President Trump says Ford will make ‘major investment’ at three Michigan auto plants

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Photo Source: Reuters

In an early morning tweet, President Donald Trump said Ford will announce today plans to make a “major investment” in three Michigan plants.

A spokeswoman for Ford said the company did not have an immediate comment.

Trump has pointed to a series of investments in domestic manufacturing that automakers have recently announced as a sign his administration is delivering on its economics promises to bring jobs back to the United States. Ford, Fiat-Chrysler and General Motors, among other companies, got early mentions in his joint address to Congress last month for investing and hiring in the U.S.

But such massive investment decisions take longer to plan and execute than Trump has been in office. It’s unclear that Trump has any impact beyond the timing of the announcements, though Ford chief executive Mark Fields and other auto executives have said they expect his administration will be favorable on issues like environmental regulations and tax reform.

Already, Trump has announced plans to review fuel efficiency standards that the Environmental Protection Agency put in place during the Obama administration. He told auto workers in Ypsilanti, Michigan, earlier this month that he would not allow regulations to threaten jobs and factories.

“Big announcement by Ford today. Major investment to be made in three Michigan plants. Car companies coming back to U.S. JOBS! JOBS! JOBS!” Trump tweeted at 6:36 a.m. Eastern time.

(c) 2017, The Washington Post ยท

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