Japanese automakers Toyota and Mazda made Alabama a winner again Wednesday, announcing that they have chosen the state for their new $1.6 billion joint-venture manufacturing facility.
Toyota and Mazda are seeking a $1 billion incentive package from states vying for the joint car factory the companies want to build in the U.S. in 2021.
It’s currently monsoon season in El Paso, Texas, but the skies over the Santa Fe Bridge were clear Thursday when a delegation of business and government leaders from the U.S. crossed into Ciudad Juárez, Mexico, for the second day of the annual U.S-Mexico Border Summit.
In a 50-50 cost split, the automakers will complete the plant in 2021 with Toyota planning to build North America’s Corollas there, while Mazda will focus on crossover models.
Last year, the U.S. exported about $262 billion in goods and services to Mexico – $93 billion of which came from Texas.
Partnerships are aligning for the second Center for Applied Science and Technology (CAST) high school.
“They have to decide who their customer is. Is it liberal arts students or is it industry?”
If there is a 20% tax increase on Mexican goods and NAFTA gets thrown to the curb, the U.S. economy – and particularly Texas – will be negatively affected.
Among San Antonio’s global connections is its thoughtfully tended friendship with the Japanese Sister City of Kumamoto.
I was impressed by Leonardo Curzio’s presentation during the recent Asociación de Empresarios Mexicanos (AEM) annual gala.