Trump threatens General Motors with tax.
The auto industry’s relationship with President-elect Donald Trump took a dramatic turn Tuesday as Ford Motor Co. decided to shift investment dollars targeted for Mexico to the U.S., while Trump threatened General Motors with a tax on some imported small cars.
Ford is canceling plans to build a new $1.6 billion factory in San Luis Potosi, Mexico, and will instead invest some of that money in a U.S. factory that will build new electric and autonomous vehicles.
Ford said last spring it would move production of the Ford Focus small car from Michigan to the new plant in Mexico. Trump repeatedly criticized the plan, and Ford was among the companies he threatened to hit with a 35 percent tariff on products made in Mexico and exported to the U.S.
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“This is a vote of confidence for President-elect Trump and some of the policies he may be pursuing,” Fields said at the company’s plant in Flat Rock.