Ford will retool Ontario factory to build 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 (F) to invest $1.3B to retool Ontario factory for EVs starting next year
April 11, 2023 11:34 AM EDTAmerican automaker Ford (NYSE: F) announced Tuesday that the company will be investing $1.3 billion to transform its SUV assembly plant in Oakville Ontario to produce multiple electric vehicles and battery packs, 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... More
