video Video
Trump applauds Ford investment plans
Tuesday, March 28, 2017 - 01:23
Ford says it will invest $1.2 billion in three Michigan facilities and create 130 jobs in projects largely in line with a previous agreement with the United Auto Workers union. Fred Kataymam reports.
▲ Hide Transcript
▶ View Transcript
Ford announced it will invest $1.2 billion in three Michigan facilities and create 130 jobs. The money will be used to upgrade a plant in Wayne and hire and retain workers at a plant in Romeo. Ford will also invest in a data center in Flat Rock. The plant projects were part of 2015 negotiations with the United Auto Workers, when Ford said it would invest $9 billion in U.S. plants over four years. Ford's announcement on Tuesday came just hours after U.S. President Donald Trump tweeted: "Major investment to be made in three Michigan plants. Car companies coming back to U.S. JOBS! JOBS! JOBS!" Jack Nerad of Kelley Blue Book: (SOUNDBITE) JACK NERAD, EXECUTIVE MARKET ANALYST, KELLEY BLUE BOOK, (ENGLISH) SAYING: "I think they're trying to please President Trump, but, I think, at the same time, there are really big business reasons to do what they did, and I don't think pleasing President Trump would overrule business considerations. So, I think, the two are going hand in hand here. I think, it's a good business decision, and, I think, the fact that it's also pleasing to the President, and new administration, and probably a lot of people here in Michigan and in the Midwest, is a good thing overall." The move comes at a time when U.S. new car and truck sales are at an all-time high, and investors are watching closely for signs of a possible downturn in the highly-cyclical industry.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code
Trump applauds Ford investment plans
Tuesday, March 28, 2017 - 01:23
Top News »
6:05pm BST - (0:39)
6:02pm BST - (1:01)
5:21pm BST - (0:54)
5:35pm BST - (4:00)
5:11pm BST - (0:56)
4:53pm BST - (1:14)
4:47pm BST - (0:54)
1:44pm BST - (2:16)
1:16pm BST - (2:23)
11:14am BST - (2:08)
Tue, 15 Aug, 2017 - (2:14)
Wed, 16 Aug, 2017 - (2:15)
Editors' Picks »
Wed, 16 Aug, 2017 - (1:33)
Tue, 15 Aug, 2017 - (0:55)
Tue, 15 Aug, 2017 - (1:15)
Mon, 14 Aug, 2017 - (2:05)
Sun, 13 Aug, 2017 - (2:07)
Thu, 10 Aug, 2017 - (1:08)
Thu, 10 Aug, 2017 - (1:48)
Thu, 10 Aug, 2017 - (2:07)
Wed, 09 Aug, 2017 - (1:45)
Thu, 10 Aug, 2017 - (0:33)
Thu, 10 Aug, 2017 - (0:36)
Tue, 08 Aug, 2017 - (0:43)
Most Popular »
8:32am BST - (1:22)
5:19pm BST - (2:46)
Wed, 16 Aug, 2017 - (2:23)
11:59am BST - (1:50)
Wed, 16 Aug, 2017 - (1:08)
Fri, 14 Jul, 2017 - (1:26)
Mon, 12 Jun, 2017 - (1:18)
Thu, 03 Aug, 2017 - (1:07)
Wed, 05 Jul, 2017 - (3:48)
Business »
5:24pm BST - (1:50)
3:02pm BST - (1:51)
4:47pm BST - (1:15)
3:19pm BST - (1:06)
12:49pm BST - (1:27)
