Toyota Financial Services announced late last month that it will join Toyota Motor Sales USA, Toyota MotorEngineering & Manufacturing North America, and ToyotaMotor North America in a single headquarters location in a suburban office park in Plano, Texas.
About 1,000 TFS employees “in good standing” at the company’s California headquarters will be offered relocation and retention packages for the move to the Dallas suburb. Employees will also receive pre-relocation assistance for visiting the Dallas area to check out schools and other amenities. “People have a lot to think about,” TFS spokesman Justin Leach told Auto Finance News. “It’s a life-changing decision for a lot of the company’s associates.”
Most TFS associates who choose to relocate will do so in 2017, when the new headquarters is expected to be fully operational and affiliate partners are in place. Associates at TFS’ regional offices, sales offices, and service centers — including those located in California, as well as at Toyota Financial Savings. TFS will continue to have a strong presence in California, with a regional office in Anaheim and sales offices throughout the state. Across all Toyota affiliates, about 2,300 associates will remain in California after the relocation is complete.
