Tropical storm forms off Mexico, 2nd fades in NAtlantic

Tropical Storm Ivo has formed off the southwestern coast of Mexico but is not forecast to pose a threat of landfall, while Tropical Storm Chantal has weakened to a tropical depression in the North Atlantic

MEXICO CITY -- Tropical Storm Ivo formed Wednesday off the southwestern coast of Mexico but was not forecast to pose a threat of landfall.

The storm had maximum sustained winds of 50 mph (85 kph). It was centered about 480 miles (770 kilometers) south of the tip of Mexico's Baja California Peninsula late Wednesday and was moving to the west-northwest at 18 mph (30 kph).

Meanwhile, Tropical Storm Chantal out in the North Atlantic weakened into a tropical depression as it moved away from North America, also posing no threat to land.

No coastal watches or warnings were in effect as a result of either storm.