Ford CEO Mark Fields unveiled today that his company will no longer be investing $1.6 billion on a plant in Mexico, but instead will be creating 700 jobs at their Flat Rock, Michigan plant.
Fields spoke with CNN’s Poppy Harlow this morning and explained why they will be investing in America instead of Mexico!
Overall, it’s around showing our commitment to electrified vehicles. What we are going to do today is we are going to confirm 7 of the 13 electrified vehicles…and the reason we are doing this here is because our view is electrification is going to grow and we want to be a leader there. We are investing in the products and at the same time we are investing here in the U.S. to build some of our advanced products. Both our fully electrified SUV and our fully autonomous vehicle.
First we do what’s right for our business…and we look at all factors including what we view as a more positive U.S. manufacturing business environment under President-elect Trump. It’s literally a vote of confidence around some of the pro-growth policies he has been outlining. And that’s why we are making this decision to invest in the U.S. and our plant here in Michigan.
Take a listen:
This is absolutely excellent news and shows a complete shift in Ford’s attitude from just a year ago!
Even CNN admitted “this is a major U-turn for Ford.”
Instead of investing $1.6 billion on a new plant in Mexico, Ford will be putting money right here in the United States to the tune of $700 million!