|
It
was not immediately clear whether Ford was taking new steps or
acting on previously planned or announced investments. The
company is expected to make an announcement later on Tuesday
morning.
The planned announcement comes less than two weeks after Trump
visited Detroit to promise more auto jobs for Michigan and other
Midwestern U.S. states.
Sometimes, however, Trump has promoted job announcements at the
White House that had been previously planned or announced. Last
week at the White House, he praised an investment decision by
Charter Communications Inc <CHTR.O> that the company announced
before he was elected.
Ford will announce investments at its Michigan plants in Wayne,
Flat Rock and Romeo, the Detroit News reported, citing three
sources familiar with the plans. The newspaper said it was
unclear how many jobs Ford would create or the amount it would
invest.
Last week, Ford said it expected higher investments, as well as
other spending, to weigh on 2017 earnings.
Trump has focused on U.S. automotive jobs, meeting with company
executives as well as pressuring - and praising - them on
Twitter. Executives have also said they hope his administration
will pursue tax and regulatory policies that would benefit U.S.
manufacturers.
(Reporting by Susan Heavey; Editing by Lisa Von Ahn)
[© 2017 Thomson Reuters. All rights
reserved.] Copyright 2017 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
|
