FLAT ROCK, MI – Ford is canceling plans to build a new manufacturing plant in Mexico and instead is investing $700 million in Michigan, the automaker announced on Tuesday.
The company’s CEO Mark Fields told CNN that the move is a "vote of confidence" in President-elect Donald Trump’s pledge to create a pro-business environment. Fields emphasized, however, that he did not negotiate any special deal with Trump.
"We didn't cut a deal with Trump,” he said. “We did it for our business.”
"We are today announcing that we are investing $700 M to transform Flat Rock into a new manufacturing & innovation center," Fields said in a press conference at the plant.
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