Trump calls Ford Mexico plant 'absolute disgrace'

In a move that Donald Trump called an "absolute disgrace," Ford (F) on Tuesday announced that it will be adding a new assembly plant in Mexico.

The Detroit automaker said it will invest $1.6 billion into the facility and create 2,800 jobs by 2020, with construction expected to begin this summer.

Ford's expansion in Mexico has been expected for months, causing Republican presidential nominee Trump to repeatedly hammer the automaker.

"This transaction is an absolute disgrace. Our dishonest politicians and the special interests that control them are laughing in the face of all American citizens," Trump said in a statement.

"When I am president, we will strongly enforce trade rules against unfair foreign subsidies, and impose countervailing duties to prevent egregious instances of outsourcing."

Trump went on to call for renegotiating NAFTA "to create a fair deal for American workers."

Joe Hinrichs, president of Ford of the Americas, told CNBC that the new plant does not mean Ford is moving jobs out of the U.S.