With Toyota set to relocate its North American headquarters to the Dallas, TX suburb of Plano following a top-secret, 100-city search, the cities that missed out can now begin asking themselves what happened during a process they apparently knew little about.
Toyota North America
Toyota's North American CEO Jim Lentz has already given us a rough idea of what prompted the company's surprise move to the Dallas suburb of Plano, TX from its longstanding headquarters in Torrance, CA. A new story from The Los Angeles Times, though, delivers even more detail from Lentz on the reasoning for the move, what other cities were considered and why the company's current host city wasn't even in the running.
Toyota is allowing its North American teams a bit more freedom to build cars that best suit the market in which they work. Earlier in the year, Toyota announced that American designers would be more keyed in to model development, and now comes word that the automaker will no longer be importing Japanese-built Camry sedans into our market. Instead, starting with the 2012 Camry, the popular mid-size sedan will be built Stateside.
Toyota was in the midst of record-breaking sales back in 2007 when Yoshimi Inaba, then president of North American sales, left the company to take a new role at Central Japan International Airport Co. in Nagoya, Japan. Since then, despite taking the crown as world's largest automaker from General Motors, Toyota has hit a rough patch in the wake of the global economic downturn and has experienced massive sales declines and its first yearly operating loss in over 70 years. It's all very un-Toyota-