Ford cancels Mexico plant, will boost US output

Ford Motor Co (F.N) said Tuesday it will cancel a planned $1.6 billion factory in Mexico and will invest $700 million at a Michigan factory

Ford cancels Mexico plant, will boost US output

World Bulletin / News Desk

Ford announced Tuesday it is canceling plans to build a $1.6 billion plant in Mexico and instead will boost US production of electric vehicles.

"Ford today announced it is canceling plans for the new plant in San Luis Potosi, Mexico," the company said in a statement.

At the same time, Ford is adding 700 US jobs and investing $700 million during the next four years to expand its Flat Rock Assembly Plant in Michigan so that it can build self-driving and electric vehicles.

 

Güncelleme Tarihi: 03 Ocak 2017, 19:44
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