Detroit Free Press staff

Ford announced today plans to cancel a $1.6-billion plant in Mexico and to invest $700 million in metro Detroit's Flat Rock Assembly plant.

Read the updated story here.

"We are today announcing that we are investing $700 M to transform Flat Rock into a new manufacturing & innovation center," Ford CEO Mark Fields said at a press conference held this morning at the plant.

Ford CEO Mark Fields said the decision to cancel the plant in Mexico was based in part on changing market conditions with sales of small cars declining as well as the pro-business climate the automaker expects under President-elect Donald Trump.

"We look at all the factors, and our view is we see a more positive U.S. manufacturing business environment under president elect Trump and the pro-growth policies and proposals that he is talking about, so this is a vote of confidence for President-elect Trump and some of the policies that they may be pursuing," Fields said.

Ford Vice Chairman Bill Ford called Trump this morning to inform the president-elect of the decision and Fields called incoming Vice President Mike Pence.

"They were very pleased that we are investing here in the United States," Fields said.

Trump tweeted a link to a Fox News story and quoted a headline from the story that said, "Ford to scrap Mexico plant, invest in Michigan; CEO cites Trump policies."

Read more:

Ford invests $700M in Mich., cancels plan for Mexico plant

Here are the details of Ford's electric vehicle plan

Donald Trump takes credit for Ford's decision to invest in Michigan

Can't see the tweets? Follow this link.

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