Ford Motor Co. says it will spend through $1.34 billion to change over a SUV production line in rural Toronto so it can build next-generation electric vehicles.
The about 3,000 specialists at the plant in Oakville, Ontario, are supposed to keep their positions, relying upon economic situations, the organization said Tuesday. Be that as it may, some creation laborers will be furloughed during a six-month development cycle to start in the second quarter of 2024.
Ford wouldn’t agree that which models will be worked at the 487-section of land site, which will be renamed the Oakville Electric Vehicle Complex. The plant as of now fabricates the Portage Edge and Lincoln Nautilus gas-powered SUVs.
The organization says it will merge three body shops into one at the plant, assisting with making space to assemble battery cells into packs nearby. The lithium-ion cells will come from Passage’s arranged joint-venture battery complex in Kentucky.
Ford additionally wouldn’t agree that the number of electric vehicles the plant that will actually want to assemble each year. The change is a stage toward the Ford arrangement to increase processing plants to construct EVs at a pace of 2 million every year toward the end of 2026.
Ford Anticipates That EV Business Unit Should Lose $3B This Year, Hit Profitability In Late 2026
The organization intends to begin building EVs at the site that will go on sale in 2025 in North America.