President-elect Donald Trump thanked Ford Motor Co. Wednesday for deciding to scrap plans for a factory in Mexico.
Ford announced its decision Tuesday, soon after Trump tweeted an attack on rival General Motors over its operations in Mexico.
Ford Chief Executive Officer Mark Field said the decision was not prompted by Trump, but expressed optimism about the U.S. economy.
"One of the factors we’re looking at is the more positive U.S. business environment that we foresee under President-elect Trump and the pro-growth policies that he’s been outlining," Fields told reporters at Ford’s factory in Flat Rock, Michigan, where the company is investing $700 million and adding 700 jobs. "This is a vote of confidence around that."
Bloomberg News contributed to this report.
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