Ford Moves EV Production to Mexico

Now Ford has announced that production of the new electric SUV is shifting from its plant in Flat Rock, Michigan to Mexico so that it can produce an autonomous vehicle in Michigan.

Sending the electric vehicle to Mexico, where labor costs are lower, will help the business case for the costly model.

For now, Ford is not revealing many details about the autonomous-drive vehicle it plans to build in MI except that it will have commercial grade performance and durability.

While President Trump won't be happy about Ford's decision to move production to Mexico, Ford does say that the decision to build the autonomous vehicle in MI will see it invest $200 million in the Flat Rock plant.

While the additional jobs and investment are welcome news in MI, it remains to be seen if moving future production to Mexico will raise the ire of President Donald Trump, who during last year's election campaign, repeatedly bashed Ford for its plan to open a small vehicle assembly plant in Mexico.

Ford is boosting its investment by $200 million and adding 150 more jobs to the MI plant as part of the shift, Mark Truby, the company's communications chief, said in an email.

Ford opened Thursday trading at $12.37, down a cent from Wednesday's close.

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