Ford cancels plans to build plant in Mexico, will invest in Michigan

Ford announced today plans to cancel a $1.6-billion plant in Mexico and to invest $700 million in metro Detroit's Flat Rock Assembly plant. "We are today announcing that we are investing $700 M to transform Flat Rock into a new manufacturing & innovation center," Ford CEO Mark Fields said at a press conference held this morning at the plant.
Read more: http://www.freep.com/story/money/cars/ford/2017/01/03/ford-make-important-company-announcement-mobility-today/96102086/?source=Snapzu