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Ford scraps Mexico plant, invests heavily in Michigan


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2015 Ford Mustang production at Flat Rock Assembly Plant, MichiganFord Motor Company [NYSE: F] announced today that it will spend $700 million to turn its Flat Rock, Michigan, assembly plant into a hub for electric and self-driving vehicle assembly. Separately, the automaker says that it is canning a $1.6 billion new plant it had intended to build in Mexico. Sources close to the automaker reportedly told media...

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