In addition to the $ 4. 5 billion that we've committed to new electrified vehicles, we today are announcing that we're investing another $ 700 million to transform and expand this Flat Rock assembly plant, creating a new manufacturing innovation center. [ APPLAUSE ] And it's right here that we'll build our new autonomous and long- ranged battery electric vehicles along with of course, the iconic Ford Mustang and the Lincoln Continental. And what's even better well this expansion will create 700 direct jobs right here at the plant. We're also encouraged by the pro growth policy that President elect Trump and the new Congress have indicated that they will pursue. And we believe that these tax and regulatory reforms. Are critically import to boost US competitiveness, and of course drive a resurgence in American Manufacturing and high- tech innovation. Now, all of these factors, coupled with segmentation shifts that we're seeing in the marketplace, And our effort, of course, to fully utilize the capacity at existing facilities have prompted us, obviously, to invest in Flat Rock expansion. And to cancel building a new plant in Mexico. [ APPLAUSE ]

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