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Toyota, in $3.6 Billion Move, Shifting Tacoma Production to Texas from Mexico

Toyota said Monday it will shift most production of its midsize Tacoma pickup truck from Mexico to the United States as part of a $3.6 billion investment in its San Antonio, Texas, plant. The transition from Toyota’s Tijuana, Mexico, facility will take roughly four years, the Japanese auto giant said. The announcement comes just days after Washington declined to renew a North American trade pact with Mexico, as well as Canada, fueling uncertainty for businesses. Toyota said in November it planned to invest as much as $10 billion in the United States over the next five years. The world’s largest automaker by vehicle sales, Toyota plans to build a second assembly line at its San Antonio factory, creating more than 2,000 jobs and increasing annual production capacity at the plant by 150,000 units, the company said in a statement. Toyota, in $3.6 billion move, shifting Tacoma production to Texas from Mexico

The Trump Administration Has Decided Not to Extend USMCA Trade Deal

The United States has declined to extend the U.S.-Mexico-Canada Agreement (USMCA) during its mandatory six-year review, launching a 10-year countdown that could ultimately bring an end to the agreement unless the three countries agree to significant revisions. The move, announced Wednesday by the Trump administration, does not immediately terminate the agreement. Instead, it activates the treaty’s “sunset clause,” requiring annual reviews until 2036 unless the United States, Mexico, and Canada reach a consensus on extending the pact for another 16 years. The decision injects fresh uncertainty into one of the world’s largest trading blocs, which governs nearly $2 trillion in annual trade among the three nations. The Trump Administration Has Decided Not to Extend USMCA Trade Deal. Now A Countdown Begins to Change It | IBTimes

GM to invest $4 Billion to Shift Some Production from Mexico to the US

Shares of General Motors rose before the opening bell after announcing plans to invest $4 billion to shift some production from Mexico to U.S. manufacturing plants as the automaker navigates tariffs that could drive prices higher. President Trump signed executive orders in April, relaxing some of his 25% tariffs on automobiles and auto parts, a significant reversal as the import taxes threatened to hurt domestic manufacturers. GM said late Tuesday that the investment will be made over the next two years and is for its gas and electric vehicles.  GM to invest $4 billion to shift some production from Mexico to the US | AP News

The Creator of Baby Ruth Actually Sued Babe Ruth –The Baby Ruth candy bar was created by the Curtiss Candy Company in 1920 — the same year that baseball legend Babe Ruth hit a then-record 54 home runs. But the Great Bambino was irked that the company was selling a candy bar with such a similar name to his own without offering him any royalties. Rather than take the Curtiss Candy Company to court, the Sultan of Swat decided to make his own candy bar, and in 1926 he debuted Ruth’s Home Run bar. The Curtiss Candy Company responded by turning the tables and taking Ruth to court. They accused the slugger of trying to steal their trademark and capitalize on the success of their brand. In a 1931 deposition, Curtiss founder Otto Schnering insisted the candy was named after “Baby Ruth” Cleveland — the daughter of President Grover Cleveland.  He also attested that the company came up with the name in 1919 before the baseball player had become a household name and that the name was merely coincidental. While the validity of those claims is disputed to this day, the court nonetheless ruled in favor of the candy company, forcing Ruth to end his foray into the world of candy.