Slim to make electric vehicle in Mexico

At a time when American auto giants are under pressure to bring back production from Mexico to the U.S., Mexican billionaire Carlos Slim Helu is planning an expansion of his modest presence in Mexico's auto industry.

Giant Motors, controlled by Slim's financial services conglomerate, Inbursa, is in the process of manufacturing a made-in-Mexico electric vehicle with plans to launch it commercially next year, Forbes Mexico reported.

Source: Forbes