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Toyota to move U.S. headquarters from California to Texas

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Toyota may be moving its North American headquarters from California to Texas. (Source: CNN) Toyota may be moving its North American headquarters from California to Texas. (Source: CNN)

(RNN) - Toyota Motor Company announced their North American headquarters will move to Plano, TX, near Dallas.

Bloomberg reported Texas Gov. Rick Perry offered the company lower taxes and fewer regulations to encourage it to leave Torrance, CA.

Toyota has not officially confirmed the move, but officials invited employees to a webcast Monday for an announcement.

The new headquarters will bring sales, marketing, advertising, manufacturing and other departments under one roof. Many of these divisions are in different cities across the U.S., according to Reuters.

Toyota began operating in California in 1957.

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