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15 Oct 2014 - 08:20:20 am

Toyota Leaving Hollywood Roots To Boost American Profits - Bloomberg











California can be expensive. The average annual wage for all occupations in the state was $53,030 last year, compared with $44,400 in Texas, the Bureau of Labor Statistics said in April. California ranked 48th in the country in The Tax Foundation kim kardashian new pics s State Business Tax Climate Index released in October, ahead of only New Jersey and New York. Texas ranked 11th, the non-partisan researcher said. Lofty Talk For all of the lofty talk about streamlining and faster decision making, this move is all about costs, Maryann Keller , an industry consultant, wrote in a blog post after Toyota announced the Texas move. Leaving behind thousands of highly paid workers will give the company the chance to employ fewer, lower paid employees while reducing operating costs and taxes. Toyota is pursuing the web site U.S. move as a stable yen enabled it to earn an unprecedented 587.8 billion yen ($5.7 billion) in the April-to-June quarter, beating the 497.3 billion yen average of 12 analyst estimates compiled by Bloomberg. Toyota maintained its 1.78 trillion yen profit forecast for the fiscal year ending in March 2015. While Japans first sales-tax increase in 17 years dragged down Toyotas operating income there by 20 percent from a year earlier to 365.9 billion yen, that still was enough to eclipse North American earnings, which got a boost from rising demand for sport utility vehicles such as the Toyota Highlander and Lexus GX.
Source: http://www.bloomberg.com/news/2014-08-05/toyota-leaving-hollywood-roots-to-boost-american-profits.html




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