Ford cancels Mexico plant

Ford Motor Co. announced yesterday it's canceling plans to build a $1.6 billion plant in Mexico to construct the Ford Focus.

The company intends to invest $700 million at its Flat Rock, Michigan, assembly plant and create 700 new jobs.

Ford was criticized on the campaign trail by President-elect Donald Trump for its plans to build a San Luis Potosi, Mexico, plant. Ford President and CEO Mark Fields said factors for the decision included a probusiness environment it sees in the United States amid proposed policies under Trump.

Yesterday, Trump threatened General Motors with a border tax over production of its Chevrolet Cruze at a plant in Ramos Arizpe, Mexico. GM officials later said only a small amount of the vehicles are made in Mexico to be sold in the United States.

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