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Trump says Ford is going to make a major investment in 3 Michigan plants

Reuters,Akin Oyedele   

Trump says Ford is going to make a major investment in 3 Michigan plants
Stock Market1 min read

Donald Trump

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Donald Trump.

US President Donald Trump touted Ford Motor Co's expected announcement later on Tuesday about investments and jobs at its US plants, saying the automaker would be making a major investment in three Michigan facilities.

Trump said in a tweet that the anticipated announcement showed "car companies coming back to U.S. JOBS! JOBS! JOBS!"

Ford announced in January that it was halting a $1.6 billion factory in Mexico and instead investing $700 million into expanding one of its Michigan plants. The expansion was expected to create 700 jobs.

"We didn't cut a deal with Trump," Ford CEO Mark Fields told CNN at the time. The then president-elect had criticized Ford for shipping jobs overseas to Mexico.

(Reuters reporting by Susan Heavey; Editing by Lisa Von Ahn)

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