In what will likely be touted as the biggest win yet for President-elect Donald Trump’s America-first economic plans, Ford CEO Mark Fields announced this morning that his company will cancel a $1.6 billion plant in Mexico and instead invest $700 million in Michigan to create 700 new U.S. jobs, according to news reports. Fields said the automaker won’t build a new San Luis Potosi plant to produce the Ford Focus after all, but will expand its Flat Rock, Mich. plant to build electric and autonomous cars. The Focus will instead be built at an existing Mexican plant. That comes as part of a huge electric vehicle push announced this morning: “13 new global electrified vehicles” in the next five years, including a hybrid F-150, a hybrid Mustang and a fully electric SUV. (More details on those cars coming soon.) Here’s what Ford said in a statement: To support the new era of vehicles, Ford is adding 700 direct new U.S. jobs and investing $700 million during the next four years, creating the new Manufacturing Innovation Center at its Flat Rock Assembly Plant. Employees there will build the all-new small utility vehicle with extended battery range as well as the fully… Read full this story
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