano, Texas, a suburb of Dallas, as a way to better serve its customers and position itself for sustainable, long-term growth, the automaker said in a statement.

Currently, Toyota has three separate North American headquarters for manufacturing, sales, and marketing and corporate operations. The move will relocate the three groups to a single campus that will also include Toyota's North American finance arm.

While some employees will move this summer, the majority of the 4,000 affected employees will not move until construction of the new headquarters is complete in late 2016 or early 2017. About half of the 4,000 affected employees work at Toyota Motor Sales (shown here), the sales and marketing arm located in Torrance, Calif., in Los Angeles County.

Toyota North America CEO Jim Lentz said in a statement, "With our major North American business affiliates and leaders together in one location for the first time, we will be better equipped to speed decision-making, share best practices, and leverage the combined strength of our employees. This, in turn, will strengthen our ability to put customers first and to continue making great products that exceed their expectations."

The move will not affect Toyota's 10 U.S. factories, where it manufactures a variety of its cars, both for sale in the U.S. as well as imported to other countries.

Wondering which Toyota cars are made in America? Check out "Is Toyota American made?" for a list.

Tara Baukus Mello writes the cars blog as well as the weekly Driving for Dollars column, providing both practical financial advice for consumers as well as insight into the latest developments in the automotive world. Follow her on Facebook here or on Twitter @SheDrives.

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