Ford assembly plant to receive $135 million in government funds

Ford assembly plant to receive $135 million in government funds

Ford assembly plant to receive $135 million in government funds

Ford assembly plant to receive $135 million in government funds.Ontario and the Canadian government will contribute $135 million to Ford Motor Co. for expansion of its Oakville, Ont., assembly plant.

 

The Toronto Globe and Mail reports that the money is intended to secure the jobs of 3,000 employees at the Oakville facility.
 

Ford will spend between $675 million and $725 million to retool the plant, which assembles mid-sized utility vehicles.

 

The government contributions were arranged after two years of negotiations.

 

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