Trump claimed another win when Ford Motor Co. said it was canceling plans to build a new, $1.6 billion factory in Mexico and will invest at least some of the savings in new electric and autonomous vehicles to be built in the U.S.

“This is a vote of confidence for President-elect Trump . So far, commitments of 51,500 jobs have been made by Carrier (800 jobs), Ford (700 jobs) and SoftBank (50,000 jobs, which includes the 5,000 at Sprint), although it's controversial how much of a role Trump played. And so this is a vote of confidence.”

WATCH: FORD CEO MARK FIELDS ON FOX BUSINESS NETWORK

Fields said Ford would have gone ahead with the decision whether or not Trump was elected president, however, he did say that he alerted both Trump and Vice President-elect Mike Pence ahead of the announcement on Tuesday. Ford said its $700 million investment in Flat Rock would cover both the electric SUV and a self-driving car that will be used for ride-sharing services, but didn't specify size or the cars' intended segments. Ford is planning to roll out seven new electric vehicles in the next five years, including a Mustang Hybrid. In 2015, Ford announced it would spend $1.6 billion to build a new vehicle plant in Mexico that would eventually build the Focus and slow-selling hybrid C-Max, but the automaker scrapped those plans Tuesday and said the money would be redirected toward upgrades for Flat Rock. However, Ford is by no means exiting vehicle assembly in Mexico; it confirmed today that its next-generation Focus compact car will be built there, at its plant in Hermosillo, Mexico.
Ford announces that it has cancelled plans to build a $1.6 billion plant in Mexico, long criticized by U.S. President-elect Donald Trump, and will invest $700 million in its Michigan plant in Flat Rock, potentially creating 700 new jobs from the investment and expansion of the plant.