US Car Industry Invests
Ford recently announced that it is investing $1.2 billion in three Michigan facilities.
The investment was praised by President Trump, who during the election campaign had been a frequent critic of Ford and particularly of its proposed move to Mexico which has now been cancelled. He said Ford was an example of car companies “coming back to U.S.”
Ford’s investment includes $850 million for its Michigan Assembly Plant in Wayne, where 3,700 people work. That’s an increaseof $150 million on top of the $700 million previously announced in January, when the company revealed plans to build its new Bronco SUV and Ranger pickup there.
Ford is also investing $150 million in an engine plant in Romeo, Michigan, that employs 500 people.
And $200 million is going on a data center in Michigan.
Other automakers have also announced U.S. investments plans.
In January Fiat Chrysler (FCAU) announced a $1 billion investment to expand factories in Ohio and Michigan, which will create 2,000 jobs by 2020.
The moral of the story is buy cars manufactured in the United States and encourage these motor companies to help make America great again.