Funds Transform Ford Plant into a Global Manufacturing Facility

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By A Correspondent

The Honourable James Moore, Minister of Industry, on September 19, announced in Oakville, important funding that will transform the Ford Motor Company of Canada's Oakville Assembly plant into a state-of-the-art global manufacturing facility, making it one of Ford's most sophisticated plants in the world.

Minister Moore made the announcement at the Oakville plant, accompanied by the Honourable Lisa Raitt, Minister of Transport, and Terence Young, Member of Parliament for Oakville.

"Canada's auto sector is a world leader, employing hundreds of thousands of Canadians and contributing 12 percent of our total exports worldwide," said Minister Moore. "Our government is committed to strengthening our economy while creating and keeping high-quality jobs here in Canada. This contribution will ensure that Ford's Oakville plant will be able to compete with any manufacturer at any plant in the world."

"Canada is one of the best countries in the world to build automobiles," said Mr. Young. "We are thrilled that Ford continues to invest significantly in Canadian jobs by building its new manufacturing lines here in Ontario. This is great news for Oakville and all Canadians."

"Ford's investment demonstrates Canada can be competitive in the global market through strategic partnerships," said Dianne Craig, President and CEO, Ford Motor Company of Canada. "Working closely with government and labour, we have secured a bright future for our employees at Oakville Assembly."

The Harper Government is committing up to $71.6 million to Ford Motor Company of Canada for Project Northern Star through the Automotive Innovation Fund (AIF), a $250-million, five-year program that supports the development of Canada's auto sector. Ford is the first recipient of the renewed AIF, announced by the Prime Minister in January at this same plant.

Project Northern Star will strengthen research and development at Ford, transform its Oakville Assembly plant by installing a global platform, and keep Canada's automotive sector innovative and globally competitive.

It is expected the AIF will generate up to $2.3 billion in private sector investment, including Project Northern Star.

JULY 2018

Vol. 12 - No. 12


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