DIRS.INFO The most relevant business & tech news

☆ Mexican stocks are on fire this year. Here's what's driving the gains
▼ + stars: | 2023-03-12 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

Closer supply chains to the U.S. are giving Mexican stocks a big boost to start the year. The iShares MSCI Mexico ETF (EWW) , which is made up of Mexican stocks, is performing even better — up 15.2%. EWW YTD mountain EWW in 2023 One key factor driving this early outperformance is "nearshoring," which refers to companies bringing supply chains closer to their home country. In this case, many U.S.-based companies are moving their supply chains to neighboring Mexico, which could lead to even more gains in Mexican stocks. Lippmann said the firm likes stocks directly helped by nearshoring trends, such as the real-estate firm Vesta and airport operator OMA .

☆ 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.

☆ Vekic back to winning ways in Monterrey after injury woes
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +1 min

March 6 (Reuters) - Donna Vekic nearly quit tennis amid doubts over her fitness after undergoing knee surgery two years ago, but the Croatian has made a remarkable comeback and captured her first title since 2021 by winning in Monterrey on Sunday. Having beaten several top seeds in that tournament, she lost to world number one Iga Swiatek in the final. I've been playing good tennis and I need to keep working hard and hopefully stay healthy," the 26-year-old Vekic said. Victory over world number five Garcia marked the first time Vekic had beaten a top-10 player this year and she rose eight places to number 23 in the world rankings. "It was a crazy match until the end, (Garcia) was playing so well, playing so deep," Vekic said.

☆ 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.

☆ Elon Musk unveiled Tesla's 'Master Plan 3,' hinted at new cars, and confirmed the company's push into Mexico during Tesla's first-ever Investor Day
▼ + stars: | 2023-03-02 | by ( Grace Kay | Samantha Delouya | ) www.businessinsider.com time to read: +4 min

Elon Musk debuted his "master plan" during Tesla's first-ever Investor Day presentation. The factory will be located "near Monterrey," according to Musk, who reiterated that Tesla plans to expand production at all of its factories. The news was confirmed during Tesla's first-ever Investor Day at the company's Austin Gigafactory, where Musk unveiled Tesla's "third master plan." In the past, Musk has said Tesla eventually plans to sell an electric car for about $25,000. Musk initially unveiled the truck in 2019 and has since pushed back the production timing 3 times, according to Reuters.

☆ WTA roundup: Katie Volynets escapes 5-0, third-set hole
▼ + stars: | 2023-03-02 | by ( ) www.reuters.com time to read: +1 min

March 2 - Down 5-0 and a match point in the third set, the United States' Katie Volynets rallied to upset third-seeded Anastasia Potapova of Russia 5-7, 6-2, 7-5 on Wednesday in the second round of the ATX Open in Austin, Texas. Volynets heated up while winning the last seven games, as she lost just one point total in the final three games. Abierto GNP SegurosThird-seeded Donna Vekic of Croatia needed just 80 minutes to rout the United States' Emma Navarro 6-3, 6-2 in the second round at Monterrey, Mexico. Fifth-seeded Lin Zhu of China registered a 7-6 (4), 2-6, 6-3 win over Canada's Rebecca Marino, and Belgium's Ysaline Bonaventure topped Russia's Kamilla Rakhimova 7-6 (2), 1-6, 6-3. In the last match of the night, Slovakia's Anna Karolina Schmiedlova was scheduled to oppose the United States' Caroline Dolehide.

☆ Elon Musk presents Tesla 'Master Plan 3' with emphasis on sustainable energy
▼ + stars: | 2023-03-01 | by ( Lora Kolodny | ) www.cnbc.com time to read: +3 min

Electric vehicle maker Tesla laid out its long-term vision at a 2023 Investor Day presentation in Austin, Texas, on Wednesday. CEO Elon Musk took the stage to share his "Master Plan 3," and to discuss how Tesla plans to scale up in the face of increasing competition. Musk said, "Earth can and will move to a sustainable energy economy, and will do so in your lifetime." To start, Musk was joined on stage by Senior Vice President of Powertrain and Energy Engineering at Tesla, Drew Baglino. Tesla shares have rebounded from declines during 2022, and are up more than 60% for the year so far.

☆ Tesla to Build a Manufacturing Plant in Mexico
▼ + stars: | 2023-02-28 | by ( Anthony Harrup | ) www.wsj.com time to read: 1 min

Electric car maker Tesla Inc. plans to build a manufacturing plant in the northern Mexican industrial hub of Monterrey, President Andrés Manuel López Obrador said Tuesday. Mr. López Obrador, who spoke several times in recent days with Tesla Chief Executive Elon Musk, added at his morning press conference that details of the investment will be made known Wednesday.

