On Tuesday, Ford CEO Mark Fields unveiled an ambitious plan for the carmaker to spend $4.5 billion over five years to introduce 13 new electric vehicles, some with self-driving capabilities.
As part of the strategy, Ford said that it would cancel new $1.6 billion factory in Mexico and instead invest $700 million in upgrading a factory in Michigan, adding 700 new jobs.
Fields later said that the company had undertaken the decision for the good of its own business, not in response to pressure from president-elect Donald Trump, who attacked the automaker’s Mexico investments during the presidential campaign.
