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Ford cancels Mexico plant. Will create 700 U.S. jobs in 'vote of confidence' in Trump

Ford is canceling plans to build a new plant in Mexico. It will invest $700 million in Michigan instead, creating 700 new U.S. jobs.

Ford (F) CEO Mark Fields said the investment is a "vote of confidence" in the pro-business environment being created by Donald Trump. However, he stressed Ford did not do any sort of special deal with the president-elect."

We didn't cut a deal with Trump. We did it for our…
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