8.6 C
New York
Wednesday, June 23, 2021
Home Business Governments unveil details of $500M investment to help Ford Oakville plant make...

Governments unveil details of $500M investment to help Ford Oakville plant make electric cars


The governments of Ontario and Canada are set to announce details of their plan to each spend $250 million to help Ford upgrade its assembly plant in Oakville to start making electric vehicles.

Prime Minister Justin Trudeau and Ontario Premier Doug Ford will both attend a press conference in the Ottawa suburb of Kanata on Thursday to announce details of the plan.

The fact that the governments are chipping in cash is not new — it was a key part of last month’s $1.8 billion deal between Ford and its biggest union, Unifor, to start making five new electric car models at the plant.

But Thursday’s news confirms exactly how much the governments are willing to chip in: $250 million apiece.

The event kicks off at 11:30 a.m. eastern time. This story will be updated with details as they emerge.

More to come



Source link

Today news
Today News 1 runs four of the western GTA’s most influential media websites, offering news, food, lifestyle and entertainment coverage for millions to the Golden Horseshoe and GTA regions. The independently-run, online news source was founded in 2019 and specializes in everything from breaking news to food and restaurant, arts and entertainment and lifestyle coverage.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

New Brunswick Museum launches project to encourage sharing life stories

The New Brunswick Museum hopes the notes of a nostalgic song will bring back distant life moments. "Reviving Our Memories" is a...

TikTok strikes agreement over royalty payments for music used in Canada

Canada's leading music reproduction rights agency says it has signed an agreement with TikTok that will see artists paid for use of their...

Saskatoon beaver takes down Canadian flag, makes off with flagpole

A Saskatoon photographer captured his own heritage minute after he witnessed a beaver standing on guard for thee, right under a Canadian flag. ...

Thousands of paper cranes from Manitoba Japanese association honour children lost at residential schools

Yuhito Adachi folds a square piece of origami paper with printed cherry blossoms in half, pressing down firmly on the crease to form...

Recent Comments