KEEPING PRODUCTION IN THE USA: Ford is canceling plans to build a new $1.6-billion factory in Mexico and will invest $700-million in a Michigan plant to build new electric and autonomous vehicles. The factory will get 700 new jobs. Image: AP / Carlos Osorio
Washington - Ford announced on Tuesday (January 3) it is canceling plans to build a $1.6-billion factory in Mexico and instead will boost US production of electric vehicles.
The company said in a statement: "Ford today announced it is canceling plans for the new plant in San Luis Potosi, Mexico."
READ: Ford moving small car production to Mexico
At the same time, Ford is adding 700 US jobs and investing $700-million during the next four years to expand its Flat Rock Assembly Plant in Michigan so that it can build self-driving and electric vehicles.