What is the significance of the $700 million investment in Flat Rock, MI?
Ford Cancels $1.6B Mexico Plant After Trump’s Criticism
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Ford has decided to cancel its $1.6 billion plant in San Luis Potosí, Mexico, as announced by CEO Mark Fields. Instead, Ford will focus on producing electric vehicles, with plans to introduce 7 out of 13 new models in the next five years. The company will also invest $700 million in expanding its Flat Rock, Michigan plant. These decisions are influenced by comments from the President-elect.
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What comments made by the President elect influenced the decision regarding the new plant?
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