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Ford invests $682 million in Edge-producing Canadian facility

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Ford invests $682 million in Oakville, Ontario, Canada, assembly plant.

Ford announced that it’s investing $682 million in its Oakville assembly plant in Ontario, Canada, to make it a global manufacturing plant, which the automaker also says secures 2,800 jobs there. Including this injection of cash, Ford has invested over $2 billion in Canada in the last decade, starting with nearly $1 billion for Oakville in 2004, and over $570 million for its Essex Engine Plant in 2010.

The move to make Oakville a global manufacturer of Ford vehicles means, “If consumers suddenly shift their buying habits, we can seamlessly change our production mix without having to idle a plant,” says Joe Hinrichs, Ford’s president of the Americas.

Ford says that the latest investment will help it meet North American demand for the Oakville-produced Edge crossover, which is on track this year to beat 2007′s US sales record of 130,000 Edges. The Ford Flex and Lincoln MKX and MKT are also manufactured at the plant.

This all would be for naught if the automaker didn’t use the resources it’s bolstering, and Ford indeed says it will increase yearly spending on parts at the Canadian facility by $194 million, to nearly $4 billion annually.

Oakville’s transformation to a global manufacturing plant has already started, and it’s expected to be completed by the fall of 2014. For more information on Ford’s recent investment in Canada, take a look at the press release below.

Continue reading Ford invests $682 million in Edge-producing Canadian facility

Ford invests $682 million in Edge-producing Canadian facility originally appeared on Autoblog on Sun, 22 Sep 2013 11:02:00 EST. Please see our terms for use of feeds.

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