You are here

Ford cancels US$1.6b Mexican plant

Wednesday, January 4, 2017 - 00:21

[WASHINGTON] Ford Motor Co said Tuesday it will cancel a planned US$1.6 billion factory in Mexico and will invest $700 million at a Michigan factory as it expands its electric vehicle and hybrid offerings.

The second largest U.S. automaker had come under harsh criticism from President-elect Donald Trump for its Mexican investment plans.

REUTERS

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom