At the same time as Texas based American Airlines and parent AMR Corp. announced plans to cut 13,000 jobs, Continental Automotive Systems Inc, one of the world’s largest automotive industry suppliers, said Wednesday it will relocate production of its sensors and actuators from Europe and Asia to its plant in Seguin, Texas creating 300 new jobs and $113 million in capital investment.
“Employers from around the nation and all over the world continue to look at Texas as the premier location for business expansion, relocation and job growth thanks to our low taxes, reasonable and predictable regulation, fair legal system and skilled workforce”, Governor Rick Perry said.
The relocation of Continental Automotive Systems Inc. is a result of Texas investing $1.2 million through the Texas Enterprise Fund.
“The relocation would not have been possible without the strong support and collaboration with the state of Texas and Texas Enterprise Fund (TEF), Seguin Economic Development Corporation, City of Seguin and Guadalupe County officials”, Kregg Wiggins, senior vice president, NAFTA Powertrain Division for Continental said. “We truly appreciate their support and look forward to expanding our business in this region”.
Continental manufactures engine, transmission and hybrid control units at its plant in Seguin.