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Ford is the latest company to revise its plans for international expansion in the wake of Donald Trump's election as president.

On Tuesday, Ford Motor Company announced plans to cancel the building of a $1.6 billion plant in Mexico and instead invest $700 million in an assembly plant in Michigan. The move is set to create 700 jobs.

Ford CEO Mark Fields joined "Cavuto: Coast to Coast" to discuss the company's change of plans.

Fields said the decision was made based on decreasing demand for small cars in North America. The Mexico plant was originally slated to house production of the new generation Focus, which will instead be moved to an existing Mexico plant.

"We are doing this decision based on what's right for our business," Fields said in response to Neil Cavuto's question on whether the decision was made in response to Trump's election.

"One of the factors that we're looking at is a more positive U.S. manufacturing business environment under President-elect Trump and some of the pro-growth policies that he said he is going to pursue," Fields said, adding the company would have followed through with these plans even if Trump had not been elected.

Earlier Tuesday morning, Trump targeted General Motors.

Since his election, Trump has also negotiated deals with Carrier and Boeing.

Share your thoughts with us on Ford's announcement in the comments section.

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