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In SoCal business news: State official says Torrance is the "biggest loser" over Toyota's move



Torrance Mayor Frank Scotto, at podium, holds a news conference to discuss the announced relocation of Toyota Motor Sales' U.S. headquarters, Monday, April 28, 2014, in front of City Hall in Torrance, Calif.  Toyota said that it will move its U.S. headquarters from Torrance to Plano, Texas, a suburb of Dallas. Small groups of employees will start moving to temporary office space there this year, but most will not move until late 2016 or early 2017 when a new headquarters is completed.
Torrance Mayor Frank Scotto, at podium, holds a news conference to discuss the announced relocation of Toyota Motor Sales' U.S. headquarters, Monday, April 28, 2014, in front of City Hall in Torrance, Calif. Toyota said that it will move its U.S. headquarters from Torrance to Plano, Texas, a suburb of Dallas. Small groups of employees will start moving to temporary office space there this year, but most will not move until late 2016 or early 2017 when a new headquarters is completed.
Damian Dovarganes/AP

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