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Toyota's move leaves Southern California with huge loss




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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Toyota has called Southern California home for more than 60 years. The company that advertises itself with "Let's Go Places" is going to Texas. 

RELATED: Toyota moving from Torrance to Texas; thousands of jobs affected

Yesterday, Toyota announced it's moving three thousand jobs from Torrance, to Plano, just outside of Dallas. Here to talk about the impact that the move will have on Southern California is Alan Ohnsman from Bloomberg.