January 4, 2017
Ford Motor Co. announced it would invest $700 million to expand its Flat Rock, MI assembly plant. The automaker also said it would hire 700 new hourly workers to build self-driving and electric vehicles, as well as the Mustang and Lincoln Continental cars currently being produced at the site.
At the same time, Ford said it is canceling plans for a new, $1.6 billion plant in San Luis Potosi, Mexico. Ford CEO Mark Shields said the decision to cancel the Mexican plant was based on changing market conditions, as well as a more pro-business climate the automaker anticipates under President-elect Donald Trump. The next-generation Focus compact will be produced at Ford’s Hermosillo, Mexico factory.
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