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Ford announces plan to create 700 new US jobs

Ford announces plan to create 700 new US jobs”

USA automaker Ford announced Tuesday it is canceling a planned $1.6 million production facility in Mexico, while also investing $700 million in expanding a plant in MI to build electric and self-driving cars.

"We didn't cut a deal with Trump".

"Ford specifically cited the appeal of lower taxes and better, smarter regulations in its decision to invest locally, and that is a lesson we should all take to heart", he said.

In November, Trump struck a deal with the air conditioning giant Carrier to keep about 850 factory jobs in IN, in exchange for tax incentives and, potentially, lucrative federal contracts for Carrier's parent company, United Technology Corp. "We did it for our business", Ford CEO Mark Fields told CNN on Tuesday.

"Build them in the United States of America or face big border tax" said the incoming U.S. president on Twitter.

Additionally, Ford announced plans to build by 2020 hybrid versions of its top-selling F-150 pickup and its iconic Mustang sports auto.

The move comes as President-elect Donald Trump insists that companies should focus manufacturing in the United States, rather than outsourcing to places like Mexico.

Ford's Mustang sports vehicle and Lincoln Continental sedan are built at the Flat Rock plant, which is south of Detroit.

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Announced in early 2016, Ford said it would move production of its Ford Focus from MI to the would-be plant in San Luis Potosi, Mexico.

"Our announcements today are really a vote of confidence in the [U.S.] economy", Fields said.

Last June, GM announced it would build Chevy Cruzes in Mexico for the first time.

If a "big border tax" is imposed and it helps close the estimated 500% labor expense premium to manufacturing in the United States automakers would presumably have less of an incentive to build cars south of the border. If he simply wanted to attack GM for importing vehicles from Mexico, why not point out that Chevy sold about 80,000 of its Mexican-made Trax crossovers previous year?

Production of the next-generation Focus sedan will still shift to an existing facility in Mexico, USAToday.com said.

Chevrolet sold about 190,000 Cruze compacts in calendar 2016, a lot of them the sedans made in Lordstown, Ohio.

"GM builds the Chevrolet Cruze hatchback for global markets in Mexico, with a small number sold in the U.S.", GM said in a tweet.



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