Trump Thanks Ford for Scrapping Mexico Plant

President-elect Donald Trump thanked Ford Motor Co. Wednesday for deciding to scrap plans for a factory in Mexico. 

Thank you to Ford for scrapping a new plant in Mexico and creating 700 new jobs in the U.S. This is just the beginning - much more to follow

— Donald J. Trump (@realDonaldTrump) January 4, 2017

Ford announced its decision Tuesday, soon after Trump tweeted an attack on rival General Motors over its operations in Mexico.

General Motors is sending Mexican made model of Chevy Cruze to U.S. car dealers-tax free across border. Make in U.S.A.or pay big border tax!

— Donald J. Trump (@realDonaldTrump) January 3, 2017

Ford Chief Executive Officer Mark Field said the decision was not prompted by Trump, but expressed optimism about the U.S. economy. 

"One of the factors we’re looking at is the more positive U.S. business environment that we foresee under President-elect Trump and the pro-growth policies that he’s been outlining," Fields told reporters at Ford’s factory in Flat Rock, Michigan, where the company is investing $700 million and adding 700 jobs. "This is a vote of confidence around that."

Bloomberg News contributed to this report.