Ford cancels $1.6 billion Mexico plant amid Trump criticism

Ford Motor said Tuesday it will cancel a planned $1.6 billion factory in Mexico and 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 and add 700 jobs. Ford Chief Executive Mark Fields said the decision to cancel the new Mexico factory was the result of sagging demand for small cars in North America and not because Trump was elected president. He told Fox Business that the automaker would have made the same decision even if Trump had not been elected.

Source: Ford cancels $1.6 billion Mexico plant amid Trump criticism

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