THE MOST IMPORTANT NEWS - FORD CANCELS $1.6 BILLION MEXICO PLANT, INVESTS IN MICHIGAN; CEO CITES TRUMP

Jude Thu 05 Jan 2017, 21:11

Ford Cancels $1.6 Billion Mexico Plant, Invests in Michigan; CEO cites Trump
BY MICHAEL ON JANUARY 3, 2017

Before he’s even taken office, President-elect Donald Trump has proven to be quite the job creator.

Ford Motor Company announced Tuesday it will cancel a $1.6 billion plant planned for Mexico and will instead invest $700 million in a Michigan assembly plant, directly tying the decision to “pro-growth policies” championed by President-elect Donald Trump.

Trump had previously been critical of Ford’s plans to build in Mexico. After the announcement, Trump tweeted a link to a story about the Ford decision and then added in a subsequent message: “Instead of driving jobs and wealth away, AMERICA will become the world’s great magnet for INNOVATION & JOB CREATION.”

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