Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Denver news in your inbox
Catch up on the most important stories affecting your hometown with Axios Denver
Des Moines news in your inbox
Catch up on the most important stories affecting your hometown with Axios Des Moines
Minneapolis-St. Paul news in your inbox
Catch up on the most important stories affecting your hometown with Axios Twin Cities
Tampa Bay news in your inbox
Catch up on the most important stories affecting your hometown with Axios Tampa Bay
Charlotte news in your inbox
Catch up on the most important stories affecting your hometown with Axios Charlotte
Photo: Rolf Vennenbernd/picture alliance via Getty Images
Ford announced Thursday it will invest $1 billion and add 500 jobs to two Chicago-area manufacturing facilities to expand production of the Ford Explorer and Lincoln Aviator, CNBC reports.
The big picture: Ford is simultaneously making cuts to its overseas workforce, specifically in Europe as President Trump pressures U.S. automakers to boost hiring at home. In 2017, Ford cancelled its plans to open a plant in Mexico.