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Ford to build electric cars in Mexico

"It's just a bit disconcerting from the outside looking in to see how many planned and unplanned announcements there are coming out of Ford this week".

The exception is General Motors, which is assembling its all-electric Chevrolet Bolt, including self-driving units, at its Orion Township plant in Oakland County and splits production of the Chevrolet Cruze compact between Mexico and Lordstown, Ohio.

The news was celebrated by the incoming Trump administration, which claimed that it had convinced U.S. automakers to bring jobs home. Information on the vehicle itself is still sparse, but it's said to be a hybrid and built on an entirely new platform.

At the Flat Rock plant, Ford is boosting investment to $900 million from $700 million and adding 850 jobs.

"We have excess capacity at that plant", said Ford spokeswoman Kelli Felker.

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The report also states that part of the reason for Ford's decision is that electric vehicles currently have a comparatively low profit margin. "I can't wait to share more with you about our plans and promise to do so throughout this journey we're on to create the future".

The pivot comes several months after Ford made a big splash by announcing plans to cancel a new factory in Mexico in a move widely viewed as a concession to President Trump, who has criticized automakers over foreign manufacturing.

Instead, the automaker is moving production to its factory in Cuautitlan, Mexico; officially, says Ford, because it wants to free up the Michigan factory for more autonomous car development.

Ford's Flat Rock Assembly Plant, in Michigan, builds the Mustang and the Lincoln Continental.

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