Ford will invest $1.2 billion to build or modernize three facilities in MI where it plans to assemble trucks and SUVs, and to store consumer data, a reflection of the trends that are fundamentally reshaping the auto industry's business model and manufacturing operations in the U.S.
"Major investment to be made in three MI plants", Trump posted on Twitter early Tuesday.
President Donald Trump applauded the move in an early morning tweet, Tuesday, March 28, 2017.
Ford said Tuesday it is investing $1.2 billion in three MI facilities. Auto companies coming back to U.S. JOBS!
The automaker says it will invest $850 million to retool the Michigan Assembly Plant to begin building the Ranger at the end of 2018 and the Bronco in 2020.
Hinrichs said it is too early to say how many white-collar jobs will be created, but the number is expected to be significantly smaller than what is being announced at the Michigan Assembly Plant.
The $1.2bn total is in addition to $700m to expand Ford's plant at Flat Rock in MI, which it announced in January. "Ford's announcement of a new advanced data center at the Flat Rock Assembly Plant also further positions the company as a leader in the future of mobility, including the development of connected and automated vehicles".
- This report was updated at 10:32 a.m.
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Congresswoman Debbie Dingell (D-12th District) said Ford's continued investment in the area is a positive across the board. "We look forward to celebrating more product investment and job growth at each of our UAW represented facilities in the months and years to come".
"Today's announcement is further proof of Ford's commitment to producing in MI and the United States", she said.
Ford will invest another $150 million and add 130 jobs at its Romeo Engine plant.
"JOBS! JOBS! JOBS!" Trump tweeted.
"I think the auto companies are being savvy in the way they publicize them (the investments) to appease the President", Krebs said.
Ford in January scuttled plans for a $1.6 billion facility in Mexico to move production of the Focus sedan.
Trump has at times promoted job announcements at the White House that had been previously planned or announced.
Ford said last week it expects a full-year pretax profit of $9 billion, down from $10.4 billion in 2016, as it invests in autonomous cars and new mobility services.