A $700-million investment by Ford will secure more than 2,800 jobs at the firm’s Oakville plant and give Premier Kathleen Wynne’s minority government some much-needed good economic news.
Ford Motor Company announced the cash infusion Thursday, which will increase its spending on Canadian-made auto parts by $200 million a year to a total of $4 billion annually.
Joe Hinrichs, the auto giant’s president for the Americas, said it’s a win-win for the firm and for Ontario.
“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,” Hinrichs said in a statement.
Chosen excerpts by Job Market Monitor. Read the whole story at
via Ford invests $700 million in Oakville plant, secures 2,800 jobs | Toronto Star.
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