FORD CANCELS MEXICO FACTORY BECAUSE OF TRUMP’S ‘BORDER TAX’, WILL STAY IN MICHIGAN AND WILL INVEST $700 MILLION MORE

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The Republican had slapped Ford around on the campaign trail for its plans to build more cars in Mexico. He said he'd hit the company with a 35 percent tariff on vehicles it makes over the border and sells in the U.S.

( Daily Mail ) Ford cancels Mexico factory and invests in Michigan – 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

 

READ MORE: Ford CANCELS Mexico factory and invests $700m at existing plant in Michigan with promise of 700 new jobs – after Trump told Chevy to build in America or ‘pay big border tax’

 

Ford Motors cancels $1.6bn plant in Mexico and extends operations in Michigan

 

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