We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Ford Motor Company | NYSE:F | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 12.94 | 0 | 01:00:00 |
From Apr 2019 to Apr 2024
By John D. Stoll
President Donald Trump steered attention back to the auto industry Tuesday morning following last week's health care defeat, saying in a tweet that Ford Motor Co. is planning to announce investment in three Michigan plants, indicating the moves will result in jobs.
Ford, the No. 2 U.S. auto maker in terms of sales, has been expected to make an announcement Tuesday, but details were being held under wraps. It is unclear if Ford's announcements relate to actual new jobs or fresh investment.
A Ford spokeswoman declined to publicly disclose the company's investment plans. The auto maker will make an announcement later Tuesday morning.
Ford in 2015 committed about $5 billion in investments for Michigan factories, including facilities making components. Those investments roll out over the life of the four-year contract, expiring in 2019.
"Major investment to be made in three Michigan plants," Mr. Trump's tweet said. "Car companies coming back to U.S. JOBS! JOBS! JOBS!"
The announcement follows Mr. Trump's visit to Michigan earlier in March to announce a review of federal emissions standards that many auto makers characterize as stringent. During that visit, Mr. Trump said to expect a big announcement coming from an auto maker.
He indicated the announcement would come last week.
The move hands a positive talking point to Mr. Trump following last week's failure by House Speaker Paul Ryan to get backing for a bill to replace the Affordable Care Act.
Mr. Trump, once a critic of Ford's plans for producing small cars in Mexico, has recently held up the Dearborn, Mich., auto maker as an example of a company adding jobs in the wake of the November election. The company recently shelved its plan to build a new plant in Mexico and said it was rerouting investment to a factory in Michigan that is slated to make electric vehicles.
Write to John D. Stoll at john.stoll@wsj.com
(END) Dow Jones Newswires
March 28, 2017 08:39 ET (12:39 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
1 Year Ford Motor Chart |
1 Month Ford Motor Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
