From the Dallas Morning News:
Worldwide automotive giant Toyota plans to move a big chunk of its U.S. headquarters from California to West Plano.
Toyota is negotiating to purchase an office site in Legacy business park where it would locate more than 4,000 workers.
The automotive manufacturer has been in talks for months with real estate owners and developers in Plano, real estate brokers familiar with the project say.
Toyota plans to seek incentives from the City of Plano and the State of Texas for the move, which is scheduled to be announced on Monday.
Bloomberg News reported Sunday that the move will involve “substantial parts” of Toyota’s U.S. headquarters located in Torrance, near Los Angeles. The operations there have thousands of workers who handle sales, finance, marketing, engineering and product planning for the automaker.
Toyota is moving the jobs out of California to seek lower operating costs, Bloomberg quoted sources.
I imagine that this type of thing will be happening more and more as California continues imposing ever increasing anti-business policies.
Just makes me wonder when California will pass a law prohibiting businesses from leaving the state (no sarcasm intended or implied)