The Ford Motor Company has announced that they are scrapping plans to build a new vehicle manufacturing plant in Mexico.
As reported by CNBC, Ford “announced Tuesday that it will cancel production of a $1.6 billion plant in Mexico, and will instead invest $700 million in Flat Rock, Michigan.”
Additionally, “The U.S. auto giant said it will add 700 direct new jobs in Flat Rock to produce high-tech electrified and autonomous vehicles, plus the Ford Mustang and Lincoln Continental.”
The decision comes as US President Elect Donald Trump criticized Ford Competitor General Motors on Twitter:
General Motors is sending Mexican made model of Chevy Cruze to U.S. car dealers-tax free across border. Make in U.S.A.or pay big border tax!
— Donald J. Trump (@realDonaldTrump) January 3, 2017
Ford CEO Mark Fields said the decision was influenced by the policies of the incoming Trump Administration. “One of the factors that we’re looking at is a more positive U.S. manufacturing business environment under President-elect Trump and some of the pro-growth policies he said he’s going to pursue. And so this is a vote of confidence.”
Photo – Twitter