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☆ Tropical Storm Harold, packing heavy downpours, makes landfall in Texas
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +2 min

Tropical Storm Harold moving northwest in the Gulf of Mexico, August 22, 2023. via NOAA Acquire Licensing RightsAug 22 (Reuters) - Tropical Storm Harold on Tuesday thrashed the southern tip of Texas with damaging winds and heavy downpours as forecasters warned of possible flash flooding, minor damage and power outages throughout the day. Some 1.3 million people in the Deep South Texas and Rio Grande Valley area were under a tropical storm warning as Harold, packing 50 mile (80 km) per hour winds, made landfall at about 10 a.m. local time on Padre Island, Texas, the National Weather Service said. The storm could produce coastal flooding and flooding along rivers, roadways and in poor drainage areas. Some 7,500 homes and businesses in southern Texas were without power as the storm arrived in the area, according to Poweroutage.us. In anticipation of the storm, Texas Governor Greg Abbott ordered the deployment of state emergency response resources and an increase in the readiness level of the state's emergency operations center.

Persons: Harold, Greg Abbott, Brendan O'Brien, Chizu Nomiyama, Jonathan Oatis Organizations: NOAA Acquire, Tuesday, National Weather Service, Texans, Nuevo, Thomson Locations: Gulf of Mexico, Texas, South Texas, Rio Grande, Padre Island , Texas, Coahuila, Nuevo Leon, Mexico, Chicago

☆ Tropical storm warning for Texas with storm expected Tuesday morning
▼ + stars: | 2023-08-21 | by ( Jennifer Gray | ) edition.cnn.com time to read: +5 min

The storm’s center is expected to move inland over south Texas by midday Tuesday, hurricane center said. A tropical storm warning is in effect for portions of South Texas south of Port O’Connor and a tropical storm watch has been issued from Port O’Connor northward to Sargent. If it becomes a tropical storm, it could be named Harold, depending on whether another area in the Atlantic Ocean closer to Africa develops into a tropical storm first. Atlantic hurricane season exploding to lifeThis storm is the latest sign of the Atlantic hurricane season exploding into action. Tropical storm warnings are in effect for the southern side of Hispaniola, while tropical storm watches cover the northern side.

Persons: Harold, Michael Lowry, Lowry, Storm Franklin, ”, Gert, Emily, Phil Klotzbach Organizations: CNN, National Hurricane Center, Corpus Christi, Atlantic, of Atmospheric Science, Colorado State University Locations: South Texas, Gulf of Mexico, Texas, Mexico, Port O’Connor, Port, Sargent, Africa, Port Mansfield , Texas, Gulf, Corpus Christi, Nuevo Leon, Coahuila, Central Texas, Hispaniola, Santo Domingo, Dominican Republic, Caicos, Caribbean

☆ Mexico: Extreme heat kills more than 200 since March
▼ + stars: | 2023-07-27 | by ( Abel Alvarado | ) edition.cnn.com time to read: +2 min

CNN —The number of deaths across Mexico due to extreme heat has hit 249 over the past four months, its Ministry of Health has reported. A hundred deaths were registered in Nuevo León, 28 in Tamaulipas, 26 in Veracruz, and 26 in Sonora between March 19 and July 22. Late last month, some Mexican states hit temperatures of monthly or even all-time high topping 45 degree Celsius(113 degrees Fahrenheit) in certain places. At least two states (Baja California and Sonora) will have temperatures exceeding 45 degrees Celsius (113 degrees Fahrenheit). According to government data, 92.4% of deaths are due to “heat stroke,” and the rest are due to dehydration.

Persons: ” Organizations: CNN, Health Locations: Mexico, Nuevo León, Tamaulipas, Veracruz, Sonora, Baja California

☆ Focus: In Mexico, private cash races to plug nearshoring energy crunch
▼ + stars: | 2023-07-26 | by ( Isabel Woodford | Thomson Reuters | Isabel Is A British-Spanish Journalist Based In Mexico City. She Joined Reuters In As Part Of The Latin America News Hub | ) www.reuters.com time to read: +7 min

Sergio Arguelles, president of the Mexican Association of Private Industrial Parks (AMPIP), said parks' investment in state energy assets today is unprecedented. "Mexico would be very well positioned to take advantage of nearshoring if it didn't have such an energy problem," he said. THE SHRINKING STATEMexico's approach to its groaning electricity grid is in contrast to its fast-growing peers, which tend to either incentivize private energy contractors or have state utility companies with deep pockets. Still, there is some hope for the new wave of 47 planned industrial parks. Yet critics say Mexico's push for state control over energy distribution while also neglecting it is self-sabotage.

