Toyota moving its U.S. headquarters from California to Plano, TX

[Miguel]

I have a friend who does corporate training. His name isn't Tillie, but he is tall.


Automotive News

Despite the deep, creative talent pool in greater Los Angeles, doing business in California has become more expensive for companies and their workers. The Los Angeles metropolitan area has been ranked ninth most-expensive in the United States by Expatistan, whereas the greater Dallas area is 19th.

According to the Tax Foundation, California trails only New York and New Jersey as the worst for complex, non-neutral taxes with comparatively high rates. Esquire magazine ranked Los Angeles as the most-expensive city in America in which to live "well."

Forbes ranked Texas the seventh-best state for business, a measure that factored a No. 1 ranking for business climate and a 23rd-best ranking for business cost. California came in at 39th out of 50 states, with a 36th-place business climate and seventh-worst business cost.

As for employees, the cost of living is 39 percent higher in Torrance than Plano, and housing costs are 63 percent cheaper in Plano, according to bestplaces.net. An equivalent $50,000 salary in Torrance would be $30,608 in Plano.

Plano has also ranked highly in “best places” and “safest cities” ratings conducted by CNN and Forbes.

...After Nissan left Los Angeles, Toyota top executives insisted they would never leave the city.

http://www.autonews.com/article/20140427...ources-say