More than $500 million part of $2 billion investment in Canadian EV production
Announcement expected by Ford, Ford, and Trudeau later today
Both the province of Ontario and the federal governments are going to be a big part of an investment into building electric Fords at the automaker’s Oakville, ON, plant. The official announcement is expected to be made by Prime Minister Justin Trudeau and Ontario Premier Doug Ford later today.
Speaking at the conclusion of contract negotiations between Ford and Unifor, who represents many autoworkers in Canada, late last month, Unifor National President Jerry Dias was asked about government contributions to go toward the five new electric models that would be built at the plant starting in 2025 if the contract was ratified. Dias said he would wait and let the governments make their own announcement, and The Canadian Press reported news of the official announcement early this morning.
Premier Ford will be at the Oakville plant with representatives from Ford to make the announcement, while Trudeau and Dias will attend virtually from Ford’s connectivity and innovation centre near Ottawa. The two governments are expected to each contribute more than $250 million, part of a total $2 billion investment into retooling the Oakville plant from building gas-powered crossovers to making yet-unannounced electric vehicles.
There are more than 3,400 workers in Oakville, and this investment is expected to help save the majority of jobs at the plant. The CP reports that the federal government hopes that the investment will help boost other Canadian industries like those mining for nickel and other metals used in EV battery production.