Persons: Daniel Becerril, Sergio Bermudez, Barbie, Mattel, Bermudez, …, Eduardo Martinez, Sergio Arguelles, Aaron Gallo, Gallo, Andres Manuel Lopez Obrador's, David Gantz, Electrobras, AMPIP's Arguelles, Lopez Obrador, Ramses Pech, Hans Joachim Kohlsdorf, Zonia Torres, Alfredo Nolasco, Isabel Woodford, Marguerita Choy Organizations: Federal Electricity Commission, REUTERS, MEXICO CITY, Unilever, Mexican Association of Private Industrial Parks, American Industries, Industries, CFE, U.S, Baker Institute, Thomson Locations: Mexico's, Santa Catarina, Monterrey, Mexico, MEXICO, Nuevo Leon, Brazil, Guanajuato

☆ Mexico stocks are surging this year on reshoring bets, but big risks can knock down the rally
▼ + stars: | 2023-07-12 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

The Mexico nearshoring play is real, but investors should be aware of some pitfalls. Nearshoring — also called reshoring, onshoring, inshoring or backshoring — is helping drive Mexican stocks higher this year. For U.S. companies, there are compelling advantages to moving operations to Mexico from Asia, including geographical proximity, as well as low labor costs. "There is no nearshoring industrial revolution without electricity," according to a March note where Lippmann discusses Mexico's need to revamp its electricity infrastructure. According to Nace, the firm is the largest auto insurance company in Mexico, "similar to a Progressive in the United States.

Persons: —, Andrés Manuel López Obrador's, Meagan Nace, Nace, Morgan, Nikolaj Lippmann, Lippmann, Lippman, López Obrador, Tesla Organizations: U.S, Grupo, Artisan Partners, Companies, Partners, Semiconductor, New York Stock Exchange Locations: Mexico, Asia, Mexican, nearshoring, Baja California, United States, Monterrey, Nuevo Leon, U.S

☆ Heat wave in Mexico leaves at least 100 dead, authorities say
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +1 min

[1/5] Paramedics attend to a person during a day of high temperatures, in Ciudad Juarez, Mexico June 27, 2023. A three-week-long heat wave this month strained the energy grid with record demand, forced authorities to suspend classes in some areas and left many Mexicans sweltering. Around 64% of the deaths occurred in northern state of Nuevo Leon bordering Texas. However, some northern cities are still seeing high temperatures. In the state of Sonora, the town of Aconchi saw highs of 49 degrees Celsius (120 Fahrenheit) on Wednesday.

Persons: Jose Luis Gonzalez, Diego Ore, Kylie Madry, Diane Craft Organizations: REUTERS, Jose Luis Gonzalez MEXICO CITY, Thomson Locations: Ciudad Juarez, Mexico, Nuevo Leon, Texas, Tamaulipas, Veracruz, Sonora, Aconchi

[1/5] A woman holds an umbrella during a period of high temperatures in Mexico City, Mexico June 13, 2023. REUTERS/Henry RomeroMEXICO CITY/MONTERREY, Mexico, June 15 (Reuters) - Mexican authorities urged people across the country to take safety precautions on Thursday as an unusual late Spring heat wave sent temperatures soaring, with cooler days possibly weeks away. said Abigail Lopez, a nurse in normally sunny but temperate Mexico City who said she was drinking more water and wearing lighter clothes to try to beat the heat. In Mexico City, children splashed around in public fountains and commuters shielded themselves from the sun with umbrellas. "In the last 20 years, we haven't had such a long heat wave," he said.

