Business Briefs: Toyota to move U.S. headquarters

Business Briefs: Toyota to move U.S. headquarters

April 29th, 2014 by Staff Reports and Wire Service in Business Around the Region

Torrance Mayor Frank Scotto, at podium, holds a news conference to discuss the announced relocation of Toyota Motor Sales' U.S. headquarters on Monday, April 28, 2014, in front of City Hall in Torrance, Calif. Toyota said that it will move its U.S. headquarters from Torrance to Plano, Texas, a suburb of Dallas.

Torrance Mayor Frank Scotto, at podium, holds a...

Photo by Associated Press /Times Free Press.

Toyota to move U.S. headquarters

Toyota is moving its U.S. headquarters from California to Texas to get closer to its Midwest assembly plants and improve communication between units now spread over several states.

Toyota will break ground this year on a new environmentally-friendly headquarters in Plano, Texas, about 25 miles north of Dallas. Small groups of employees will start moving to temporary office space there this year, but most will not move until late 2016 or early 2017 when a new headquarters is completed.

The new campus will bring together approximately 4,000 employees from sales, marketing, engineering, manufacturing and finance. That includes 2,000 employees at the current headquarters in Torrance, Calif.; 1,000 employees at Toyota Financial Services, which is also in California; and 1,000 employees from Toyota's engineering and manufacturing center in Erlanger, Ky.

Union deal aids Detroit

A tentative deal announced Monday on major aspects of a contract between Detroit and some of its unions could help speed up the city's long exit from bankruptcy.

The city and the Coalition of Detroit Unions, which represents more than 3,500 city workers, agreed in principle on "major aspects" of the five-year collective bargaining agreement, a court-appointed mediation team said. Terms of the deal were not released, but mediators said it will "provide an economically feasible agreement for the city as it emerges from bankruptcy."