Ford Motors Cancels Mexico Plant, Expands In Michigan

Ford Motor Company says it will cancel it's plans for a $1.6 billion plant in Mexico and will invest $700 million in its Michigan plant instead.

In an interview with CNN Money Ford CEO, Mark Fields, said the move is a 'vote of confidence' in President-elect Donald Trump's pro-business environment. Fields said Ford didn't cut a deal with Trump, they made the decision for their business.

The investment will add 700 jobs to the Flat Rock, Michigan plant where they will make more self-driving and electric cars.