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Ford CEO Announces Plans To Keep 700 Jobs In America

Ford CEO Mark Fields announced Tuesday that Ford is cancelling plans to build a manufacturing plant in Mexico, and would avoid closing a plant in Michigan. Instead, Ford will invest $700 million into their Flat Rock, Michigan plant and create 700 new jobs, according to CNN.

In an interview with CNN’s Poppy Harlow, Fields credited the decision to President-elect Donald Trump’s policies, saying “When we make decisions like this as a company … we look at all factors, including what we view as a more positive U.S. manufacturing business environment under President-elect Trump.”

Fields added: “It’s literally a vote of confidence around some of the pro-growth policies that he has been outlining, and that’s why we’re making this decision to invest here in the U.S. and at our plant here in Michigan.”

Trump was also credited with saving several hundred manufacturing jobs at Carrier, an Indiana air conditioning company. However, Trump’s methods in dealing with American businesses have raised criticism that he has been practicing crony capitalism. Harlow asked Fields about these allegations, who responded simply: “We didn’t cut a deal with the president-elect.”