BREAKING: Ford Cancels Plans For $1.6 Billion Plant In Mexico
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January 3, 2017According to this and this, Ford is canceling its plans to build a new $1.6 billion plant in San Luis Potosi, Mexico and will instead invest $700 million to expand the plant in Flat Rock, Michigan. As in, more jobs at home– 700 more, to be exact.
The U.S. auto giant said on Tuesday it will end plans for a $1.6 billion plant in San Luis Potosi, Mexico, and make expansions to its plant in the U.S. Ford added it will build its next-generation Focus at an existing plant in Hermosillo, Mexico, to improve company profitability.
They say the change of plans has nothing to do with Trump, but I have a difficult time believing that. Trump’s setting the right tone, and these companies know the business environment is going to be so much better here at home.
Update: The decision did have something to do with Trump. I KNEW it.
“We are doing this decision based on what’s right for our business. As we think about the investments here in Michigan, as you can imagine Neil, we look at a lot factors as we make those,” Ford CEO Mark Fields told Neil Cavuto. “One of the factors that we are looking at is a more positive U.S. manufacturing business environment under President-elect Trump and some of the pro-growth policies that he said he is going to pursue.”
