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SVTPerformance's Chain of Restaurants
Road Side Pub
Ford canceling plans for $1.6 billion plant in Mexico, investing $700 million in Michigan expansion
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<blockquote data-quote="Blk04L" data-source="post: 15499233" data-attributes="member: 48574"><p><em><a href="http://data.cnbc.com/quotes/F" target="_blank">Ford Motor</a> said on Tuesday it plans to cancel production of a new plant in Mexico, and instead invest $700 million in Flat Rock, Michigan.</em></p><p><em></em></p><p><em>The U.S. auto giant said on Tuesday it will end plans for a $1.6 billion plant in San Luis Potosi, Mexico, and make expansions to its plant in the U.S. Ford added it will build its next-generation Focus at an existing plant in Hermosillo, Mexico, to improve company profitability.</em></p><p><em></em></p><p><em>A high level source within Ford stressed Trump had nothing to do with their decision to expand production and hire more employees, NBC News reports.</em></p><p><em></em></p><p><a href="http://www.cnbc.com/2017/01/03/ford-canceling-plans-for-16-billion-plant-in-mexico-investing-700-million-in-michigan-expansion-instead.html" target="_blank">http://www.cnbc.com/2017/01/03/ford-canceling-plans-for-16-billion-plant-in-mexico-investing-700-million-in-michigan-expansion-instead.html</a></p><p></p><p>Wonder what made them change their mind?</p><p></p><p>Edit: Fixed link. </p><p></p><p>Would also hope this doesn't get political.</p></blockquote><p></p>
[QUOTE="Blk04L, post: 15499233, member: 48574"] [I][URL='http://data.cnbc.com/quotes/F']Ford Motor[/URL] said on Tuesday it plans to cancel production of a new plant in Mexico, and instead invest $700 million in Flat Rock, Michigan. The U.S. auto giant said on Tuesday it will end plans for a $1.6 billion plant in San Luis Potosi, Mexico, and make expansions to its plant in the U.S. Ford added it will build its next-generation Focus at an existing plant in Hermosillo, Mexico, to improve company profitability. A high level source within Ford stressed Trump had nothing to do with their decision to expand production and hire more employees, NBC News reports. [/I] [URL]http://www.cnbc.com/2017/01/03/ford-canceling-plans-for-16-billion-plant-in-mexico-investing-700-million-in-michigan-expansion-instead.html[/URL] Wonder what made them change their mind? Edit: Fixed link. Would also hope this doesn't get political. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Ford canceling plans for $1.6 billion plant in Mexico, investing $700 million in Michigan expansion
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