Briefing

Governments to spend $590 million to bring electric vehicles to Ford Oakville

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The federal and Ontario governments will each contribute $295 million to the Ford plant in Oakville, Ont. as part of a combined $1.8-billion investment to turn the factory into an electric-vehicle manufacturing hub. Ford plans to make five different models of battery-powered electric vehicles in the plant starting 2026. Batteries for the vehicles will also be assembled at the plant, according to Dean Stoneley, the president and CEO of Ford Canada. “Support from the federal and provincial governments were crucial in securing this transformational investment,” Stoneley said. (CBC News, The Logic)

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