and announces plan after Trump tells Chevy to build in America or 'pay big border tax'
- Ford announced a $700 million investment and 700 new jobs in Michigan
- Cancelled plans to build a $1.6 billion plant in Mexico for production of the Ford Focus - it will built next generation of the vehicle at an existing Mexican factory
- Ford CEO Mark Fields said at a news conference that the 'pro-growth' polices of President-elect Donald Trump are encouraging
- Trump had threatened General Motors with a 'big border tax' earlier in the morning if it continued to make a version of its Chevy Cruze in Mexico
- He hit Ford on the campaign trail for its plans to build more cars in Mexico and said he'd slap the company with a 35 percent tariff
- GMS says it builds the sedans it sells in the the US in Ohio; the Chevy Cruze model that is manufactured in Mexico is primarily sold in foreign markets
Read more: http://www.dailymail.co.uk/news/article-4084692/Ford-cancels-Mexico-factory-invests-Michigan-Trump-threatens-Chevy-big-border-tax.html#ixzz4Uiyv74Sp
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