☆ Mexican president gives green light to Tesla plant in northern Mexico
▼ + stars: | 2023-02-28 | by ( ) www.reuters.com time to read: +2 min

MEXICO CITY, Feb 28 (Reuters) - Electric vehicle maker Tesla Inc. (TSLA.O) will build a new plant in the northern Mexican city of Monterrey, President Andres Manuel Lopez Obrador said on Tuesday, dispelling concerns his government could block the deal over water shortages. Lopez Obrador said the two sides had reached agreement after a call with Tesla Chief Executive Elon Musk on Monday, following a separate conversation he said the two held late last week. "This will represent a considerable investment and many, many jobs," Lopez Obrador told reporters, saying Musk had been receptive to Mexico's concerns and accepted its proposals. Speaking at a news conference, Lopez Obrador said Tesla would likely give more details of its plans on Wednesday. Speculation about the prospect of Tesla going to Mexico has circulated for months, and the plant is set to become one of the major investments of the Lopez Obrador administration.

☆ 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.

☆ 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.

☆ Mexican president says Tesla will build a new plant in Mexico
▼ + stars: | 2023-02-28 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Tesla will build a new plant in Monterrey, Mexico, and adhere to a series of commitments to address water scarcity, the nation's president announced at a press conference Tuesday. He said the company will reveal more information about the new plant during its Investor Day event Wednesday. AMLO said he spoke to Tesla CEO Elon Musk on Friday and Monday. "I want to thank Mr. Elon Musk, who was very respectful and understood the importance of addressing the problem of water scarcity," AMLO said. Tesla's Investor Day will be live-streamed on Twitter and YouTube from Texas Wednesday.

Hidalgo, just outside Mexico City, is hundreds of miles from the border yet land and labor costs are lower. The United States and Canada have formally entered a trade dispute over Mexico's energy policy. It remains unclear exactly what Tesla's investment in Mexico will look like and what the company plans to produce in the country. Yet Mexico's capacity for a nearshoring boom has been held back by Lopez Obrador, particularly his energy policies, analysts said. Reporting by Diego Ore and Daina Beth Solomonin Mexico City Additional reporting by Kylie Madry in Mexico City Editing by Stephen Eisenhammer and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Unilever to build Mexico plant as part of $400 mln investment
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Feb 7 (Reuters) - Unilever Plc (ULVR.L) will build a manufacturing plant in the northern Mexican border state Nuevo Leon as part of a $400 million investment in the country over the next three years, the company said on Tuesday. The plant, which will be located in Salinas Victoria on the outskirts of Monterrey, will manufacture beauty and personal care products, Unilever said. Unilever already operates four plants in the country, which is a key center for exports to other nations, the company said. The newest plant is set to open in 2024, Unilever said. Reporting by Kylie Madry in Mexico City Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ WNBA to host first Canada game with Lynx-Sky preseason clash
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: +1 min

[1/2] Jun 26, 2022; Chicago, Illinois, USA; Chicago Sky forward Candace Parker (3) defends against Minnesota Lynx forward Jessica Shepard (10) during the second half of a WNBA game at Wintrust Arena. Mandatory Credit: Kamil Krzaczynski-USA TODAY Sports/Jan 18 (Reuters) - The Women's National Basketball Association (WNBA) will host its first-ever game in Canada, a preseason showdown between four-times champions Minnesota Lynx and 2021 title-holders Chicago Sky at Toronto's Scotiabank Arena, the league said on Wednesday. It is only the third time that a WNBA preseason game has been played abroad, after games in Monterrey, Mexico, and Manchester, England, were held in 2004 and 2011, respectively. The Lynx and Sky will face off on May 13. Reporting by Amy Tennery in New York Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