Persons: Henry Romero MEXICO, Abigail Lopez, Roberto Cardenas, Erik Cavazos, haven't, Brendan O'Boyle, Daniel Becerril, Alberto Fajardo, David Alire Garcia, Sandra Maler Organizations: REUTERS, Henry Romero MEXICO CITY, of Atmospheric Sciences, National Autonomous University, Nuevo, Thomson Locations: Mexico City, Mexico, MONTERREY, Monterrey, Nuevo Leon

☆ Carmaker Toyota to invest $328 mln in Mexico hybrid pickup plant
▼ + stars: | 2023-06-08 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, June 8 (Reuters) - Japanese carmaker Toyota (7203.T) will invest a further $328 million in a plant in the central Mexican state of Guanajuato, it said on Thursday, as it looks to adapt its production processes for a new hybrid model of its Tacoma pickup truck. "The new version of the 'Mexican pickup' will be hybrid electric, which means Guanajuato will now form part of the company's electrification production strategy," Toyota said in a statement. The funds are set to help adapt manufacturing for the new Tacoma model for a North American market, it added. Toyota has invested close to $1.2 billion in Guanajuato since it announced the plant, it added, saying the factory currently provides more than 2,500 jobs. Reporting by Sarah Morland and Kylie Madry; Editing by Brendan O'BoyleOur Standards: The Thomson Reuters Trust Principles.

Persons: Diego Sinhue, Tesla, Sarah Morland, Kylie Madry, Brendan O'Boyle Organizations: MEXICO CITY, Toyota, Tacoma, Thomson Locations: MEXICO, Mexican, Guanajuato, American, Japan, Mexico, United States, Nuevo Leon

MEXICO CITY, May 31 (Reuters) - Better coordination between Mexico's government and telecoms companies is needed to ensure a faster roll-out of 5G services to meet the demand of major companies such as Tesla (TSLA.O), executives and officials said on Wednesday. But the federal government needs to help connect the manufacturing sector with telecoms providers to boost 5G services and attract more investment, said Gabriel Szekely, Chief Executive of Mexico's National Telecommunications Association (Anatel). "(The government) does not have a specific vision for the 5G world to be implemented in Mexico," Szekely said. About 15% of Mexico's population has access to 5G services, compared to 61% in the United States, Szekely said, citing a recent study. "In the case of the train... the government has not come out to say this is what is needed and this is the plan," Szekely said.

Persons: Tesla's, Gabriel Szekely, Szekely, Ivan Rivas, Rivas, Andres Manuel Lopez Obrador's, Lopez Obrador, Cassandra Garrison, Muralikumar Organizations: MEXICO CITY, Mexico's National Telecommunications Association, Nuevo, Nuevo Leon Economy, Andres Manuel Lopez Obrador's Inter, Oceanic, Thomson Locations: MEXICO, Nuevo Leon state, U.S, Mexico, Mexico City, United States, Nuevo Leon, Pacific, Gulf, Panama

☆ Eva Longoria shares 5 essential Mexico experiences
▼ + stars: | 2023-04-30 | by ( Marnie Hunter | ) edition.cnn.com time to read: +6 min

Editor’s Note: CNN Original Series “Eva Longoria: Searching for Mexico” airs on CNN Sundays at 9 p.m. ET/PT. Here are just five of the essential experiences Longoria recommends to Mexico visitors. “There are so many indigenous cultures still vibrant in Mexico,” Longoria said. El Tajín “is one of the best-preserved pre-Hispanic cities in Mexico,” Longoria says in the Veracruz episode. With a conchaActress reveals daily ritual when she's in Mexico City 00:40 - Source: Eva Longoria: Searching for MexicoExploring requires stamina – and maybe a little sugar and caffeine.

Solis, 64, lives on the banks of Mexico's Villa Victoria reservoir, which supplies water to the bustling capital hours away but does not reach her own faucets. Villa Victoria is part of the Cutzamala System, the source of water for about six million people in Mexico City and the surrounding state of Mexico. Climate change, chaotic urban growth and inefficient infrastructure have strained Mexico's water supplies, pushing the Cutzamala System's stores to their lowest level in 27 years. Mexico City is also tapping alternative sources of water outside the Cutzamala System, including by replacing wells in the Zumpango area in the state of Mexico. But for people like Israel, who lives just a few minutes' drive from the Cutzamala System's water treatment plant and asked not to use his last name, the constitution's promise is increasingly distant.

MG Motor's hybrid eHS model is set to hit Mexico's streets on Friday, alongside two combustion-engine models, the company said. However, hybrid models could be a step forward until there is more EV investment, analysts have said. "For your day-to-day, you'll have the benefits of an electric vehicle," Daniel Nava, vice president of MG Motor in Mexico, told Reuters ahead of the announcement. Nava said the price in Mexico reflects that the model is a plug-in hybrid, which is more costly than other hybrid models, and is comparable to competitors' prices. Nava said MG Motor had been in touch with officials in Nuevo Leon as well as other states as it considered building a plant in the country.

