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Torrance Reels From News Of Toyota's Departure

 
Damian Dovarganes / AP
 

Damian Dovarganes / AP

Toyota is consolidating its U.S corporate management in Plano, Texas. Industry analysts say the move makes a lot of sense for the auto giant, but it's a big blow for Southern California, specifically for Torrance, where Toyota employs 5,300 people. The company estimates more than half of those jobs will move in the next three years.