CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

LATEST MAGAZINE

CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

Ford delays EV production plans in Oakville by two years

Share This Post
Work to retool Ford's Oakville plant for EV production will begin in the second quarter of this year as planned, but the launch of the new three-row electric vehicles to be produced at the factory now won't happen until 2027. PHOTO courtesy Ford Motor Co.

Ford Motor Co. won’t be starting production of electric vehicles at its Oakville, Ont., plant until 2027, the automaker now says.

That’s a two-year delay from the initial plans to start production next year at Ford’s plant which the company plans to spend $1.8 billion to retool for electric vehicle manufacturing and battery pack assembly.

Work to overhaul the Oakville plant will begin in the second quarter of this year as planned, but the launch of the new three-row electric vehicles to be produced at the factory won’t happen until 2027, according to a report by Canadian Press.

Ford president and CEO Jim Farley says the automaker is fully committed to manufacturing in Canada but the decision to delay production will help the company build a profitably growing business for the long term, Canadian Press also reported.

Share This Post


Recent Articles



Wordpress Social Share Plugin powered by Ultimatelysocial
error

Enjoy this post? Share with your network