Ford cancels $1.6 billion Mexican plant
![BELGIUM-FORD](https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2018/02/931/506/2017-01-03T160903Z_1_LYNXMPED020P1_3_BELGIUM-FORD-1.jpg?ve=1&tl=1)
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.
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)