Seeking Alpha

Toyota sees a pot of gold in Plano

  • A plan by Toyota (TM) to relocate its U.S. headquarters to Plano, Texas could bring $7.2B to the local economy, according to estimates.
  • The automaker could have as many as 3,650 workers at the location by 2018.
  • The big picture: Toyota sees some considerable cost savings by consolidating some operations to Plano and shifting workers from higher-cost California and Texas. The company hasn't release exact cost-savings estimates which has kept analysts' calculators buzzing.
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Comments (3)
  • SoldHigh
    , contributor
    Comments (1013) | Send Message
     
    Smart companies move out of California. Good job, Toyota!
    15 May 2014, 08:39 AM Reply Like
  • phxcrane
    , contributor
    Comments (481) | Send Message
     
    And Illinois.
    15 May 2014, 08:58 AM Reply Like
  • Myk Cherskov
    , contributor
    Comments (5) | Send Message
     
    For sure, Illinois. I own two companies, both based in Chicago, and I am in the process...

     

    Wisconsin, here I come!
    15 May 2014, 09:17 AM Reply Like
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