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Current Events => Breaking News => Topic started by: HAPPY2BME on January 03, 2017, 12:26:40 PM

Title: Ford cancels plan for $1.6 billion plant in Mexico after Trump criticism
Post by: HAPPY2BME on January 03, 2017, 12:26:40 PM
 Tue Jan 3, 2017

 By Bernie Woodall and David Shepardson | FLAT ROCK, Mich./WASHINGTON

Ford Motor Co (F.N) said Tuesday it will cancel a planned $1.6 billion factory in Mexico and will invest $700 million at a Michigan factory, after President-elect Donald Trump had harshly criticized the Mexico investment plan.

The second largest U.S. automaker said it would build new electric, hybrid and autonomous vehicles at the Flat Rock, Michigan plant.

http://www.reuters.com/article/us-ford-mexico-idUSKBN14N1EO