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Chided by Trump, Ford scraps Mexico factory, adds Michigan jobs

FLAT ROCK, Mich./WASHINGTON (Reuters) – Ford Motor Co (F.N) on Tuesday scrapped a planned Mexican car factory and added 700 jobs in Michigan following criticism by Donald Trump, as the U.S. president-elect turned his attention toward rival General Motors Co (GM.N) with the threat of a “big border tax” over compact cars made in Mexico. Ford CEO Mark Fields called the move “a vote of confidence” in Trump, but primarily a response to a decline in North American demand for small cars like those that would have been made at the Mexican plant.
Source: Yahoo Finance

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