Ford cancels Mexico factory and will invest in Michigan in 'vote of confidence' for Trump plans

Ford Motor Co. said Tuesday it was scrapping plans to build a $1.6-billion factory in Mexico and would invest $700 million to expand a Michigan plant to build electric and autonomous vehicles that will add 700 jobs there in a move Ford's chief executive said was a "vote of confidence" in the economic policies of President-elect Donald Trump. Ford isn't abandoning expanded production in Mexico. The company said that to "improve company profitability" it would build its next-generation Ford Focus at an existing plant in Hermosillo, Mexico. But in the wake of criticism by President-elect Donald Trump of the U.S. automaker and other companies moving manufacturing jobs across the border, Ford said it would cancel its plans for a major new plant in San Luis Potosi, Mexico. A company news release didn't mention Trump, but Chief Executive Mark Fields told CNN on Tuesday that the new plans were "a vote of confidence" in the direction of the U.S. economy under the president-elect.