India, Jan. 9 -- President-elect Donald Trump praised Ford Motor Co and Fiat Chrysler Automobiles NV on Monday for announcing new investments in the United States after he made US auto production a key part of his campaign.

Last week, Ford announced it will abandon plans to build a $1.6 billion plant in Mexico and will invest $700 million in a Michigan plant over four years, while Fiat Chrysler said Sunday it will invest $1 billion and add 2,000 jobs at plants in Ohio and Michigan to build new SUVs and pickup trucks.

Both companies have said they made the decision for business reasons and not because of pressure from Trump, but praised the president-elect for seeking to improve the climate for businesses to operate in the United States. ...