Ford cancels $1.6 billion Mexican plant
WASHINGTON (Reuters) - Ford Motor Co said Tuesday it will cancel a planned $1.6 billion factory in Mexico and will invest $700 million at a Michigan factory as it expands its electric vehicle and hybrid offerings.
The second largest U.S. automaker had come under harsh criticism from President-elect Donald Trump for its Mexican investment plans.
(Reporting by David Shepardson; Editing by Chizu Nomiyama)
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First Published: Jan 03 2017 | 10:06 PM IST