Photo: Ford
Ford Motor Co. has announced plans to invest $700 billion CAD ($685 billion) at its Oakville Assembly plant in Canada to expand manufacturing capability and meet surging global demand.
According to the Detroit-based company, the investment will help secure more than 2,800 jobs, maximize North American manufacturing assets, and match Canada-built Edge demand in the United States, which is set to beat the pre-recession record of 130,000 vehicles sold in 2007.
“This investment is helping us find much needed capacity for global products and securing jobs, and it is positioning Oakville as one of the most competitive and important facilities in the Ford system,” said Joe Hinrichs, president of The Americas for Ford, speaking at a ceremony at the plant. “Global fuel-efficient products, built in a state-of-the-art facility, by a great workforce are a win for everyone today.”
The Oakville Assembly plant update is expected to be completed by fall 2014. The facility manufactures the Ford Edge, Ford Flex, Lincoln MKX and the Lincoln MKT.
“This investment is helping us find much needed capacity for global products and securing jobs, and it is positioning Oakville as one of the most competitive and important facilities in the Ford system,” said Joe Hinrichs, president of The Americas for Ford, speaking at a ceremony at the plant. “Global fuel-efficient products, built in a state-of-the-art facility, by a great workforce are a win for everyone today.”
The Oakville Assembly plant update is expected to be completed by fall 2014. The facility manufactures the Ford Edge, Ford Flex, Lincoln MKX and the Lincoln MKT.
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