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Toyota's Texas move could boost state's economy by $7.2B in 10 years

They say everything is bigger in Texas, and apparently that includes the Toyota's effect on the economy. The giant Japanese automaker's new headquarters in Plano, TX, will add an estimated $7.2 billion to the state over the next 10 years, according to a new study commissioned by the city and cited by Bloomberg.
The benefits appear to be an absolute steal compared to the direct incentives that Plano and the state are giving Toyota. The report finds that by the time the automaker's campus is complete in 2018, it could have 3,650 full-time workers there at an average salary of $104,000. The city has prepared $6.75 million in grants, plus property tax discounts, according to Bloomberg. In addition to that, the state is offering the business $40 million in incentives from its Texas Enterprise Fund. This is still a fraction of what Toyota is estimated to bring in.
Toyota announced in April that it would move its US operations to Plano after being headquartered in California since 1957. The move affects thousands of employees from the sales and engineering divisions. The first workers will arrive there this fall, but Toyota will eventually have a whole campus in Plano by late 2017. The move is expected to save it huge amounts in taxation and offer employees a lower cost of living. Toyota North America CEO Jim Lentz also says that the Texas location puts the headquarters closer to more of the business' factories in the south. Texas certainly appears to be showing it some southern hospitality.

Incoming Toyota chairman wants a Supra successor

We'd venture to guess that in recent years, there have probably been almost as many rumors swirling about a Toyota Supra successor than there have been for a mid-engine Corvette. (Case in point: the speculative renderings we came across a few years ago, pictured above.) While we don't expect the Corvette's recipe to change drastically any time soon, it looks like a Supra - or more appropriately a Supra-like car - could be closer than we think.
First, there was an announcement of a BMW-Toyota joint venture. Said venture would, among other things, "Set up a feasibility study to define a joint platform concept for a mid-size sports vehicle."
Upping chances even further, a new Automotive News report claims that incoming Toyota chairman Takeshi Uchiyamada wants a vehicle "comparable" to the Supra. Clearly there are a lot of parties that want a new Supra to happen - to say nothing of enthusiasts - but Uchiyamada might be just the guy to get it done. None of this is proof positive of an impending Supra, to be sure, but winds do seem favorable.

Momkhana goes drifting with a V8 minivan in the 'burbs

Ken Block probably never expected that he would launch countless imitators when he released Gymkhana years ago, but by now we've seen the concept broadened for everything from toy cars to Crazy Carts. The latest parody is Momkhana, and it moves the setting to the suburbs for a trip to the shoe store. Before you completely write off the idea, though, keep in mind the vehicle making the commute is a drift-happy, rear-wheel drive Toyota Sienna boasting an LS3 V8 with an estimated 550 horsepower. The significant increase in muscle certainly makes a drive to the strip mall a lot more entertaining. In addition to the engine transplant, the minivan gets a massive handbrake to allow for big slides through the neighborhood. The clip replicates many of the classic stunts from Block's Gymkhana videos but in new, rather absurd surroundings. So instead of long, smoky donuts in a warehouse, they happen at the end of a cul-de-sac. If you're curious to see how the video was done, Famous Footwear, which created the clip, also made a featurette showing off some of the van's preparation and filming behind the scenes. News Source: Famous Footwear via YouTube, Carscoops Toyota Minivan/Van Performance Videos gymkhana toyota sienna