WINNING: Ford CANCELS Mexico Plant, Decides to Invest in AMERICA

ford mexico

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.”

“We’re doing this decision based on what’s right for our business,” Ford CEO Mark Fields told Neil Cavuto on Fox Business Network. “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.”

Fields said Ford would have gone ahead with the decision whether or not Trump was elect­ed presi­dent, howev­er, he did say that he alert­ed both Trump and Vice President-elect Mike Pence ahead of the announce­ment on Tuesday.

The Ford news was the latest in a string of pre-inauguration success­es for Trump in the manufac­tur­ing sector.

In early Decem­ber, air condi­tion­er and furnace maker Carri­er agreed to stay in Indiana after weeks of negoti­a­tions headed by Pence. The decision report­ed­ly saved about 700 jobs that would have been shift­ed to Mexico.

Later in the month, wireless provider Sprint and Inter­net compa­ny OneWeb announced they would be adding thousands of jobs in the U.S. Both compa­nies are controlled by SoftBank founder Masayoshi Son, who had previ­ous­ly met with Trump.

Contin­ue Reading…


Comment Rules

1) No doxxing. Violaters of Rule 1 will have commenting privileges revoked.


2) No death threats.


3) No nudity/pornography.


4) Spamming of a product or service is not allowed and will result in an immediate revoking of commenting privileges.


5) Keep off topic discussion to open threads or the forums



Loading...