Governments unveil details of $590M investment to help Ford Oakville plant make electric cars Social Sharing

Article Link: https://www.cbc.ca/news/business/ford-oakville-government-1.5754974

Discussion posted by: David McNamara

The governments of Ontario and Canada are set to announce details of their plan to each spend $295 million to help Ford upgrade its assembly plant in Oakville to start making electric vehicles. The fact that the governments are chipping in cash is not new — it was a key part of last month’s $1.8-billion deal between Ford and its biggest union, Unifor, to start making five new electric car models at the plant. Ford has put 800,000 electric cars on the road worldwide in recent years, but the company is ramping up production of electric vehicle production, because the company forecasts them to outsell fossil fuel-powered ones at some point in the next decade. The upgrade of the Ford plant will make Oakville into the company’s No 1. electric vehicle factory in North America.