Trump praises Ford, Fiat for US investments

By REUTERS
January 9, 2017 16:33

President-elect Donald Trump praised Ford Motor Co and Fiat Chrysler Automobiles NV for announcing new investments in the United States after he made US auto production a key part of his campaign.

Ford announced last week it would abandon plans to build a $1.6 billion plant in Mexico and invest $700 million in a Michigan plant over four years, while Fiat Chrysler said Sunday it will invest $1 billion and add 2,000 jobs at plants in Ohio and Michigan to build new SUVs and pickup trucks. Both companies have said they made the decision for business reasons and not because of pressure from Trump.


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