2:01pm BST - (1:41)
12:00pm BST - (1:47)
11:05am BST - (1:43)
Wed, 16 Aug, 2017 - (1:26)
Wed, 16 Aug, 2017 - (1:22)
Wed, 16 Aug, 2017 - (3:34)
Wed, 16 Aug, 2017 - (1:25)
Featured Videos
Chimpanzees can understand rock, paper, scissors
Chimpanzees can understand rock, paper, scissors, Japanese primatologists show
Bladerunners - UK lawnmowers in 12-hour endurance race
Drivers donned their suits and climbed into their cockpits at the weekend for a 12-hour endurance race with a difference: they weren't driving rallying cars, but lawnmowers
The highs and lows of Macron's first 100 days
French President Emmanuel Macron heads into the summer break faced with falling popularity ratings after tough debates in parliament over labour reform and a public ethics law, a standoff with the military and cuts to housing assistance
The vending machine helping fight against HIV
An innovative vending machine for HIV tests being piloted in Britain aims to help in the fight to end the epidemic
London's underground mail rail re-opens after 14 years
A never seen before underground mail network is set to open to the public in London, 14 years after it closed down
Technology »
5:34pm BST - (1:26)
9:02am BST - (1:36)
Wed, 16 Aug, 2017 - (2:00)
Tue, 15 Aug, 2017 - (0:58)
Mon, 14 Aug, 2017 - (2:04)
Mon, 14 Aug, 2017 - (1:45)
Fri, 11 Aug, 2017 - (2:26)
Fri, 11 Aug, 2017 - (1:37)
Wed, 09 Aug, 2017 - (1:50)
Tue, 08 Aug, 2017 - (2:51)
Tue, 08 Aug, 2017 - (2:05)
Tue, 08 Aug, 2017 - (1:31)
Entertainment »
3:48pm BST - (1:41)
12:29am BST - (1:54)
Wed, 16 Aug, 2017 - (0:50)
Wed, 16 Aug, 2017 - (1:07)
Wed, 16 Aug, 2017 - (0:34)
Wed, 16 Aug, 2017 - (1:56)
Wed, 16 Aug, 2017 - (0:59)
Tue, 15 Aug, 2017 - (0:58)
Tue, 15 Aug, 2017 - (0:53)
Mon, 14 Aug, 2017 - (2:05)
Mon, 14 Aug, 2017 - (1:46)
Thu, 10 Aug, 2017 - (1:35)
Sports And Leisure »
Wed, 16 Aug, 2017 - (1:13)
Mon, 14 Aug, 2017 - (0:55)
Mon, 14 Aug, 2017 - (1:29)
Mon, 14 Aug, 2017 - (0:53)
Sun, 13 Aug, 2017 - (1:24)
Sun, 13 Aug, 2017 - (0:43)
Sun, 13 Aug, 2017 - (1:06)
Fri, 11 Aug, 2017 - (1:01)
Thu, 10 Aug, 2017 - (1:07)
Wed, 09 Aug, 2017 - (0:45)
Tue, 08 Aug, 2017 - (0:30)
Mon, 07 Aug, 2017 - (0:50)
Oddly Enough »
2:55pm BST - (0:31)
10:48am BST - (0:27)
Wed, 16 Aug, 2017 - (1:56)
Tue, 15 Aug, 2017 - (1:07)
Tue, 15 Aug, 2017 - (0:57)
Mon, 14 Aug, 2017 - (1:05)
Sun, 13 Aug, 2017 - (1:42)
Sun, 13 Aug, 2017 - (1:30)
Sat, 12 Aug, 2017 - (1:41)
Thu, 10 Aug, 2017 - (1:11)
Wed, 09 Aug, 2017 - (1:38)
Tue, 08 Aug, 2017 - (1:51)
Dateline Asia »
Wed, 16 Aug, 2017 - (2:11)
Wed, 16 Aug, 2017 - (2:12)
Wed, 16 Aug, 2017 - (2:00)
Tue, 15 Aug, 2017 - (2:13)
Tue, 15 Aug, 2017 - (1:57)
Tue, 15 Aug, 2017 - (1:46)
Mon, 14 Aug, 2017 - (2:06)
Sun, 13 Aug, 2017 - (2:08)
Fri, 11 Aug, 2017 - (2:22)
Fri, 11 Aug, 2017 - (1:55)
Fri, 11 Aug, 2017 - (2:05)
Fri, 11 Aug, 2017 - (2:16)