Ford will invest $700 million into its Oakville, Ontario
, production and manufacturing campus, a move that the firm said will secure 2,800 jobs. The car company, nicknamed Blue Oval, will also bring several new global vehicle models to the plant.
Oakville Assembly, which celebrated its 60th anniversary this year, manufactures the Edge, Flex, Lincoln MKX and Lincoln MKT. Work on the transformation to the plant is already underway and is expected to be complete by late 2014.
Canada is fitting in well with this strategy, said Dianne Craig, President and CEO of Ford of Canada. “Ford’s investment demonstrates Canada can be competitive in the global market through strategic partnerships. Working closely with government and labour, we have secured a bright future for our employees at Oakville Assembly.”
The Oakville manufacturing complex will be positioned “as one of the most competitive and important facilities in the Ford system,” said Joe Hinrichs, Ford President of The Americas.
Ford said it is focused on global manufacturing, which involves using many of the same platforms worldwide to build most of its vehicles. This makes it easier to accelerate the production of vehicles according to consumer needs.
Ford said it is focused on global manufacturing, which involves using many of the same platforms worldwide to build most of its vehicles. This makes it easier to accelerate the production of vehicles according to consumer needs, the company said.
Officials from Unifor Local 707, which represents production and skilled trades workers at the plant, called Ford’s $700 million investment a giant boost for the provincial and national economy.
"The benefits of this investment are enormous for the province and for the country," said Unifor National President Jerry Dias. "This kind of investment is exactly what we need to see more of - one that creates jobs and hope for young workers that they can find good job opportunities...Our members at Ford have worked hard to ensure that this facility is a profitable location to invest and build automobiles well into the future."