Ford Motors drops $1.6bn Mexico plantJanuary 4, 2017 - 15:04 AMT PanARMENIAN.Net - Ford has said it will cancel a $1.6bn plant it planned to build in Mexico and instead extend operations at its factory in Michigan, BBC News reports. The U.S. car giant will spend $700m on expanding the plant at Flat Rock. Ford boss Mark Fields said the decision was partly due to falling sales of small cars and partly a "vote of confidence" in Donald Trump's policies. The President-elect has criticised both Ford and its rival General Motors over production of models in Mexico. Trump earlier on Tuesday, January 3 tweeted criticism of GM's production of its Chevy Cruze model in Mexico. Mexico's economy ministry said it regretted Ford's decision, adding that it had assurances that the U.S. car firm would pay the state of San Luis Potosi for any costs incurred from the cancellation. Related links: Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. Macron says France commemorates 109th anniv. of Armenian genocide Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says. Freedom House concerned by mounting reports of police violence in Armenia Freedom House urged Armenian authorities to investigate this pattern of excessive force and inhumane treatment. |