☆ Mexico sees growth of up to 3% this year, eyes nearshoring boost
▼ + stars: | 2023-03-31 | by ( Anthony Esposito | ) www.reuters.com time to read: +3 min

Mexico's inflation rate by the end of this year is seen slowing to 5.0%, and then to 4.0% by the end of 2024. Mexico's central bank raised rates 25 basis points to 11.25% Thursday, but hinted the hiking cycle could be nearing its end. Mexico is also primed to benefit from private investment fueled by "nearshoring," the trend of moving production to North America and away from Asia, the ministry said. Nearshoring could add up to 1.2 percentage points to GDP the ministry said, without specifying a time frame. In particular, the ministry anticipated a boost to foreign investment in manufacturing, and said the automotive industry was a "natural candidate" to take advantage of nearshoring.

☆ Mexico makes lots of electric cars, but few Mexicans drive them
▼ + stars: | 2023-03-21 | by ( Aida Pelaez-Fernandez | ) www.reuters.com time to read: +5 min

General Motors Co, Ford Motor Co, BMW and Volkswagen's Audi unit also are producing EVs in Mexico, or plan to. "There are still a number of issues that need resolving in Mexico before there's a massive influx of electric cars," said Mario Hernandez, KPMG's lead manufacturing partner in Mexico. Hernandez said drawbacks included a lack of subsidies for buyers, high costs for installing charging devices at homes and a shortage of public charging stations, vital for longer journeys. Mexico has about 1,100 charging stations nationwide, mostly in the capital and other major cities, according to AMIA. Pedro Corral, director of operations for EV charging stations platform Evergo, drives his all-electric i3 BMW around Mexico City.

☆ Mexican state seeks to punish Pemex for emissions from refinery
▼ + stars: | 2023-03-20 | by ( ) www.reuters.com time to read: +2 min

MEXICO CITY, March 19 (Reuters) - Mexico's northern state Nuevo Leon on Sunday warned that it would seek penalties for state oil company Pemex after a dramatic increase in visible emissions from its Cadereyta refinery earlier in the day. Pemex (PEMX.UL) said in a statement that it had "safely halted" operations in one of the plants at the Cadereyta refinery in the afternoon; the company added there was no risk to the population and the emissions were under control. Nuevo Leon's environment ministry, however, said in a statement that it had repeatedly detected "intensified" emissions from the refinery, particularly at night, and that the refinery was responsible for 90% of sulfur dioxide emissions in the metropolitan area of Monterrey city, the state's capital. The ministry said that state environmental law gave it the right, if necessary, to halt operations at the refinery. Reporting by Jackie Botts; Editing by Stefanie EschenbacherOur Standards: The Thomson Reuters Trust Principles.

☆ Tesla could begin producing autos in Mexico next year -Mexican official
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +2 min

Companies Tesla Inc FollowMEXICO CITY, March 6 (Reuters) - Tesla Inc (TSLA.O) could begin producing its first cars in Mexico next year, with the electric vehicle maker close to receiving its final permits allowing factory construction to begin in Nuevo Leon near the U.S.-Mexico border, the state's governor said on Monday. Tesla Chief Executive Elon Musk announced the investment last week, saying the Austin, Texas-based company had selected Mexico for its next "gigafactory" with plans to produce a "next gen vehicle." Mexican officials have said the factory will be the world's biggest to produce electric vehicles, with investment worth $5 billion. "The president, by authorizing and backing Tesla, sent a message to the world that they should come to Mexico." Reporting by Daina Beth Solomon in Mexico City Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Mexico can't match U.S. incentives for proposed Tesla battery plant, minister says
▼ + stars: | 2023-03-04 | by ( ) www.reuters.com time to read: +2 min

MEXICO CITY, March 3 (Reuters) - Mexico would not be able to match the incentives offered under a U.S. act to tame inflation if Tesla Inc builds a battery plant in the country, Mexico's finance minister said on Friday, days after Tesla announced the construction of a "gigafactory" there. Tesla (TSLA.O) has not confirmed whether it will also build a battery plant in Mexico, but local officials say Tesla has visited the central states of Hidalgo, Queretaro and Puebla to scout potential sites. A decision on a battery plant in Mexico has yet to be announced. "The battery plant was not in (Tesla's) original plan, it was the Mexican government's suggestion," Ramirez said. Without legislation, Ramirez said, Mexico would not be able to match U.S. incentives.

