Mexican president gives green light to Tesla plant in northern Mexico

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Mexican president gives green light to Tesla plant in northern Mexico
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MEXICO CITY :Electric vehicle maker Tesla Inc. 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.The news gives a boost to Mexico, which is working to establish i

MEXICO CITY :Electric vehicle maker Tesla Inc. 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.

"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. The president said Musk had understood the challenge posed by water scarcity, and that the company would be making a series of commitments as part of the deal.

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