Mexico's PAN suffers heavy losses in general elections

The governing PAN party of Mexico has lost the presidential election, with Josefina Vazquez Mota falling in third place. It will be the third party in the lower house of Congress and the second party in the Senate. The party plans to make changes after these election results. 

Fox News Latino: Mexico's governing National Action Party, or PAN, suffered "a huge defeat" in the general elections and will now have to "regroup and pick itself up," party chairman Gustavo Madero said Monday.

Mexico is going through "a transition that is still at risk," Madero told MVS radio.

The PAN chairman said he did not plan to resign, but he added that the party was undergoing "self-criticism and was humbled" by the election results. Read more.