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Related: About this forumWas Toyota driven out of California? Not so fast
Toyota's plan to close its Torrance headquarters and ship 3,000 jobs to a Dallas suburb has triggered a new round of hand-wringing among those who see business-friendly Texas gaining at the expense of regulation-choked California.
In Austin, Texas Gov. Rick Perry took a victory lap, crediting his state's low taxes and hands-off policies. Lawmakers and business lobbyists from Torrance to Sacramento said the Golden State must unravel red tape and increase incentives if it hopes to compete for jobs. They ridiculed Gov. Jerry Brown for not even knowing about Toyota's plans to abandon his state.
The trouble is that taxes, regulations and business climate appear to have had nothing to do with Toyota's move. It came down to a simple matter of geography and a plan for corporate consolidation, Toyota's North American chief told The Times. And in the big picture, California's and Texas' economies are growing at a similar pace, with corporate relocations in either direction representing only a tiny slice of job growth in both states.
It may seem like a juicy story to have this confrontation between California and Texas, but that was not the case," said Jim Lentz, Toyota's North American chief executive.
Toyota left California to move its company's brainpower, now divided among offices in three states, into one headquarters close to the company's manufacturing base, primarily in the South.
"It doesn't make sense to have oversight of manufacturing 2,000 miles away from where the cars were made," Lentz said. "Geography is the reason not to have our headquarters in California."
In Austin, Texas Gov. Rick Perry took a victory lap, crediting his state's low taxes and hands-off policies. Lawmakers and business lobbyists from Torrance to Sacramento said the Golden State must unravel red tape and increase incentives if it hopes to compete for jobs. They ridiculed Gov. Jerry Brown for not even knowing about Toyota's plans to abandon his state.
The trouble is that taxes, regulations and business climate appear to have had nothing to do with Toyota's move. It came down to a simple matter of geography and a plan for corporate consolidation, Toyota's North American chief told The Times. And in the big picture, California's and Texas' economies are growing at a similar pace, with corporate relocations in either direction representing only a tiny slice of job growth in both states.
It may seem like a juicy story to have this confrontation between California and Texas, but that was not the case," said Jim Lentz, Toyota's North American chief executive.
Toyota left California to move its company's brainpower, now divided among offices in three states, into one headquarters close to the company's manufacturing base, primarily in the South.
"It doesn't make sense to have oversight of manufacturing 2,000 miles away from where the cars were made," Lentz said. "Geography is the reason not to have our headquarters in California."
More:
http://www.latimes.com/business/autos/la-fi-toyota-economy-20140502,0,1647755.story#ixzz30ZvJ4DKG
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Was Toyota driven out of California? Not so fast (Original Post)
Kablooie
May 2014
OP
Folks with axes to grind will always choose to believe stuff that dovetails with their agenda.
CaliforniaPeggy
May 2014
#1
CaliforniaPeggy
(149,560 posts)1. Folks with axes to grind will always choose to believe stuff that dovetails with their agenda.
This is what is happening here.
The truth is irrelevant.
Auggie
(31,156 posts)2. +1,000,000
pinto
(106,886 posts)4. Yep.
pothos
(154 posts)3. of course not
it was just an excuse to bash california. which so many seem to like to do for....what reason? i do not know.