You may also access Centurion Lounges if you've got one of the following Delta credit cards:You can only access the Amex Centurion lounges when you're flying Delta, and you'll need to pay $50 per guest. Atlanta Hartsfield-Jackson International Airport (Concourse E) — coming soonCharlotte Douglas International Airport (between Concourse D and E)Dallas/Fort Worth International Airport (Terminal D)Denver International Airport (Concourse C)Intercontinental Houston Airport (Terminal D)Las Vegas McCarran International Airport (Concourse D)Los Angeles International Airport (Tom Bradley International Terminal)Miami International Airport (Concourse D)John F. Kennedy International Airport (New York)Newark Liberty International Airport (Terminal A) — not yet openNew York LaGuardia Airport (Terminal B, pre-security)Philadelphia International Airport (Terminal A)Phoenix Sky Harbor International Airport (Terminal 4)San Francisco International Airport (Terminal 3)Seattle-Tacoma International Airport (Concourse B)Washington, DC Ronald Reagan National Airport (Terminal B) — coming soonLondon Heathrow (Terminal 3)Hong Kong International (Terminal 1)International locations Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Hong Kong International Airport (Terminal 1)London Heathrow Airport (Terminal 3)Stockholm Arlanda Airport (Terminal 5)Mumbai Chhatrapati Shivaji International Airport (Terminal 2)Delhi Indira Gandhi International Airport (Terminal 3)Buenos Aires Ministro Pistarini International Airport (Terminal B)Sao Paulo–Guarulhos International Airport (Terminal 3)Melbourne Airport (Terminal 2)Mexico City International Airport (Terminals 1 and 2)Monterrey General Mariano Escobedo International Airport (Terminals A and B)Sydney Airport (Terminal 1)Centurion Studios (Escape Lounges) Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Hartford Bradley International Airport (Terminal A)Cincinnati-Northern Kentucky International Airport (Concourse B)John Glenn Columbus International Airport (Concourse B)Fort Lauderdale-Hollywood International Airport (Terminal 3)Greenville-Spartanburg International Airport (Concourse B)Minneapolis-Saint Paul International Airport (Terminal 1)Oakland International Airport (Terminal 1)Palm Beach International Airport (Concourse B)Phoenix Sky Harbor International Airport (Terminals 3 and 4)Rhode Island T.F. With these cards, you can enter 1,300+ lounges from networks such as: Amex Centurion Lounges (widely considered to be the best airport lounges in the US)Priority Pass** (access to more than 1,300 airport lounges worldwide)Delta Sky Club lounges (only when you have a same-day Delta boarding pass)Escape Lounge – The Centurion Studio PartnerPlaza Premium loungesLufthansa lounges (when flying Lufthansa, Austrian Airlines, or SWISS)Can Amex Gold cardholders use Centurion Lounges?

☆ 4 hurdles Walmart needs to clear in 2023
▼ + stars: | 2022-12-24 | by ( Ben Tobin | ) www.businessinsider.com time to read: +6 min

Analysts expect the retailer to work through excess inventory in 2023, but obstacles may arise. Here are four major Walmart challenges to watch in 2023. Expanding clinic presence is a 'must' to create major healthcare gainsA Walmart Health clinic. In 2022, Walmart saw competitors like Amazon make major healthcare splashes. Part of expansion has been announced for 2023, as Walmart plans to launch 16 more clinics in Florida by the end of the year.

Insider has compiled a list of six cities where you can live for $1,000 or less per month. Insider has compiled a list of six cities where you can live for $1,000 a month, using data from the comparison website Numbeo, which provides a crowdsourced summary of the cost of living in major cities across the world. In Rio, you'll need about $940 a month to cover an apartment in the city center and your living expenses. An apartment in the city center and living expenses would set you back around $700 a month. A one-bedroom apartment outside the city center and living expenses would set you back around $940 per month.

☆ Tesla may announce Mexico plant in coming days - report
▼ + stars: | 2022-12-19 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Dec 19 (Reuters) - Electric carmaker Tesla (TSLA.O) could announce the construction of a "Gigafactory" in the northern Mexican state of Nuevo Leon as soon as Friday, local newspaper Reforma reported Monday. The initial investment is projected at between $800 million and $1 billion, sources told the newspaper. A source told Reuters then that Musk had met with Nuevo Leon Governor Samuel Garcia and U.S. The Mexican Gigafactory, planned on the outskirts of the city Monterrey, would start by building components for current Tesla models, a source told Reforma, later possibly building a new model at a lower cost than other factories. Mexican Foreign Minister Marcelo Ebrard said earlier this month that Musk had toured three states in Mexico scouting locations for the factory.

☆ Tesla may announce $800 mln to $1 bln in Mexico plant in coming days - report
▼ + stars: | 2022-12-19 | by ( ) www.reuters.com time to read: +1 min

The total investment, taking into account future expansions, could eventually reach $10 billion, sources told the newspaper. The announcement would follow Chief Executive Elon Musk's visit to the state, which borders Texas, in October. A source told Reuters then that Musk had met with Nuevo Leon Governor Samuel Garcia and U.S. A federal official told Reuters Tesla would announce news of its planned investment when it was ready to do so, but that it would not necessarily be before Christmas. Mexican Foreign Minister Marcelo Ebrard said earlier this month that Musk had toured three states in Mexico scouting locations for the factory.

