“Toyota Motor Corp’s decision to move its North American sales headquarters from California to Texas was met by disbelief in Torrance, this Los Angeles exurb where the Japanese car manufacturer has run its U.S. operations since 1982. The two biggest employers in Torrance, which has a population of 147,000 according to city figures, are Toyota and Honda. Both have about 4,000 employees. Losing Toyota will mean an annual loss of $1.2 million in tax revenue. About five percent of the city’s workforce is employed by Toyota. Last year the city had an annual budget of $271 million, and $121 million of long-term debt.”
http://www.reuters.com/article/2014/04/28/us-autos-toyota-motor-torrance-idUSBREA3R1EW20140428
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