☆ Site of Tesla Mexico factory near double size of Texas plant, local official says
▼ + stars: | 2023-03-03 | by ( Daina Beth Solomon | ) www.reuters.com time to read: +2 min

Jesus Nava, the mayor of Santa Catarina in the state of Nuevo Leon, said in an interview that Tesla is purchasing the site from private owners. He said the land spans nearly 4,200 acres in an industrial zone, more than double the size of Mexico City's international airport. Tesla's factory in Austin, Texas - one of three existing Tesla vehicle plants - sits on 2,500 acres, according to Tesla's website. Nava said Tesla will reveal what vehicles it will produce at the Nuevo Leon factory when it breaks ground, which it plans to do in three months. Tesla uses recycled water, and such companies typically use minimal liters of water per second, he added.

☆ Factbox: As Tesla prepares a Mexico plant, a look at auto plants in Mexico
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +3 min

[1/2] A general view shows the General Motors assembly plant in Ramos Arizpe, in Coahuila state, Mexico February 11, 2021. REUTERS/Daniel BecerrilFeb 28 (Reuters) - Mexico has long been a manufacturing hub in North America for multiple automakers, and the country is trying to position itself for the wave of electric vehicles (EVs) to come. The auto sector is a driver of Mexico's major manufacturing industry, which is heavily integrated into U.S. and Canadian supply chains. Mexican officials on Tuesday said Tesla Inc (TSLA.O) is the latest automaker with plans to build a plant in Mexico. Here are major automakers with plants in Mexico -General Motors Co (GM.N)Silao Plant in the central city in Guanajuato state, produces Chevrolet and GMC full-size pickup trucksRamos Arizpe Plant in the northern city in Coahuila state, builds the Chevrolet Equinox and Blazer SUVs now and will build the 2024 Blazer EV and Equinox EVSan Luis Potosi Plant in the state capital of the central state of San Luis Potosi, produces the Chevrolet Equinox and GMC TerrainFord Motor Co (F.N)Cuautitlan Assembly plant in the central city of Cuautitlan Izcalli, produces Ford Mustang Mach-EHermosillo Assembly Plant in the state capital of the northern state of Sonora, produces Ford Bronco Sport and Ford MaverickToyota Motor Corp (7203.T)Toyota Motor Manufacturing de Baja California in the northern border city of Tijuana, Baja California, produces the Toyota Tacoma pickupToyota Motor Manufacturing de Guanajuato in Apaseo el Grande, Guanajuato, produces the Toyota TacomaStellantis (STLAM.MI)Saltillo Truck Assembly Plant in the state capital of Coahuila, produces Ram light and heavy-duty pickupsSaltillo Van Assembly Plant, makes the Ram ProMaster vanToluca Assembly Plant, produces the Jeep CompassNissan Motor Co (7201.T)Nissan Mexicana (Cuernavaca) in the central city of Jiutepec, produces NP300 pickup truckNissan Mexicana (Aguascalientes 1 Plant) in the central city of Aguascalientes, produces March, Versa, KicksNissan Mexicana (Aguascalientes 2 Plant), produces SentraNissan also has a joint venture plant with Mercedes (MBGn.DE) in Aguascalientes, making the Infinti QX 50 and 55 SUVs, and Mercedes GLB SUVHonda Motor Co (7267.T)Honda de Mexico (HDM) in Celaya, Guanajuato, produces HR-VVolkswagen (VOWG_p.DE)Volkswagen de México in Sanctorum, Puebla, produces Jetta, Tiguan, TaosVW's Audi unit in San José Chiapa, Puebla, produces Audi Q5 premium SUV and plans to start manufacturing EVs by 2027Mazda Motor Corp (7261.T)Mazda de Mexico Vehicle Operation (MMVO) in Salamanca, Guanajuato, produces Mazda2, Mazda3, Mazda CX-30Kia AmericaHyundai Motor Co's (005380.KS) Kia has a plant in Pesqueria, Nuevo Leon, produces Kia Forte, RioBMW AGBMW Plant in San Luis Potosi, produces BMW 3 Series, 2 Series and will produce fully electric "Neue Klasse" modelsSOURCES: Carmakers and Auto Forecast SolutionsCompiled by Kannaki Deka in Bengaluru; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

