Trump Tweet Touts Ford's Plan to Invest in Three Michigan Plants
March 28 2017 - 7:54AM
Dow Jones News
By John D. Stoll
President Donald Trump steered attention back to the auto
industry Tuesday morning following last week's health care defeat,
saying in a tweet that Ford Motor Co. is planning to announce
investment in three Michigan plants, indicating the moves will
result in jobs.
Ford, the No. 2 U.S. auto maker in terms of sales, has been
expected to make an announcement Tuesday, but details were being
held under wraps. It is unclear if Ford's announcements relate to
actual new jobs or fresh investment. A spokeswoman for the auto
maker couldn't immediately be reached.
Ford in 2015 committed nearly $5 billion in investments for
Michigan factories, including facilities making components. Those
investments roll out over the life of the four-year contract,
expiring in 2019.
"Major investment to be made in three Michigan plants," Mr.
Trump's tweet said. "Car companies coming back to U.S. JOBS! JOBS!
JOBS!"
The announcement follows Mr. Trump's visit to Michigan earlier
in March to announce a review of federal emissions standards that
many auto makers characterize as stringent. During that visit, Mr.
Trump said to expect a big announcement coming from an auto
maker.
He indicated the announcement would come last week.
The move hands a positive talking point to Mr. Trump following
last week's failure by House Speaker Paul Ryan to get backing for a
bill to replace the Affordable Care Act.
Mr. Trump, once a critic of Ford's plans for producing small
cars in Mexico, has recently held up the Dearborn, Mich., auto
maker as an example of a company adding jobs in the wake of the
November election. The company recently shelved its plan to build a
new plant in Mexico and said it was rerouting investment to a
factory in Michigan that is slated to make electric vehicles.
Write to John D. Stoll at john.stoll@wsj.com
(END) Dow Jones Newswires
March 28, 2017 07:39 ET (11:39 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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