On Tuesday, Toyota will break ground on its new North American headquarters in Plano. Toyota North America CEO Jim Lentz is celebrating the launch of the project by pretending that Texas' outsize corporate incentives had no influence on the company's relocation.
In an interview at the North American International Auto Show with Dallas Morning News auto writer Terry Box, Lentz lists exactly two reasons for Toyota's move: to consolidate its far-flung operations, currently spread between California, Kentucky and New York, and to lure young workers. Box writes, "He also figured, though, that the layout of Toyota's U.S. offices just wasn't conducive to the sort of collaborative environment that young workers want."
Both points are probably true to a degree, but it seems worth somebody (oh, we dunno, a newspaper reporter) mentioning a few other points that might have tipped the scales for Toyota. For example:More »