Ford Motor Company has announced plans to cancel an assembly plant in Mexico.
Estimated to cost $1.6 billion, the company scrapped their plans to relocate and instead will invest $700 million in an assembly plant in Michigan and will add 700 jobs.
Ford CEO Mark Fields told Fox Business Network’s host Neil Cavuto:
“We’re doing this decision based on what’s right for our business,” and Ford continued, “As we think about the investments here in Michigan, as you can imagine, Neil, we look at a lot of factors as we make those. One of the factors that we’re looking at is a more positive U.S. manufacturing business environment under President-elect Trump and some of the pro-growth policies he said he’s going to pursue. And so this is a vote of confidence.”
Trump is delivering on his promise to keep jobs in America by creating an incentive-driven environment for companies to prosper.