Ford Cancels Plans For Mexico Plant, Will Add 700 Jobs In U.S.
The Ford Motor Company has decided to eliminate the idea of building a new automobile plant in Mexico and has decided to instead bring 700 new jobs to the U.S.
After making plans public to create a new automobile plant in Mexico and getting slammed by President-Elect Donald Trump, the Ford Motor Company announced today it is canceling plans to build the new plant and instead focus on bringing 700 new jobs to the United States.
Ford CEO Mark Fields said in a statement that the investment has nothing to do with cutting a deal with Trump, but canceling the plant and bringing jobs to the U.S. is a "vote of confidence".
Ford Motor Company currently employs more than 85,000 Americans and employs 8,000 in Mexico.