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Elon Musk announces Tesla gigafactory coming to Nuevo León
Tesla plans to make "next-gen" electric vehicles at this Mexico gigafactory, which could create up to 6,000 jobs, according to officials.
AMLO confirms Tesla to build plant in Nuevo León
President López Obrador announced the news of Elon Musk's electric vehicle company's first plant in Mexico at his Tuesday press conference.
Governor says Nuevo León will receive US $12B in foreign investment
Governor García stated Nuevo León's "business environment is unmatched", alluding to anticipated investments by "big" companies in 2023.
Mexico’s final GDP growth figure for 2022 at 3.1%
Export revenues appear to have driven much of Mexico's better-than-expected GDP showing last year, but predictions for 2023 are much lower.
Nuevo León not the best option for Tesla plant, says AMLO
As the automaker appears to be considering the state for a new factory, the president said it should consider southeastern Mexico instead.
Dutch company to build US $1.5B fertilizer plant in Durango
The plant, to be built by the multinational Tarafert, will satisfy 50% of Mexico's fertilizer demand, reducing dependence on foreign sources.
Report: Economy Ministry closes offices in Washington and Geneva
El Financiero reported Monday that the SE's commercial representation offices in Washington, D.C. and Geneva have been closed.
Foreign direct investment in 2022 was Mexico’s best since 2015
Investment from outside Mexico rose 12% to just under US $35.3 billion, with nearly half coming from new investment, preliminary data shows.
Kansas City Southern announces US $200M investment in Mexico
As the railroad merges with Canadian Pacific, its Mexico subsidiary is investing in making rail a competitive shipping alternative, says its president.
National statistics agency reports 3% economic growth for 2022
Analysts said Mexico's GDP growth shows that the economy has fully recovered from the COVID-induced economic crisis.
