Even as Canada’s manufacturing sector continues to dwindle, Ford is set to invest even further in its Canadian operations, putting together a new investment package for its Oakville assembly plant – provided the federal and Ontario governments can come up with the scratch.
Ford of Canada CEO Dianne Craig expressed optimism for Canada’s auto manufacturing sector, but within her remarks were subtle calls for enhanced government investment in the auto industry. Speaking at the Bloomberg Canada Economic Summit, Craig remarked
“We are optimistic despite the Canadian dollar where it is…So it’s between the business partners that we have, certainly the government, that will enable us to at least keep the footprint that we have today.“
Ford’s Oakville plant is expected to built the next generation Ford Edge, which will ride on the global CD4 platform used by the Ford Fusion. Ford and the Canadian government are said to be ironing out the details, but timing is tight for any deal, as production is scheduled to begin next June. Ford is said to be looking for $400 million from the Canadian government, which is notoriously reluctant to invest in the auto manufacturing sector compared to American and Mexican governments.