• Sign in to follow this  
    Followers 0

    Rumorpile: From California to Texas, A Toyota Goes


    • Toyota Considers A Great Move From California to Texas

    Toyota is considering moving substantial parts of its U.S. headquarters from California to Texas. Bloomberg has learned from sources from the automaker that certain high-level employees were told of the move on Friday and that the company will make an announcement today.

    “It would be very consequential for Southern California. There might be some brain drain and tumult for employees, though it should be largely seamless to the consumer. This kind of thing can create some disruption of momentum,” said Jack Nerad, executive market analyst for Kelly Blue Book.

    Reasons for this move include putting Toyota USA's executives close by their manufacturing plants in San Antonio, Kentucky, and Mississippi. However, another reason for this move comes down to how expensive it is to live and work in California. Automotive News pulled some stats on California and they aren't pretty.

    • Expatistan rates the Los Angeles metropolitan area as the ninth most-expensive place to live
    • California is third in Tax Foundation's study in which states have the worst complex, non-neutral taxes with comparatively high rates
    • Forbes rates California 36th in which states are best to do business

    Meanwhile, Texas has been rated seventh in the same study done by Forbes. Texas also has a number of tax breaks and lower cost of living.

    We'll keep you posted on this developing story.

    Source: Bloomberg, Automotive News (Subscription Required)

    William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster.

    0


    Sign in to follow this  
    Followers 0


    User Feedback




    Your content will need to be approved by a moderator

    Guest
    You are commenting as a guest. If you have an account, please sign in.
    Add a comment...

    ×   You have pasted content with formatting.   Remove formatting

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor




  • Popular Stories

  • Today's Birthdays

    1. 2005 EquinoxLS
      2005 EquinoxLS
      (41 years old)
    2. Shaula
      Shaula
      (36 years old)
  • Similar Content

    • By William Maley
      To say we were slightly disappointed to find out that the U.S.-Spec Toyota C-HR would only come with a 2.0L four-cylinder producing 144 horsepower would be an understatement. The European-spec C-HR has the choice of either a turbocharged 1.2L four or a hybrid, but neither of these powertrains will be showing up in the U.S.
      Car and Driver spoke with the C-HR's chief engineer, Hiroyuki Koba to find out why. Koba didn't say why the turbocharged 1.2L would not come to the U.S., but we're guessing Toyota didn't want to put the effort in getting this engine certified for the U.S. Also, performance numbers between the 2.0L and turbo 1.2L are similar (11 seconds for the 2.0 to hit 60 mph, 11.1 seconds for the 1.2).
      As for the hybrid, Koba said the decision comes down to the market, not engineering. At the moment, Toyota doesn't see the demand for this model in the U.S.
      Koba did admit there is a possibility for a more powerful version of the C-HR, but quickly added there aren't plans for this at the moment.
      Source: Car and Driver

      View full article
    • By William Maley
      To say we were slightly disappointed to find out that the U.S.-Spec Toyota C-HR would only come with a 2.0L four-cylinder producing 144 horsepower would be an understatement. The European-spec C-HR has the choice of either a turbocharged 1.2L four or a hybrid, but neither of these powertrains will be showing up in the U.S.
      Car and Driver spoke with the C-HR's chief engineer, Hiroyuki Koba to find out why. Koba didn't say why the turbocharged 1.2L would not come to the U.S., but we're guessing Toyota didn't want to put the effort in getting this engine certified for the U.S. Also, performance numbers between the 2.0L and turbo 1.2L are similar (11 seconds for the 2.0 to hit 60 mph, 11.1 seconds for the 1.2).
      As for the hybrid, Koba said the decision comes down to the market, not engineering. At the moment, Toyota doesn't see the demand for this model in the U.S.
      Koba did admit there is a possibility for a more powerful version of the C-HR, but quickly added there aren't plans for this at the moment.
      Source: Car and Driver
    • By William Maley
      Toyota Motor Sales Reports November 2016 Sales
      TMS posts best-ever light truck sales for the month Highlander records all-time best-ever sales up almost 67 percent  TCUV and L/Certified by Lexus achieve best-ever annual sales record after only 11 months TORRANCE, Calif. (December 1, 2016) – Toyota Motor Sales (TMS), U.S.A., Inc., today reported November 2016 sales of 197,645 units, an increase of 4.3 percent from November 2015 on a volume basis. With two more selling days in November 2016 compared than November 2015, sales were down 4.1 percent on a daily selling rate (DSR) basis. 
       
      Toyota Division posted November sales of 168,595 units, up 5.3 percent on a volume basis and down 3.2 on a DSR basis.
       
      “We expect to see the industry set a new sales record for November,” said Bill Fay, group vice president and general manager of the Toyota Division. “All-time best-ever Highlander sales combined with November best-ever RAV4 volume extends the Toyota Division’s 2016 streak of consecutive light truck sales records to 11 months.”
       
      Lexus posted November sales of 29,050 units, down 1 percent on a volume basis and 8.9 percent on a DSR basis. 
       
      "Our luxury utility vehicles continues to lead the way, with best-ever November sales for NX and best-ever November sales for the full LUV line up," said Jeff Bracken, Lexus division group vice president and general manager. "December is always one of our strongest months of the year, and we are poised for a December to Remember as we enter the month with the best light truck availability of the whole year."
       
      November 2016 Highlights  
      Corolla up almost 12 percent, posts sales of 28,262 units; records best-ever November Camry posts November sales of 28,189 units TMS light trucks up 14 percent; a best-ever month Toyota Division SUV up nearly 20 percent Highlander up almost 67 percent; posts all-time best-ever month RAV4 posts sales of 28,116 units, up 2.7 percent; posts best-ever November 4Runner sales were up almost 14 percent Toyota Division pickups up almost 14 percent Tacoma up 15.3 percent Tundra sales were up 11.5 percent  TCUV had a best-ever month and achieved its best-ever annual sales record after only 11 months L/Certified by Lexus posts best-ever November sales; achieved its best-ever annual sales record after only 11 months Lexus LUVs up 10.4 percent; posts best-ever November sales     NX up almost 56 percent; posts best-ever November LX up almost 20 percent in November IS up 16.6 percent
    • By William Maley
      Plans for a flagship Jeep may have been trashed. Autoline Daily reported yesterday that Fiat Chrysler Automobiles have cancelled plans for the Grand Wagoneer that was due for the 2019 model. Citing information from industry planning company Auto Forecast Solutions, Autoline Daily says the company cannot stretch out the platform that underpins the Jeep Grand Cherokee and Dodge Durango for a model that would be in a higher segment. 
      Autoline Daily goes on to say that work may continue on a flagship model for Jeep, but use the platform that underpins the Ram 1500 pickup.
      Rumors of the Grand Wagoneer have been floating around for a couple of years and it only recently confirmed by Jeep CEO Mike Manley. Last month, we got a possible preview as to what Grand Wagoneer's front end could look like.
      Source: Autoline Daily (Video Below)
       

      View full article
  • Recent Status Updates

  • Who's Online (See full list)