Get All Access for $5/mo

Sonic Moving Into Mexico <b></b>

Oklahoma City-The ultimate American drive-in diningexperience will go international for the first time in 2001 whenSonic Corp. cruises into Northern Mexico later this year.

The Mexican holding company, Fidelity de Mexico, S. de R.L. deC.V., comprising a select group of franchisees owning more than 300Sonic Drive-Ins throughout Texas, Oklahoma, Tennessee and Arizona,will open its first Mexican drive-in location in Monterrey, withfurther expansion into Mexico planned through 2003.

Monterrey was chosen because of its fast-growing population,increasing affluence and its status as the country's industrialcenter.

"We truly believe Mexico is ready for the Sonicbrand," said Mario Guajardo, manager of the investment trio."Sonic Drive-Ins fill a niche not offered by other businessesin Mexico: high-quality food, unique menu items and personalizedcar-hop service. That formula has made Sonic successful in theUnited States and should continue into Mexico."

While the Monterrey Sonic will be identical to Americanlocations in most ways, special care has been taken to tailor theconcept to Mexican palates. The menu will be printed in Spanish andwill feature some locally preferred soft drinks and a variety ofsalsas. -Business Wire

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

The Side Hustle He Started in His College Apartment Turned Into a $70,000-a-Month Income Stream — Then Earned Nearly $2 Million Last Year

Kyle Morrand and his college roommates loved playing retro video games — and the pastime would help launch his career.

Business News

New Southwest Airlines Major Investor Wants to Force Out CEO, Slams Company's 'Stubborn Unwillingness to Evolve'

Elliot Investment Management announced a $1.9 billion stake in the Dallas-based Southwest Airlines on Monday and is urging shareholders to vote for new leadership.

Science & Technology

Why We Shouldn't Fear AI in Education (and How to Use It Effectively)

Facing resistance to new technologies in the educational process is nothing new, and AI is no exception. Yet, this powerful tool is set to overcome these challenges and revolutionize education, preparing students and professionals for a future of unparalleled efficiency and personalized learning.

Business News

Elon Musk Threatens to Ban Employees from Using Apple Products, Says Will Lock Devices in 'Cages'

The Tesla founder sounded off on X following Apple's 2024 Worldwide Developer Conference on Monday.

Business News

Apple's AI Has a Catch — And It Could Help Boost Sales

Not every iPhone owner will get to use the new Apple Intelligence.