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Old 04-28-2014, 07:47 PM
 
7,072 posts, read 9,614,322 times
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Quote:
Originally Posted by isolace View Post
This is depressing news for our area. A major impact on the economy. Was KY sleeping at the wheel?

Are all the offices moving out. I saw another person ask, but what about Toyota Boshoku?
Boshoku is a separate company.
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Old 04-29-2014, 06:20 AM
 
1,584 posts, read 1,972,881 times
Reputation: 1714
Texas is an aggressive pro-business state. Sad to see them leave, but this is what happens when you don't take care of a company. $40MM is a lot of money in the global economy. If you don't continously reduce your operating costs, you're dead.
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Old 04-29-2014, 06:30 AM
 
35 posts, read 52,993 times
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Quote:
Originally Posted by ram2 View Post
Boshoku is a separate company.
True. I was curious because the reason for its location in Erlanger is due to TEMA.
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Old 04-29-2014, 09:30 AM
 
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California is a bigger loser in the deal than Kentucky. Toyota joins a long list of companies moving out of California (Nissan moved out of there, and I wouldn't be surprised if Tesla joins them soon). I wouldn't be surprised if California asks for a federal bailout after the next tech. downturn (whenever that might be).
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Old 04-29-2014, 07:52 PM
 
368 posts, read 638,592 times
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Well you cant blame Kasich for this one.Columbus has a similar airport situation to cincy yet Honda is moving their north American headquarters from california to Marysville,just outside Columbus. Kentucky should have been more aggressive imo.
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Old 04-30-2014, 06:09 AM
 
1,130 posts, read 2,542,351 times
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Quote:
Originally Posted by chet_kinkaid View Post
Well you cant blame Kasich for this one.Columbus has a similar airport situation to cincy yet Honda is moving their north American headquarters from california to Marysville,just outside Columbus. Kentucky should have been more aggressive imo.
Hard to be aggressive when you are totally blindsided.

My friends who work for Toyota suspect that this has been in the works for at least a couple of years. One friend of mine noted that a year and half ago when they were expanding his department, the new jobs did not come to Erlanger, but rather were established in Ann Arbor, MI. Turns out, that's exactly where he is slated to go.

Unfortunately, his wife, who also works for Toyota, is destined to Plano.
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Old 04-30-2014, 02:09 PM
 
Location: Cincinnati (Norwood)
3,530 posts, read 5,021,517 times
Reputation: 1930
Quote:
Originally Posted by chet_kinkaid View Post
Well you cant blame Kasich for this one.Columbus has a similar airport situation to cincy yet Honda is moving their north American headquarters from california to Marysville,just outside Columbus. Kentucky should have been more aggressive imo.
Quote:
Originally Posted by t45209 View Post
Hard to be aggressive when you are totally blindsided...
Agreed, t45209--not sure that Toyota in NKY can be readily compared with Honda in Central Ohio. These two highly competitive Japanese auto-makers' corporate situations aren't the same and their employment in KY and OH differ drastically--with a larger Toyota work force in Georgetown-vs-the Honda work force in Marysville--and not including the 750 jobs being added in Georgetown to produce the Lexus ES in 2015.

Obviously, the horrific Delta downsizing of the CVG hub has played its part in Toyota's decision to move, but that, alone, wasn't the deciding factor in their Texas relocation. At this moment, so many business secrets are being concealed that no one knows for sure what happened--but, one thing is for certain...

And that is that the NKY business community, the surrounding state of KY and the neighboring state of Ohio were all blindsided by Toyota's "Texas decision." So let's not blame anyone in either NKY/SW Ohio just yet for this devastating regional business setback. (Lest we forget, in its procuring a significantly enlarged GE presence, Cincinnati just obtained a major business win over competing Texas.)
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Old 04-30-2014, 03:39 PM
 
Location: Mason, OH
9,259 posts, read 16,794,131 times
Reputation: 1956
But the problem is, we the public still don't know the reason for either the gain or the loss. I can't recall anything put out by GE itself stating why they chose the Cincinnati Area for their global operations center. Nor can it identify any statement by Toyota as to the reasons they are moving to Texas. They have simply related the effects of the move, but the why has been judiciously left out.
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Old 04-30-2014, 06:58 PM
 
1,130 posts, read 2,542,351 times
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I saw an AP article on Yahoo Finance today which focused on the loss to California in this move. The Tri-State implications were barely a footnote in the article, but the Toyota CEO was quoted in it as saying that "Erlanger was too small" to even be a consideration for the scale of the operation they were looking to create.
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Old 04-30-2014, 07:42 PM
 
Location: Covington, KY
1,898 posts, read 2,752,366 times
Reputation: 607
Quote:
Originally Posted by kjbrill View Post
But the problem is, we the public still don't know the reason for either the gain or the loss. I can't recall anything put out by GE itself stating why they chose the Cincinnati Area for their global operations center. Nor can it identify any statement by Toyota as to the reasons they are moving to Texas. They have simply related the effects of the move, but the why has been judiciously left out.
GE couldn't possibly want to be close to the air base. Naww. Especially since the kids can visit the aviation related national park sites and get teddy bears 'n stuff. Naww. What would a jet engine company want with an air base....

As for a Japanese car company in Kentucky, 'taint ezackly home grown.
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