☆ Elon Musk expected to outline more affordable EV and new Tesla 'Master Plan'
▼ + stars: | 2023-03-01 | by ( Hyunjoo Jin | ) www.reuters.com time to read: +3 min

Capturing the mass market is critical to Tesla's goal of increasing deliveries 15-fold - to 20 million vehicles - by 2030. Musk could also describe plans to update the company's best-selling vehicles, after Reuters revealed its "Project Jupiter" plan to revamp its Model Y SUV. The Investor Day event will be webcast from Tesla's Texas factory and is scheduled to start at 4 p.m. EST (2100 GMT). Musk also is set to announce the company's "Master Plan 3" for a "sustainable energy future." It would be the company's first factory outside of the United States, Germany and China, and Musk is expected to provide more details on Wednesday.

☆ Tesla plans 6,000 jobs in Mexico and eyes more investment, government says
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +2 min

BMW, General Motors and Ford have all recently announced plans to begin or step up EV production in Mexico as automakers transition away from fossil fuels. Tesla Chief Executive Elon Musk is expected to detail his Mexico plans at an Investors Day event on Wednesday at 4 p.m. EST (2100 GMT). "(Musk) is interested in investing more in Mexico," Mexican President Andres Manuel Lopez Obrador said, noting the two had discussed the government's plans to develop the Isthmus of Tehuantepec in southern Mexico when they recently talked. This closeness was very good for them," she told Mexican television. The factory will employ 5,000 to 6,000 people, she added, noting that similar Tesla plants elsewhere employ up to 10,000.

☆ Tesla's new Mexico plant could create up to 6,000 jobs - foreign ministry official
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: 1 min

MEXICO CITY, March 1 (Reuters) - Electric carmaker Tesla could create 5,000 to 6,000 jobs at a new plant planned for the northern Mexican state of Nuevo Leon, said Martha Delgado, a Mexican deputy foreign minister. Speaking in an interview on Mexican television late on Tuesday, she also said the company is considering building an electric battery plant in central Mexico. Reporting by Daina Beth Solomon; Editing by Brendan O'BoyleOur Standards: The Thomson Reuters Trust Principles.

☆ Mexican president says Tesla to build plant in Mexico
▼ + stars: | 2023-02-28 | by ( ) www.cnbc.com time to read: +2 min

MEXICO CITY, MEXICO - FEBRUARY 27, 2023: Mexican President Andres Manuel Lopez Obrador at the daily morning press conference at the National Palace in Mexico City. On February 27, 2023 in Mexico City, Mexico. Mexico's President Andrés Manuel López Obrador said Tuesday that electric car company Tesla has committed to building a plant in the city of Monterrey, an industrial hub in northern Mexico. López Obrador said the promise came in phone calls he had Friday and Monday with Tesla head Elon Musk. "There is one commitment that all the water used in the manufacture of electric automobiles will be recycled water," López Obrador said.

☆ The road to Tesla's first Mexico factory
▼ + stars: | 2023-02-28 | by ( Brendan O'Boyle | ) www.reuters.com time to read: +2 min

2022June 13: News outlet Electrek reports that Tesla Chief Executive Elon Musk told workers the company is considering sites in Canada and Mexico for a new factory. Feb. 8: Lopez Obrador says Nuevo Leon and Hidalgo states could be home to a new Tesla plant. Feb. 17: Ebrard says Tesla will soon confirm it has chosen Mexico as a location for a new plant. Feb. 24 and 27: Musk and Lopez Obrador speak in calls as Mexico and Tesla near investment deal. Reporting by Mexico City Newsroom; Writing by Brendan O'Boyle; Editing by Richard ChangOur Standards: The Thomson Reuters Trust Principles.

☆ Mexico, Tesla near deal on investment after president's phone call- sources
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +2 min

Lopez Obrador earlier revealed he would be talking to the "owner" of Tesla, which officials confirmed meant Musk. "The call went really well," a third Mexican official said. A fourth Mexican official said details of an agreement between Mexico and Tesla would be revealed on Tuesday. Mexico's government has also said the firm is considering investing near a new Mexico City airport. Reporting by Dave Graham and Diego Ore in Mexico City Editing by Brendan O'Boyle and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

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