The Ford Motor Company announced on Tuesday that it plans to invest $700 million in its Flat Rock Assembly Plant and create about 700 new jobs.
The company also revealed it has canceled plans to build a $1.6 billion plant in Mexico.
The assembly plant in Flat Rock will focus on building autonomous and electric vehicles including a new Mustang Hybrid.
Ford says this is all part of a $4.5 billion investment in electrified vehicles by 2020. Ford plans to introduce 13 new electric vehicles over the next five years.
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