President-elect Donald Trump has said the United States will become the world’s great magnet for innovation and job creation, after Ford Motor Company announced it was canceling a $ 1.6 billion plant planned for Mexico and would now invest $700 million in a Michigan assembly facility.
While announcing the decision, Ford linked it to “pro-growth policies” pledged by President-elect Donald Trump
Trump, who previously had criticized Ford’s plans to manufacture vehicles in Mexico, tweeted a link to the story, saying on his Twitter account:
“Instead of driving jobs and wealth away, AMERICA will become the world’s great magnet for INNOVATION & JOB CREATION.”
Ford CEO Mark Fields, meanwhile, explained the company’s decision to Fox Business Network.
“We’re doing this decision based on what’s right for our business,”
“As we think about the investments here in Michigan, as you can imagine, Neil, we look at a lot of factors as we make those. One of the factors that we’re looking at is a more positive U.S. manufacturing business environment under President-elect Trump and some of the pro-growth policies he said he’s going to pursue. And so this is a vote of confidence.”
Fields told the channel that he alerted both Trump and Vice President-elect Mike Pence before making the decision public.
