Toyota Vows Better Speed to Market, Employee Retention

URLhttp://wardsauto.com/industry/toyota-vows-better-s
Sourcewardsauto.com
Date Published07/06/2017
Author NameChristie Schweinsberg
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Toyota
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):4200
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2014
Year reshoring implemented or to be implemented:2017
Domestically, the work will be done:In-house
Capital investment ($):1000
Country(ies) from which reshored:Japan
City reshored to:Plano
State(s) reshored to:TX
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredautomobiles
What domestic positive factors made reshoring more attractive?Government Incentives, Proximity to customers/market
Government Incentive dollar amount:750,000
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