(THE HILL) Ford is canceling plans to build a new plant in Mexico and instead is investing $700 million in Michigan, the company announced on Tuesday.
The automaker’s CEO Mark Fields told CNN that the move is a "vote of confidence" in President-elect Donald Trump’s pledge to create a pro-business environment. But Fields emphasized that he did not negotiate any special deal with Trump.
"We didn't cut a deal with Trump,” he said. “We did it for our business.”
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