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Ford Motor Co. president and CEO Mark Fields - Photo: REUTERS/Rebecca Cook

Mexico says regrets Ford's move to cancel Mexican plant

03/01/2017
16:56
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The second largest U.S. automaker said it would build new electric, hybrid and autonomous vehicles at the Flat Rock, Michigan plant and add 700 jobs

Mexico regrets Ford's decision to cancel plans to build a plant in the central Mexican state of San Luis Potosi and has made sure that the company will reimburse the state for any costs associated with the investment, the government said on Tuesday.

The second largest U.S. automaker said it will scrap the US$1.6 billion factory in Mexico and will invest US$700 million at a Michigan factory, after U.S. President-elect Donald Trump had harshly criticized the Mexico investment plan.

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