☆ Tesla plans to announce Mexico EV plant as soon as next week -Bloomberg News
▼ + stars: | 2022-12-17 | by ( ) www.reuters.com time to read: +1 min

Dec 16 (Reuters) - Tesla Inc (TSLA.O) is finalizing plans to build an electric vehicle assembly plant in an industrial area of northeastern Mexico and may announce the factory as early as next week, Bloomberg News reported late Friday. The plant will be located in Santa Catarina in Monterrey city, the capital of Nuevo Leon state in Mexico, the report said, citing people familiar with the matter. It is unclear what models Tesla would produce in the Mexican factory or when it would begin production, Bloomberg said. Two people with knowledge of the matter told Reuters in October that Tesla Chief Executive Elon Musk was considering investing in the northern Mexican state of Nuevo Leon, which borders Texas. Musk held a meeting in the state with Nuevo Leon Governor Samuel Garcia along with other local officials, and Ken Salazar, the U.S. ambassador to Mexico, one of the sources said.

☆ World Cup going from compact to super-sized in 2026
▼ + stars: | 2022-12-16 | by ( Steve Keating | ) www.reuters.com time to read: +3 min

The last time Mexico (1986) and the United States (1994) hosted a World Cup there were 24 teams. The 32-team World Cup in Qatar has a total of 64 matches, completed in 29 days, and, for now, the 2026 finals will be 80 games over 32 days. More matches, however, would mean more television rights money and, as the World Cup brings in some 90% of FIFA's revenue, its leaders will be tempted. The World Cup in Qatar has earned $7.5 billion in rights and sponsorship revenue, one billion more than the 2018 finals in Russia, FIFA said last month. One sponsor almost certainly looking forward to 2026 is Budweiser, the official beer of the World Cup, who had the taps at stadiums turned off by Qatari officials just days before the start.

☆ USMNT’s youth and talent at Qatar 2022 bodes well for 2026 World Cup
▼ + stars: | 2022-12-04 | by ( Issy Ronald | ) edition.cnn.com time to read: +31 min

The Netherlands knocked the USMNT out of the Qatar World Cup on Saturday. They made history Thursday as the first all-female refereeing crew for a men's World Cup match. Frappert became the first woman to referee a men's World Cup match. It was Morocco's first World Cup win since 1998 — and its third-ever at the tournament. Qatar is the first Islamic country to host a World Cup.

☆ England take unbeaten record against African teams into Senegal clash
▼ + stars: | 2022-12-01 | by ( Mark Gleeson | ) www.reuters.com time to read: +2 min

DOHA, Dec 1 (Reuters) - England will take an unbeaten record against African opposition into Sunday’s World Cup last-16 clash against Senegal – the first meeting between the two countries. It will be England’s 21st clash against an African team, the last coming in March against Senegal’s regional rivals Ivory Coast, who a second-string England easily beat 3-0 at Wembley. Morocco were England's first African opponents at a World Cup in 1986 when a 0-0 draw at Monterrey proved a breakthrough result for African football. England beat Egypt at the 1990 World Cup in Cagliari and Tunisia twice in the 1998 and 2018 editions. If any England players need advice on scoring against an African team ahead of Sunday's clash they need look no further than their manager Gareth Southgate.

☆ GM Mexico head sees country missing electric vehicle target for 2030
▼ + stars: | 2022-11-17 | by ( Kylie Madry | ) www.reuters.com time to read: +2 min

MONTERREY, Mexico, Nov 16 (Reuters) - General Motors' Mexico head Francisco Garza foresees just 15% of the vehicles produced in the country in 2030 as being electric, missing the goal given by Mexican officials, he said Wednesday. GM is already in talks with the Mexican government at local, state and federal levels to boost EV production, Garza said. Mexican President Andres Manuel Lopez Obrador and other officials have repeatedly touted that Mexico is on track to meet or even exceed the goal of turning 50% of automotive production electric by 2030. However, Garza said Wednesday the government's official goal was to reach 30% of production by 2030. A spokesperson for the Mexican Automotive Industry Association (AMIA) told Reuters the goal was between 30% and 50%.

Search resuls for: "Monterrey"

25 mentions found