There’s another massive investment by Ford in its Canadian operations.
The automaker confirms that it is pumping 700 million dollars into a retooling of its Oakville plant, making it one of the most competitive and important facilities in the company’s system.
The provincial and federal governments are each kicking in over 70 million dollars.
Premier Kathleen Wynne notes that the investment protects 28 hundred direct jobs at Ford and thousands more indirectly. She adds that the auto sector is “critical” to Ontario’s economic health.
The Oakville plant currently makes the Ford Edge, Ford Flex, Lincoln MKX and Lincoln MKT.
Ford says several new models will be brought to the plant to meet demand in North America and elsewhere, as a result of its latest investment.
Sales of the Oakville-made Edge are on pace to surpass 130 thousand in the U.S this year which would eclipse its
previous record from 2007, prior to the economic downturn.
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