Ford (F) to invest $1.3B to retool Ontario factory for EVs starting next year
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Brazilian Government offer fresh perks for a BYD plant as Ford talks stall
April 13, 2023 1:41 PM EDTIn February, the Brazilian government opened negotiations with electric automaker BYD in the hopes of reopening a factory that belonged to Ford (NYSE: F) in Camacari. Ford ended activities at the Camacari industrial complex in January 2021 following 20 years of operations.
However, as talks have stalled, a story from Reuters, citing unnamed sources, reports Thursday that... More
Ford will retool Ontario factory to build EVs starting next year
April 11, 2023 11:09 AM EDTBy Joseph White
DETROIT (Reuters) - Ford Motor Co said Tuesday that next year it will start retooling its sport utility vehicle assembly plant in Oakville, Ontario to produce electric vehicles, fulfilling a promise made to Canada's Unifor union during contract bargaining in 2020.
Ford plans to begin overhauling the Oakville complex in the second quarter of 2024, idling most of the factory's production workers until the new EV assembly system starts up in late 2024, company officials said Tuesday during a conference call.
... More