Ford invests in Ontario plant to meet customer demand
Sep 20, 2013 | 10:38 AM
| Corinna Petry
CHICAGO Ford Motor Co. will invest Canadian $700 million ($680 million) to bring several new global models to its Oakville, Ontario, assembly plant as it moves to meet demand in North America and around the world.
"This investment is helping us find much-needed capacity for global products ... and it is positioning Oakville as one of the most competitive and important facilities in the Ford system," Joe Hinrichs, Ford president for the Americas, said Sept. 19.
The expansion will increase Fords sourcing of Canadian-made auto parts by about C$200 million ($194.3 million) to an annual total of nearly C$4 billion ($3.9 billion).....
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