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☆ Mexico throws troops, aid into Acapulco as hurricane death toll rises
▼ + stars: | 2023-10-29 | by ( Josue Decavele | ) www.reuters.com time to read: +4 min

ACAPULCO, Mexico, Oct 29 (Reuters) - Mexico's government on Sunday intensified efforts to get the stricken coastal city of Acapulco back on its feet as the toll of dead and missing from a record-breaking hurricane that ravaged the iconic beach resort continued to rise. POLITICAL FALLOUT[1/7]Damaged boats are seen at the Caleta beach in the aftermath of Hurricane Otis, in Acapulco, Mexico, October 29, 2023. Former President Felipe Calderon, a longstanding adversary of Lopez Obrador, accused his administration of trying to exploit the situation by "rebranding" boxes of private aid contributions to Acapulco as "government" donations. Lopez Obrador said he expected electricity to be fully restored in the city by Tuesday. Reporting by Josue Decavele, Jose Cortes and Alexandre Meneghini in Acapulco; Daina Beth Solomon in Mexico City; Editing by Dave Graham, Marguerita Choy and Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

Persons: Hurricane Otis, Otis, Andres Manuel Lopez Obrador, Lopez Obrador, Blanca Estela Morales, Quetzalli, Lopez, Felipe Calderon, Jesus Ramirez, Calderon, Guerrero, Evelyn Salgado, Luis Cresencio Sandoval, Sandoval, Josue Decavele, Jose Cortes, Alexandre Meneghini, Beth Solomon, Dave Graham, Marguerita Choy, Lisa Shumaker Organizations: REUTERS, . Defense, National Guard, Thomson Locations: ACAPULCO, Mexico, Acapulco, Hurricane, Mexican, Mexico's, Guerrero, Mexico City

MEXICO CITY, July 13 (Reuters) - The Mexican government is no longer interested in purchasing Citigroup's (C.N) local retail arm, known as Banamex, a government spokesperson said on Thursday, adding that the U.S. bank "chose a different path" for its unit. Deputy Finance Minister Gabriel Yorio told Reuters at the time that Mexico could pursue a total or partial acquisition of the unit. Government spokesperson Jesus Ramirez did not immediately respond when asked which path the U.S. bank is taking. Before Citi's decision to list Banamex, banking sources said mining conglomerate Grupo Mexico (GMEXICOB.MX) had been eyeing the unit for around $7 billion. Reporting by Valentine Hilaire; Editing by Brendan O'Boyle and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Andres Manuel Lopez Obrador, Gabriel Yorio, Jesus Ramirez, Lopez Obrador, Valentine Hilaire, Brendan O'Boyle, Jamie Freed Organizations: MEXICO CITY, Citi, Reuters, Government, Grupo Mexico, German, Grupo, Spain's Banco Santander, Thomson Locations: MEXICO, U.S, Mexican, Mexico

☆ Mexico president says two locations primed for new Tesla plant
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Feb 8 (Reuters) - Mexican President Andres Manuel Lopez Obrador said Wednesday that electric carmaker Tesla's (TSLA.O) new plant could be installed in either the states of Nuevo Leon or Hidalgo. Lopez Obrador referred to both states as a possibility when asked about the firm's plans, which Tesla has not yet commented on, during a regular news conference. Mexican presidential spokesman Jesus Ramirez said last month Tesla is considering setting up an assembly plant near the new Mexico City airport, which would serve as an export hub for the firm. Tesla's Chief Executive Elon Musk had previously been eyeing a potential investment in the northern state of Nuevo Leon bordering Texas, according to media reports and officials who spoke to Reuters last year. Reporting by Valentine Hilaire; Editing by Isabel WoodfordOur Standards: The Thomson Reuters Trust Principles.

MEXICO CITY, Jan 31 (Reuters) - Electric carmaker Tesla Inc (TSLA.O) is considering setting up an assembly plant near a new Mexico City airport, which would serve as an export hub for the firm, Mexican presidential spokesman Jesus Ramirez said. "Tesla will invest there ... in an assembly plant, to export directly by air," Ramirez told the newspaper. Separately, a Mexican official told Reuters that Tesla had been shown the site, but had given no indication of its plans. Ramirez told El Heraldo de Mexico that Tesla was aiming to invest in the T-MexPark, a major industrial park being built close to the Felipe Angeles airport. Reporting by Diego Ore; Editing by David Gregorio Additional reporting by Raul Cortes Fernandez and Dave Graham in Mexico City, and Hyunjoo Jin in San FranciscoOur Standards: The Thomson Reuters Trust Principles.

REUTERS/Evelyn HocksteinMEXICO CITY, Jan 27 (Reuters) - Citigroup <C.N> Chief Executive Jane Fraser is planning to meet with Mexican President Andres Manuel Lopez Obrador, a government spokesperson told Reuters on Friday, amid the bank's attempt to finalize the sale of its local unit. A spokesperson for Lopez Obrador, Jesus Ramirez, said he did not have further details on the meeting, and said it was subject to final confirmation. The planned meeting comes as Citi aims to sell its Mexican unit, Banamex, as part of the company's planned withdrawal of its retail services in the country after 20 years, first announced last January. Two bidders, which sources told Reuters were Mexican conglomerate Grupo Mexico and Banca Mifel, are vying for Citi's local unit, Lopez Obrador said in December. Reporting by Kylie Madry and Isabel Woodford; Editing by Stephen Eisenhammer, Cassandra Garrison and Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

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