Canada Contributing $447 Million Toward Ford Plant Upgrades

With Ford and Unifor having agreed to a new three-year contract last month, Oakville Assembly (which currently manufacturers the Ford Edge and Lincoln Nautilus) is slated to be retooled to manufacturer electric vehicles and their batteries. While the first example wouldn’t roll off the assembly line until 2026, according to the agreement, Canada is excited about the prospect of green jobs. In fact, the Canadian government has committed itself to an ambitious program aimed at boosting electric vehicle sales in order to achieve net-zero carbon emissions by 2050.

We’re always suspect of central planning, as regulatory changes often have unintended consequences for the associated industries, but need to praise Canada for actually putting some money where its mouth is. Barring a mishap in 2023, the nation has promised to contribute $447 million (split evenly between the Ontario and federal governments) toward Ford’s 1.4-billion program to convert the facility.

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Grand Cherokee, Durango Going Grayscale Until February 2015

Were you hoping to have a red Jeep Grand Cherokee SRT or Dodge Durango Ron Burgundy Edition in your driveway in time for Christmas? You may have to try your luck on the lot, as new orders will be painted black, white, gray and silver all over for the next few months.

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Tesla Idles Plant For Two Weeks For Model X-Related Production Upgrades

Those who just ordered their Tesla Model S may need to wait a bit, as the premium EV automaker has idled its California factory in order to tool up for the upcoming Model X SUV.

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  • Kcflyer LC 500
  • Kcflyer Sure, we lose money on each one, but we will make it up on volume :)
  • VoGhost You want to hear something mind blowing? Ford last year lost $34K on every BEV it sold. Tesla made $10K per vehicle sold. So stop telling me that once the legacy ICE automakers get into the EV market that they'll wipe the floor with Tesla. My stock is making way too much money to take you seriously.
  • EBFlex Oh this is glorious. Not that any of this is surprising, we've known since day one government cars are not profitable.But imagine losing over $6 billion (total EV experiment losses from 2021-current) by introducing three garbage EVs, two of which are nothing more than removing the proper ICE powertrain and cobbling together some electric motors in that space (fake lightning and the electric van thing). What a staggering level of incompetence.
  • Dimitar Gueorguiev > No way Ford sells 600k EVs this year, or next.Why not? Mustang Mach E is as good as any Tesla or better.