Ford cancels $1.6 billion Mexican plant

Features Reuters

  • The Ford logo is pictured at the Ford Motor Co plant in Genk December 17, 2014. REUTERS/Francois Lenoir

    The Ford logo is pictured at the Ford Motor Co plant in Genk December 17, 2014. REUTERS/Francois Lenoir (Copyright Reuters 2017)

  • The Ford logo is pictured at the Ford Motor Co plant in Genk December 17, 2014. REUTERS/Francois Lenoir

    The Ford logo is pictured at the Ford Motor Co plant in Genk December 17, 2014. REUTERS/Francois Lenoir (Copyright Reuters 2017)

Ford Motor Co said Tuesday it will cancel a planned $1.6 billion factory in Mexico and will invest $700 million at a Michigan factory as it expands its electric vehicle and hybrid offerings.

Continue Reading Below

The second largest U.S. automaker had come under harsh criticism from President-elect Donald Trump for its Mexican investment plans.

(Reporting by David Shepardson; Editing by Chizu Nomiyama)