Southern Auto Industry Wary Of Mexican Competition - NewsChannel5.com | Nashville News, Weather & Sports

Southern Auto Industry Wary Of Mexican Competition

Posted: Updated:

CHATTANOOGA, Tenn. (AP) -- Southern states accustomed to luring investments away from the Midwest are casting a wary eye to competition from Mexico.

Tennessee Gov. Bill Haslam was asked at the Southern Automotive Conference in Chattanooga about what steps can be taken to keep investments from moving abroad, especially in light of a recent decision by German automaker Audi to build its first North American plant in Mexico.

Haslam said Southern governors need to work toward a more regional approach to attracting investment, rather than playing off of each other.

Dennis Cuneo, a former Toyota executive, said the South should seek to make up for lower wages in Mexico by stressing education and continuing to improve infrastructure in the region. He also argued that attracting auto parts suppliers should become a greater priority.

Powered by WorldNow
Powered by WorldNow
All content © Copyright 2000 - 2014 NewsChannel 5 (WTVF-TV) and WorldNow. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.